Vehicular Ad-Hoc Networks (VANETs) is a type of mobile ad hoc network (MANET) specifically designed for communication among vehicles on the road. VANETs enable vehicles to communicate with each other and with roadside infrastructure, forming a dynamic and self-organizing network without the need for a fixed communication infrastructure. Security concerns in VANETs encompass a range of threats, including Authentication and Authorization attacks, Sybil attacks, Denial-of-Service incidents, Location spoofing, and Eavesdropping. Privacy, on the other hand, is a paramount concern in VANETs due to the sensitive nature of location-based data, Identity Disclosure, and user consent Control. The paper emphasizes the necessity for robust security mechanisms and outlines specific requirements for safeguarding VANETs. Proposed mitigation measures, including cryptographic techniques and authentication mechanisms, are critically assessed for their effectiveness and feasibility. The findings provide a comprehensive understanding of the complexities surrounding privacy and security in VANETs, contributing valuable insights for the development of resilient and privacy-preserving vehicular communication systems.