Michigan: -- Honeywell and LG Electronics signed a memorandum of understanding to develop and demonstrate a unique automotive software technology and infrastructure solution to address threats associated with the increase in vehicle connectivity technology. The two companies showcased a collaborative cybersecurity solution at the 2018 Consumer Electronics Show in Las Vegas earlier this month, and at the recently concluded 2018 North American International Auto Show in Detroit.
The collaboration between LG and Honeywell provides automakers a next generation cybersecurity solution for system communications within the vehicle as well as an increasing amount of external communications via cellular and satellite connectivity.
The two companies are focused on the unserved needs of the auto industry to cover the entire cybersecurity chain from individual gateway protection through threat monitoring of fleets. The solution to be developed by the collaboration will integrate LG's intrusion, detection and protection software (IDPS) technology for securing vehicle hardware from external attacks with Honeywell's IDPS solutions for securing internal vehicle communication and control networks along with its security monitoring and analytics capabilities for security operation centers.
The collaborative solution helps ensure passenger vehicle safety and security by identifying and validating software commands and data generated by the more than 100 million lines of code that govern modern vehicle operation. LG's electrical gateways and security modules, telematics control unit (TCU), and electronic control unit (ECU) can be an effective toolset for detecting and reporting anomalies preceding a mechanical failure or intentional hack of the vehicle. Honeywell's software detects anomalies and protects in-vehicle network traffic when the global security operation centers receive captured data transmitted in either real time or via a scheduled download. These security centers monitor large fleets to provide analytics coupled with an understanding of underlying issues to provide effective remediation options to the auto maker.
Honeywell's team of software experts and technology solutions combine more than 60 years of automotive domain experience as a leading global Tier 1 automotive supplier with useful Honeywell experience in critical industrial safety applications. Honeywell's automotive software enables real-time vehicle performance diagnostics that can help increase vehicle reliability and up to a 5 percent reduction in warranty costs.
LG's vision for the automotive components business is to become an innovation partner for vehicle electrification by using accumulated know-how from the consumer electronics industry. Vehicle components is LG's fastest growing business and is expected to play a major role in the future growth of the company. With a wealth of experience in mobile communications, home appliances, consumer electronics and connected vehicles, LG plans to lead the next-generation vehicle components market through collaboration with Honeywell's differentiated technologies.
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