An Keun-Baeg, CEO of KANAVI MOBILITY (L), Hong Seok-Min, CEO of FESCARO (R) (Source=FESCARO) On May 27, FESCARO (CEO, Seok-min Hong) and KANAVI MOBILITY (CEOs, Jung Jong-Taek and An Keun-Baeg) teamed up with a Memorandum Of Understanding (MOU) on cooperative development of next-generation controllers for SDVs (software-defined vehicles). KANAVI MOBILITY specializes in automotive electronics systems that develop automotive clusters (instrument panels), infotainment systems (IVI), and autonomous driving lidar sensors. FESCARO specializes in future mobility software solutions, developing automotive cybersecurity and next-generation controller software and hardware optimized for customers. Both companies plan to solidify the competitive edge in the SDV market by focusing on developing new businesses related to next-generation controllers which holds high future value. Starting with the IVI controller software development project for global automotive customers, they will continue to build a collaboration model to enhance development efficiency. They plan to create synergy through close partnership and controller development expertise. An Keun-Baeg, CEO of KANAVI MOBILITY, said, "With FESCARO, we plan to secure new momentum for growth and expand our market share by actively pioneering overseas markets based on global network.“ Hong Seok-Min, CEO of FESCARO, expressed his ambition: "To lead the SDV market, we will accelerate the development of next-generation controllers by utilizing the capabilities of both companies in future mobility technology."

FESCARO and NXP's Partner Program Logo Image (Source = FESCARO) FESCARO has now become the official partner of NXP, a world-leading automotive semiconductor company! We plan to cooperate more closely with the next-generation controller business required for automotive cybersecurity solutions and SDV (Software Defined Vehicle) through the partnership. FESCARO strengthened market competitiveness by installing NXP's latest high-performance semiconductors in self-developed security gateway controller. In just two years since the product was launched, FESCARO has achieved the success of winning a series of projects worth a cumulative 1 million units from passenger and commercial automakers. The security gateway controller is equipped with the latest security solution utilizing NXP Semiconductor's advanced security technology. This allows to detect security events that occur in vehicles in real time and quickly respond to security incidents. In addition, it is highly preferred by automakers as it responds to regulations related to cybersecurity and software updates (UN R155, R156) by managing the software and hardware configuration of all controllers deployed inside the vehicle. “By combining NXP’s latest semiconductor technology with FESCARO’s electronic system development know-how, we will contribute to helping our customers secure a competitive edge in the SDV market,” said Ku Seong-seo, CSO of FESCARO. He added, “FESCARO is also actively expanding the electronic controller solution business, which develops software, hardware, and controller platforms targeting the needs of controller developers.” FESCARO is a company specializing in future mobility software solutions. Automotive electronic system experts gathered up to develop automotive cybersecurity and next-generation controller businesses. Along with the software of electronic controllers, FESCARO designs and develops the hardware also, accelerating the development of next-generation controllers that create high added value in the SDV era.

Hyung-jin Kang, Vice President of HL Klemove (L), Seok-min Hong, CEO of FESCARO (R) (Source=FESCARO) On February 15, FESCARO and HL Klemove teamed up with a memorandum of understanding (MOU) on 'Automotive Cybersecurity Technology Collaboration.' This strategic partnership aims to cooperate in cybersecurity response for implementing SDVs (Software Defined Vehicles). The alliance will see FESCARO's cybersecurity solutions safeguard HL Klemove's autonomous driving products, paving the way for the global market. FESCARO, a future mobility software solution partner, develops automotive cybersecurity to next-generation controller business that creates high added value in the SDV era. FESCARO provides TARA (Threat Analysis and Risk Assessment), security solutions, custom engineering, and security testing to automakers and controller developers in response to cybersecurity regulations due to automotive electrification. In addition, by successfully consulting for the four certifications (CSMS, ISO/SAE 21434, SUMS, VTA) related to the United Nations (UN) automotive cybersecurity regulations (No. 155 and 156), we have secured various related success stories. HL Klemove, HL Group’s autonomous driving solution specialist, has secured over 2,200 patents and provides autonomous driving solutions to leading global automakers and electric vehicle startups. In addition, the company plans to complete the development of next-generation autonomous driving core products such as high-resolution cameras and high-performance autonomous driving integrated controllers by 2025. Seok-min Hong, CEO of FESCARO, said, “We expect that this collaboration, based on the autonomous driving and automotive cybersecurity expertise, will serve as an opportunity to lead innovation in future mobility.” Hyung-jin Kang, Vice President (CTO) of HL Klemove, said, “We will meet the needs of our customers and strengthen our global competitiveness through technological cooperation with FESCARO, a leader in automotive cybersecurity.”

In January 2024, a team of hackers who successfully hacked a Tesla and took control of the car received a total reward of $450,000. What's even more surprising is that Tesla directly participated in paying the prize money. Let’s find out what happened. In 2023, a whopping 95% of software-defined vehicle (SDV) cybersecurity incidents were caused remotely, with even half of them being large-scale attacks that could affect tens of millions of vehicles. Accordingly, the role of white hat hackers is becoming more important by identifying and proactively responding to automotive software vulnerabilities and preventing the spread of subsequent damage. Pwn2Own Automotive LOGO (Source = VicOne)Against this background, the global automotive hacking competition, Pwn2Own Automotive was held. It was significant in that it was the first exclusive automotive event of ‘Pwn2Own,’ a world-renowned hackathon famous for publicly discovering and demonstrating security vulnerabilities in various fields. It was implemented in earnest to provide a venue for discovering new automotive vulnerabilities and to publicize them to respond jointly with global automotive industry officials.This event was operated as part of the Zero Day Initiative program of the global software security company Trend Micro. It is designed to discover zero-day vulnerabilities (new vulnerabilities for which no computer patches exist) and respond quickly to them. As it is a hacking competition specializing in automotive, it was co-hosted with VicOne, Trend Micro's automotive cybersecurity subsidiary. Also, TESLA, which has been willing to provide vehicles to Pwn2Own, appeared as the main sponsor and got together to provide prize money worth $450,000.At the first Pwn2Own Automotive, which attracted attention globally, 9 major countries including the United States, Germany, and France participated. In addition, as future mobility was the focus, in-vehicle infotainment (IVI), electric vehicle chargers, and operating systems (OS), including Tesla vehicles, became targets of hacking, and as many as 49 new security vulnerabilities were discovered in a total of 3 days.  The winning team, Synacktiv (Source = businesswire) An information security company from France, Synacktiv won the competition by successfully hacking the Tesla modem (data signal conversion device), EV charger, and in-vehicle infotainment (IVI) sandbox system through vulnerability chain (a method of linking multiple security vulnerabilities). In particular, they successfully hijacked Tesla's entire IVI and gateway system over two days, vividly demonstrating the dangers of automotive cyberattacks. FESACRO was able to get in touch about this event through the global automotive cybersecurity association ‘Auto-ISAC.’ Auto-ISAC is a professional association where leading global companies such as Hyundai Motor Company, Kia, GM, and Mercedes-Benz share the latest information on automotive cybersecurity and cooperate to respond. Government agencies such as the FBI and CISA (Cybersecurity and Infrastructure Security Agency) in the United States are also participating as stakeholders and are actively working on future mobility security. FESCARO, which has great expertise in automotive cybersecurity, is at the forefront of the latest information as an Auto-ISAC community partner. By participating in various activities such as the association's technical seminars, monthly forums, and annual conferences, we feel the growing influence of white hat hackers. FESCARO's own red team, comprised of white hat hackers, has various success stories of effectively responding to the international automotive cybersecurity regulations (UN R155) by discovering various security vulnerabilities through professional security testing. We have secured over 100 test items and 200 test cases and are continuously developing and strengthening various simulation environments. If you're curious about the details, keep an eye out for FESCAO’s presentation at Auto-ISAC’s Annual Cybersecurity Summit this fall. In addition, FESCARO's red Team, which is being recognized widely in the automotive cybersecurity field, will also soon participate in various hackathons.

FESCARO was honored as ‘2023 Best Partner’ by the global automaker KG Mobility (KGM) at ‘KGM PARTNER’S DAY 2024’, the event to foster collaboration with its partner companies. Source = FESCARO The event featured KGM’s key policy presentations, including development plans and 2024 purchasing strategies, with 250 partner companies on site. Among those companies, 10 Best Partners were awarded with plaques. Source = KG Mobility FESCARO, specializing in future mobility software solutions, received the award in ‘technology innovation.’ The honor recognized FESCARO's contribution to the early acquisition of automotive cybersecurity certifications (CSMS, SUMS, VTA) and technology internalization, contributing to KGM's development and product competitiveness. Seok-min Hong, CEO of FESCARO, said, “It was a great honor to be selected as the Best Partner of KG Mobility,” pledging deeper partnership to sustain a global level of quality. FESCARO, recognizing the value of deep collaboration, will continue to strive for high synergy with our partners.

    CES 2024, the tech industry's global showcase, capped its Las Vegas run with a buoyant closing after four days of innovation. CES 2024 offered a glimpse into a near future where AI (Artificial Intelligence) permeates all industries. We delved into the key takeaways from this transformative technology in the mobility field.   CES 2024 at a glance   ​ ■ CES 2024 in Numbers Marking the 100th year of CTA (Consumer Technology Association), the organizer of CES, it yielded remarkable and intriguing data reflecting a century of innovation. CES drew various leading companies globally, including the field of mobility, with Korea (850) ranking third behind the US (1,148) and China (1,104) in participation. KG Mobility, which selected FESCARO as the ‘Best Partner in technological innovation,’ also participated showing wireless charging technology.   • 2.5+ million net square feet of exhibits, 15 percent bigger than CES 2023   • 4300+ exhibitors, including 1400+ startups within Eureka Park   • 60% of Fortune 500 companies   • 135,000+ attendees, a record 40+ percent from 150 countries, regions, and territories   • CES 2024 Innovation Awards program received 3000+ submissions, a record high ​   ■ All Together, All On   The theme of CES 2024 was “All Together, All On,” which means solving problems by combining innovative technologies across all industrial fields in a turbulent era where the boundaries between industries are collapsing. The five key themes were:   • Artificial intelligence (AI)   • Mobility   • Food & Agricultural Technology   • Health & Wellness Technology   • Sustainability & Human Security   The CTA has forecasted that artificial intelligence (AI) will be the leading trend across all industries, with its related technologies expected to be showcased in nearly every booth at the exhibition. Observations from numerous esteemed academics and business leaders have echoed this sentiment, underscoring the pervasive influence of AI. Notably, SK Group's Chairman, Chey Tae-won, remarked, "Whether we welcome it or not, it appears we have entered the era of AI." Additionally, the spotlight has turned to 'on-device AI,' a technology enabling AI models to operate directly on devices such as smartphones and cars. Qualcomm's CEO, Cristiano Amon, hailed this development, stating, "PCs equipped with on-device AI represent a revolutionary step forward." ​   ■ CES 2024 Keynotes     Keynote speech by HD Hyundai Vice Chairman Jeong Ki-sun / Source: CES     The keyword 'AI' also stood out in the CES keynote, symbolizing change and innovation. It was also impressive that HD Hyundai's Vice Chairman Chung Ki-sun made a successful debut as a keynote speaker three years after the company participated in CES. You can check out the full keynote videos here to see what visions were presented in various industries.     • Qualcomm CEO | Cristiano Amon : How to interact with our devices in the age of AI   • Siemens CEO | Dr. Roland Busch : Technology that enables leading brands to improve the way we live, work, move, and make   • HD HYUNDAI CEO | Chung Ki-sun : How comprehensive innovation in building smart infrastructure will shape a more sustainable future   • Intel CEO | Pat Gelsinger : The role of silicon and software in making AI more accessible     Mobility Companies @ CES 2024 ​   Unlike last year, which saw many automotive companies in attendance, reminiscent of a motor show, this year witnessed a notable reduction in car manufacturers showcasing actual vehicles and concept models. The spotlight was on a few, including Mercedes-Benz, Vietnamese electric vehicle maker VinFast, and Turkish electric vehicle brand TOGG. In contrast, the integration of mobility technology with AI took center stage. The global automotive AI market is expected to grow from $2.7 billion in 2023 to $27 billion in 2025. Source: The Economist (The Business Research Company)     Let's explore the innovative technologies that leading mobility companies showcased at CES, across various fields from mobilities (including vehicles and electronics) to air mobility, construction, and agricultural machinery. ​ ■ Automakers   1) Hyundai Motors Emphasizing software and AI, the company envisions a user-centric, AI-powered mobility ecosystem built on SDx technology, extending beyond SDV.   Source: Hyundai Motor Company     The company also unveiled the HTWO Grid solution, a strategic initiative designed to hasten the shift towards a hydrogen-based society. The 'HTWO' concept leverages the collective strengths and capabilities of the company's affiliates, offering tailored packages that are finely tuned to meet customers' diverse environmental conditions and demands throughout the entire hydrogen lifecycle—from production, storage, and transportation to utilization. ​ 2) KIA The company introduced PBV (Purpose Built Vehicle) as its upcoming core business, with a strategic vision to position itself as a frontrunner in the evolving future mobility market through distinctive PBV offerings. It also redefined the concept of PBV as a Platform Beyond Vehicle’. ​ Source: Kia     The innovation of PBV is set to reach its full potential with the ‘Easy Swap’ and ‘Dynamic Hybrid’ technology. Easy Swap is a technology that enables the seamless replacement of life modules to align with the consumers' preferences and needs, while Dynamic Hybrid is a technology that adapts to various customer requirements by adjusting size and height, and has the potential to revolutionize small-scale production of multiple varieties. KIA has partnered with Uber, a global ride-sharing service company, and agreed to cooperate to develop and supply PBVs optimized for Uber mobility. ​ 3) KG Mobility The company unveiled the Torres EVX, featuring technology for commercializing wireless charging platforms. KG Mobility revealed its collaboration with WiTricity, an American wireless charging company, and WITS, a developer of wireless power transmission and reception antenna modules, in the development of wireless charging technology. ​ 4) Mercedes-Benz Mercedes-Benz unveiled the MBUX Virtual Assistant based on generative AI and advanced software. This helps drivers communicate naturally through voice assistance services and high-resolution graphics. ​ 5) Volkswagen The company unveiled the first vehicle to integrate ChatGPT into its IDA voice assistant. It can control infotainment and navigation or answer simple questions. To ensure information security, ChatGPT does not access vehicle data, and questions and answers are deleted immediately. ​ 6) BMW The company has teamed up with tech startup XREAL to unveil its Augmented Reality (AR) glasses. The AR glasses provide drivers with a variety of information, including route guidance, hazard warnings, entertainment content, charging station information, and parking assistance visualization, all integrated into AR. ​ 7) HONDA The company introduced two concept cars, the ‘0 Series’ electric vehicles. The interior rear seat is designed with two seats facing each other, considering future autonomous driving. ​ ■ Electronics Companies ​ 1) Hyundai Mobis     Source: Hyundai Mobis     The company unveiled ‘MOBION’, a demonstration vehicle equipped with the ‘e-Corner System’. The e-Corner System is a technology that individually controls the four wheels to enable crab driving, diagonal driving, and turning in place. ​ 2) Samsung Electronics The company announced a collaboration with Tesla for ‘SmartThings Energy’. This initiative aims to connect Samsung’s SmartThings to Tesla's solar panels, Powerwall (home energy storage device), electric vehicles (EVs), etc. to monitor the amount of power and easily control it through the app. Additionally, Samsung Electronics has entered into a business agreement (MOU) with Hyundai Motors and KIA Motors to foster a 'Home-to-Car and Car-to-Home' service partnership. ​ 3) LG Electronics The company introduced the future mobility concept ‘LG αble’. Depending on the passenger's condition and situation, it changes into a space where you can relax like at home or work like an office, providing a unique experience.   It also collaborated with Magna, a global auto parts company, to develop and unveil a standalone platform that integrates the In-Vehicle Infotainment System (IVIS) and Advanced Driver Assistance System (ADAS). ​ 4) LG Display​   Source: LG Display     The company unveiled the 57-inch Pillar to Pillar (P2P) LCD, the world's largest automotive display, which won the ‘CES 2024 Innovation Award’, and the 32-inch slideable OLED, the largest of the existing slideable panels. The 57-inch P2P LCD extends across the dashboard from the driver's seat to the passenger's seat. ​ 5) Continental     Source: Continental     The company, together with Swarovski Mobility, presented a center display with a crystal structure. This display is made of crystal and has a frameless, translucent appearance that exudes minimalistic luxury. ​ 6) U Power The company introduced an electric car skateboard that only requires designing a body on the board without developing an electric car. Olympian Motors, an American electric vehicle startup, unveiled an electric vehicle using this U-Power's skateboard. ​ ■ Air Mobility, Construction & Agricultural Machinery ​ 1) Supernal     Source: Hyundai Motor Company     Supernal, an independent entity under the Hyundai Motor Group focused on Advanced Air Mobility (AAM), has revealed the physical model of their upcoming aircraft, the 'S-A2,' for the first time. Alongside this unveiling, they have announced their strategic vision for constructing the future AAM ecosystem. The S-A2 represents an eVTOL (electric vertical takeoff and landing aircraft) being developed by Hyundai Motor Group, with plans for commercialization by 2028. ​ 2) HD Hyundai Under the theme of 'Xite Transformation,' the company demonstrated its commitment to innovation to realize smart construction sites featuring unmanned and autonomous construction equipment, digital twins, eco-friendliness, and electrification. K-pop artist G-Dragon's appearance and VR experience with LG Vice President Chung Ki-sun drew significant attention. ​ 3) DOOSAN BOBCAT The company unveiled an unmanned, electric articulated tractor that will be used at future work sites. By incorporating AI, the equipment can detect pre-designated obstacles as well as obstacles without information and can stop work at its discretion if necessary. ​​ CES Innovation Awards - Mobility ​ Let's introduce the companies and products that have earned the prestigious CES Innovation Awards in the mobility sector this year! We take great pride that many of FESCARO's customers and partners have been honored with these awards. Congratulations to all! (The full list of CES Innovation Awards can be found here.)   Best of Innovation (Highest rated products in all categories) ​ • Honda | Motocompacto : Ultra-compact electric bike • AUO | Interactive Transparent Window : Transparent display integrated into side windows and controllers • HL Mando | Parkie (Parking Robot) : Autonomous robot valet parking solution   Honoree (Highest rated products in each category) ​ • VinFast | MIRRORSENSE : AI-based automatic mirror adjustment technology • HL Klemove | Tire-Sync : Smart tire sensors that provide road surface and tire condition information • HD Hyundai | XiteSolution : Active safety system that detects objects around the excavator • LG Display | 57" Oxide Pillar to Pillar LCD : The world's largest automotive LCD • Motrex | InCabin XR BOX : XR (AR/VR) platform for electric vehicles and L3/L4 autonomous vehicles • Magna | ClearView™ Vision System : Vehicle camera monitoring system • Continental | Radar Vision Parking : Innovative automated parking solution for SDVs • Ambarella | Centrally Processed 4D Imaging Radar Architecture : Centralized 4D imaging radar architecture • BANF | iSensor Real-time tire profile for fleets and Avs : Tire sensor-based real-time analysis system for tires and road conditions • CP6 | ACAT (Automated-driving Car Accident-analysis Tool) : Autonomous vehicle accident analysis system • Hisense Visual Technology | Vehicle Using Laser Projection Display : Display of vehicle data and road information through holographic AR HUD     At CES 2024, the dominant keywords that left a profound impact on the mobility sector were undoubtedly 'AI' and 'SDV.' The event provided a remarkable opportunity to witness the extensive applications of artificial intelligence across diverse industries, including personalized and modular products and platforms geared towards realizing SDV (Software-Defined Vehicle). Looking ahead, the future of automotive manufacturing appears poised to strike a balance between simplification and sophistication. Anticipations run high as we await the implementations and innovations stemming from the technologies unveiled at CES.   Embracing the "Hack the Mobility" spirit, FESCARO will also run forward in developing the mobility ecosystem through the most practical tech breakthroughs.

  FESCARO was honored as one of the ‘TOP 10 Automotive Solutions Providers 2023’ by CIOReview APAC.  Source : CIOReview APAC   An APAC-based tech magazine, CIOReview APAC recognizes top tech solution companies across diverse industries. FESCARO was honored alongside Elektrobit and Ambarella for top automotive IT solutions in 2023, recognizing the advanced technology that has produced notable achievements in the automotive cybersecurity solution field.  (Full list of awardees here) Source : CIOReview APAC   FESCARO, specializing in software solutions for future mobility, leverages white hat hackers and automotive electronic system developers to focus on next-generation controller business oriented to automotive cybersecurity and SDV (Software-Defined-Vehicle). To meet with cybersecurity regulations emerging from automotive electrification, we provide automakers and tier companies with a one-stop solution including TARA (Threat Analysis and Risk Assessment), security solutions, tailored engineering, and security testing. We have proven our expertise by obtaining the titles of ‘first in Korea’ and ‘only in Korea’ for the major international certifications related to automotive software and cybersecurity. Please check the article below for more details. It was written based on an interview with Hong Seok-min, CEO of FESCARO.  (Link to original article)   Source : CIOReview APAC ■ FESCARO : Enhanced Automotive Cybersecurity Solution for Future Mobility Automotive technology has evolved to the extent where vehicles are often referred to as 'running computers.' With software defined vehicles (SDVs) becoming more prevalent, the imperative for robust cybersecurity solutions has never been more pressing. This urgency is amplified by the intricate interconnectivity of modern car infrastructure and the widespread adoption of autonomous driving, both susceptible to an array of potential hacking threats. In the face of these challenges, FESCARO has emerged as an unparalleled leader in automotive cybersecurity dedicated to advancing 'Mobility for All.' FESCARO recognizes that cybersecurity is the first gateway to safe mobility innovation and the final gateway to future mobility. SDV cannot exist without cybersecurity. Due to this, automotive cybersecurity is being legislated internationally, and FESCARO is helping automakers and tier companies adapt accordingly. Its commitment is grounded in hands-on experience and successful cases, with optimized solutions for its customers. By playing the role of cybersecurity tier 0.5, FESCARO's comprehensive solution is being preferred by global SMBs and emerging automakers even more. “We stand as a trusted partner to support them with software solutions and tools for securing in-built vehicle systems against cyber-attacks,” says Seok-min Hong, CEO of FESCARO. To address the inadequacy of the existing hardware-centric approach to the evolving threats of cybersecurity, FESCARO has developed a one-stop software-based solution that can adapt as per cybersecurity needs. They have achieved a Grand Slam with the four major international automotive cybersecurity certifications (CSMS, SUMS, VTA, ISO/SAE 21434) related to UN R155 and UN R156.   ■ Redefining the Future of Automotive Industry SDVs signify a pivotal departure from traditional automotive models. Unlike static functions in conventional vehicles, SDVs operate on a flexible software platform, allowing continuous updates and additions akin to smartphones. This necessitates continuous development even after mass production, a significant departure from the hardware-centric approach. FESCARO, born from the collaboration of an automotive electronic system developer and a white hat hacker, leads this transformative shift. It focuses on solutions for automotive cybersecurity, next-gen Electronic Control Unit (ECU), and SDV, catering to the evolving market demands with practical and tailored methods. It does so by addressing the widening technological gap between large corporations and SMBs, ensuring ongoing development post-mass production in this software-centric automotive era.   ■ How Does FESCARO’s Solution Protect the Vehicle? FESCARO underscores the necessity of analyzing all internal and external aspects of a vehicle’s environment to ensure robust cybersecurity and advocates for a defense-in-depth system with a multi-layered strategy. The first layer employs a Security Gateway (SGW) for filtering inbound communication from external elements, scrutinizing and permitting only authenticated and valid messages. The second layer focuses on End-Point Electronic Control Units (ECUs), ensuring firmware authentication and validity. The third layer extends to external vehicle elements, including Vehicle-to-Everything (V2X) communication crucial for autonomous driving. Highlighting cybersecurity as an ongoing process, FESCARO emphasizes continuous response management. This involves a real-time incident response system integrated with IT infrastructure, featuring SGW and a security management system (vSIEM). The subsequent process includes analysis, research, and development, driving advancements in security technologies based on collected data. FESCARO's automotive cybersecurity solution, supported by internationally patented technology, is the first in South Korea to achieve FIPS 140-2 certification from the U.S. National Institute of Standards and Technology (NIST). This certification validates its security reliability for deployment by the U.S. Department of Defense. FESCARO also holds Automotive SPICE Level 2 certification, enhancing its software quality. The solution has successfully applied to 11 vehicle types from five global automakers.   ■ A Seamless Collaboration for the Best Results FESCARO understands and addresses automotive cybersecurity challenges across the vehicle lifecycle and value chain. The company actively responds to cybersecurity needs from development through production to post-production, engaging in in-depth interviews with client’s teams to comprehend their work status and interests. Using these insights, FESCARO crafts optimized workflows, leading end-to-end system development and operational management. It creates comprehensive IT-based systems that automate operations from the production line to maintenance, ensuring real-time vehicle connectivity. This collaborative approach has yielded notable successes, such as assisting K Group, a global automaker, in achieving three UN certifications (CSMS, VTA, SUMS) from 2021 onwards. FESCARO's comprehensive services include regulatory consulting, threat analysis and risk assessment, security solutions, engineering, testing, deployment, and IT infrastructure. In another achievement, FESCARO secured ISO/SAE 21434 certification for Kanavi Mobility, a global controller development company, in April 2023. These successes solidify FESCARO's expertise in the four major international automotive cybersecurity certifications. Success is rooted in the company’s goal, ‘Making practical breakthroughs to realize Mobility for All.’ Winning the award became a great opportunity to promote FESCARO's technology onto the global stage. We will actively expand overseas business, focusing on automotive cybersecurity essential to the SDV era and the development of next-generation controllers that create high-added value. 

FESCARO is a trusted cybersecurity partner for global automakers and their partners, helping them transition to software-defined vehicles (SDVs) with tailored automotive software solutions.  Let's find out a more detailed explanation of FESCARO, starting by reviewing last year's key achievements.   In 2022, FESCARO promoted the Cybersecurity Management System (CSMS) certification for Ssangyong Motor, was selected as the BIG 3 future car sector by the Ministry of SMEs and Startups, signed an official reseller contract with 'Electrobit' for AUTOSAR, signed MOU with AhnLab for automotive cybersecurity, and won new contracts to strengthen partnerships.   We were able to share such good news since FESCARO's business capabilities and expertise in its field have been highly recognized and evaluated. We will be glad to show you why FESCARO is special one by one. First, let's start by examining why automotive cybersecurity is necessary. ■ The reason why automotive cybersecurity was legislated In a hyper-connected society where everything is seamlessly linked through various devices, the value of automobiles as 'mobility' goes beyond being mere transportation and offers enhanced convenience in daily life. To achieve autonomous driving in the near future, cars must communicate in real-time with other vehicles, pedestrians, as well as diverse mobile devices and surrounding infrastructure. The convenience provided by the hyper-connected world cannot be free from issues related to security. It is because of being exposed to numerous hacking vulnerabilities. According to AltasVPN's 'Main Damages from Car Hacking Between 2010 and 2021', cyber crimes against cars are increasing day by day, and the damage is expected to reach about KRW 608 trillion by 2024.   So what will happen as a result of car hacking? Battery discharge or manipulation, tampering with the battery level, manipulating audio/visual/navigation data to disrupt driving, and steering control manipulation leading to unintended detours are some of the accidents that can occur due to car hacking. Car hacking threatens drivers, passengers, and pedestrians, making automotive cybersecurity essential, especially for autonomous driving.   The United Nations Economic Commission for Europe (UNECE) has enacted two regulations concerning this matter. The first is UN Regulation 155, which is the Cyber Security Management System (CSMS), and the second is UN Regulation 156, which is the Software Update Management System (SUMS). CSMS is an organizational process and management system designed to manage cyber threats and risks and protect against cyber attacks. SUMS refers to the methods, processes, and management systems for software updates in automobiles and control units.   Automotive OEMs seeking to sell vehicles in the European market must obtain both CSMS (UN R155) and SUMS (UN R156) certifications. Thus, automotive cybersecurity is now a crucial requirement for global expansion of OEMs. MarketsAndMarket, a global market research firm, predicts that the automotive cybersecurity market will grow at an average annual rate of 21.6% from 2021 to reach approximately KRW 6,385.4 billion by 2026. With these promising projections for the global automotive cybersecurity market, FESCARO is poised for notable growth. Let's take a look at why.  ■ What does FESCARO do? FESCARO is a specialized automotive cybersecurity company consisting of automotive electronic control system developers and white hat hackers. We offer a comprehensive all-in-one solution that effectively caters to the automotive cybersecurity regulations mentioned earlier. This includes CSMS certification consulting, TARA (Threat Analysis and Risk Assessment), security solutions, engineering, and security testing. Let's briefly explore each of these services.   1. CSMS certification consulting   FESCARO runs a 'consulting organization specializing in cybersecurity'. We provide fast and systematic analysis of the latest trends in relevant regulations (UN R155, UN R156) and international standards (ISO/SAE 21434, ISO 24089) related to automotive cybersecurity. FESCARO also offers tailored consulting services to provide optimized support for various requirements and situations of automotive OEMs/Tiers. FESCARO also provides practical guidelines cased on validated references, outputs, and templates from our own success cases, enabling more efficient responses. These guidelines can be applied throughout the entire process, from design to verification, validation, production, and operation.     2. TARA (Threat Analysis and Risk Assessment)   Automotive OEMs want to identify cybersecurity threats that may affect their vehicles and control units through TARA analysis, and accurately assess the risks associated with these threats. FESCARO has been proven capable of identifying threats that can occur according to the characteristics of each ECU and identifying vulnerabilities according to the risk level of each ECU. Based on experience of conducting TARA on over 150 ECUs, we can clearly identify potential security vulnerabilities, and the outcomes serve as a basis for security testing requirements.     3. Security solution (FAST™ HSM)   FESCARO provides security solutions specialized for automotive ECUs. We possess security features such as Secure Access, Secure Boot, Secure Flash, Run-time Tuning Protection, Secure Storage, Secure Unlock, and Memory Protection, which comply with international regulations and meet the security requirements of automotive OEMs. We have ensured reliability through the high compatibility of global automotive semiconductor solutions (supporting approximately 70 models from the top 8 global companies and continuous support for new chips) and the implementation of NIST FIPS 140-2 compliant cryptographic library (FAST™ CLIB), which has been designed, implemented, verified and validated.   4. Engineering   For Vehicle Type Approval (VTA), automotive OEMs require the implementation of security features in all control units. In order to apply the cybersecurity function without affecting the basic function and performance of each ECU, an accurate understanding of the security requirements must be preceded. FESCARO is led by a CEO with a Tier1 background, which was the first to apply cybersecurity technology to mass production in Korea. The development team consists of experienced professionals with an average of over 20 years of expertise in the automotive domain. We have a high understanding of the complex security requirements of automotive OEMs and can provide optimized engineering for various ECU characteristics.     5. Security test   The international regulation UN R155 (CSMS) mandates that security performance applied to automotives and ECUs must be verified and validated through security tests. Furthermore, the international standard (ISO/SAE 21434) recommends that security experts, independent of the development organization, conduct security testing. FESCARO possesses a dedicated red team of expert white hat hackers and state-of-the-art security testing equipment. With over 100 test categories and approximately 200 cases per category, FESCARO has the capability for systematic verification and validation, covering a wide range of control units from low to high specifications.     ■ Why is FESCARO special? 1. Experience in conducting 'company-wide' consulting for global OEMs   FESCARO provides effective consulting and solutions to address various international regulations and standards such as CSMS, SUMS, ISO/SAE 21434, and VTA, and is consistently generating successful case studies. Currently, we are conducting a company-wide consulting project to respond to cybersecurity (UN R155, CSMS) and SW update management (UN R156, SUMS) regulations for KG Mobility (formerly Ssangyong Motor), which sells cars in more than 100 countries. Last December, FESCARO obtained CSMS certification, and is currently in the process of obtaining SUMS and VTA certifications. In addition, in February of this year, Kanavi Automotive (formerly Humax Automotive) obtained ISO/SAE 21434 certification based on FESCARO's consulting services. FESCARO has a convergence view across the automotive value chain and lifecycle, as well as accumulated experience and know-how in electrification. Thanks to this, we are closely collaborating with various stakeholders not only in parts but across the entire spectrum in cybersecurity projects for OEMs and tiers.     2. Rich references validated from multiple perspectives.   FESCARO continues to deliver meaningful outcomes and achievements in various domains of automotive cybersecurity. As of the end of 2022, FESCARO has established a strong portfolio with more than 70 types of secure solution (FAST™ HSM) compatible chips, over 40 types of control units equipped with security solutions, TARA analysis performed on more than 150 control units, and more than 100 security testing assets with 200 test cases for each security testing item. This is one of the reasons why FESCARO is recognized as a leading cybersecurity company in Korea across industry, academia, and government.     3. International recognition for its security quality   FESCARO has established the quality and reliability of automotive cybersecurity through a prestigious global certification that closely adheres to international standards. In 2019, FESCARO obtained Level 2 certification in A-SPICE (Automotive-Software Process Improvement and Capability Evaluation), a development process assessment model for enhancing automotive software (SW) quality. A-SPICE, which stands for Automotive-Software Process Improvement and Capability Evaluation, is the application of the 'SPICE' standard for software development process improvement and assessment to the automotive domain. FESCARO's solutions are developed based on A-SPICE LEVEL 2, ensuring the quality and reliability of security software for vehicles.   Furthermore, in 2021, FESCARO obtained the rigorous FIPS 140-2 certification from the US government agency (NIST) for cryptographic algorithms and cryptographic modules, which form the core of FAST™ HSM. This recognition signifies that FESCARO's cryptographic library (FAST™ CLIB) is deemed suitable for use by the defense and government agencies of the United States and Canada. ■ FESCARO also makes ECUs? UN R155 (CSMS) mandates that any cybersecurity attack occurring in a vehicle must be promptly detected and effectively responded to. On the other hand, UN R156 (SUMS) outlines that automotive OEMs are required to implement comprehensive management tools and processes for software updates of automotives and ECUs. To meet these regulatory requirements, it is necessary to protect the communication between all control units connected to the vehicle network and systematically manage the changed software configuration of the control units.         FESCARO has completed the development of the essential security gateway controller(FAST™ SGW) required for future vehicles. FESCARO's FAST™ SGW protects the in-vehicle network (IVN) and can respond to the Software Update Management System (SUMS). Furthermore, our cybersecurity monitoring and incident response system infrastructure allows us to address cyber threats and attacks swiftly. By utilizing cutting-edge technology and high-performance main chipsets, we have ensured functional scalability. The FAST™ SGW is set to be incorporated into mass production for global OEMs in 2023 and will subsequently expand its reach worldwide. FESCARO is extending its business scope beyond control units to encompass the emerging Software Defined Vehicle (SDV) technology. This strategic move aims to position FESCARO as a leading future automotive software solution specialist, driving a paradigm shift in the automotive industry. With aspirations to become a key player in the future mobility sector based on SDV, we invite you to anticipate and watch our endeavors closely this year!