Updated 6:32 p.m. ET

(Bloomberg) -- Fiat Chrysler Automobiles NV waited 18 months totell federal safety regulators about a security flaw in radiosbeing installed more than a million vehicles that hackers laterexploited to seize control of a Jeep last month.

The automaker says it was working on a fix and didn't considerthe problem a safety defect. But the National Highway TrafficSafety Administration saw otherwise. Eight days after beingnotified by the company, the agency pushed Fiat Chrysler last monthto recall 1.4 million cars and trucks -- the first recall promptedby cybersecurity safety concerns.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.