Vehicular ad hoc networks (VANETs) have been widely used in intelligent transportation system to provide safety and security alongwith reduction in traffic jam using vehicle‐to‐vehicle (V2V) and vehicle‐to‐roadside (V2R) unit communications. However, one of the major concerns in VANETs is to maintain the privacy and security of the sensitive information shared between vehicles and end‐users, as information leakage can influence any implemented solution in this environment. Keeping view on the above‐mentioned points, this paper provides a detailed survey on various types of attacks and possible solutions to handle these attacks. Using the proposed survey, a detailed taxonomy based upon the types of attacks and possible solutions to handle these attacks is proposed. Finally, various emerging open issues and challenges along with the security threats are identified and discussed in the paper. These open research issues motivate the communities to design new solutions to mitigate the existing new security threats in this area.
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