An Integrated Approach To Mitigating Systemic Cyber Risk In Autonomous Electric Vehicles

Integrating autonomous vehicles (AVs) within our transportation ecosystem presents exciting possibilities and introduces intricate challenges. Systemic failures due to cyberattacks on AVs could have far-reaching consequences, impacting safety and financial stability. This paper emphasizes the interdependence of stakeholders, particularly within the financial and insurance sectors. We propose a proactive approach, focusing on three objectives: (1) Systemic Risk Mitigation, (2) Premortem Analysis with a focus on cascading failures, and (3) Integration of Cybersecurity Standards tailored for autonomous electric vehicles (EVs). By addressing EV-specific vulnerabilities in charging infrastructure and telematics systems, we aim to significantly enhance the security of safety-critical cyber-physical systems, strengthen the resilience of interconnected industries, and contribute to broader economic stability.