The Intelligent Transportation Systems (ITS) is a leading-edge, developing idea that seeks to revolutionize how people and things move inside and outside cities. Internet of Vehicles (IoV) forms a networked environment that joins infrastructure, pedestrians, fog, cloud, and vehicles to develop ITS. The IoV has the potential to improve transportation systems significantly, but as it is networked and data-driven, it poses several security issues. Numerous solutions to these IoV issues have recently been put forth. However, significant computing overhead and security concerns afflict the majority of them. Moreover, malicious vehicles may be injected into the network to access or use unauthorized services. To improve the security of the IoV network, the Mayfly algorithm is used to optimize the private keys continuously. To address these difficulties, we propose a novel VESecure system that provides secure communication, mutual authentication, and key management between vehicles, roadside units (RSU), and cloud servers. The scheme undergoes extensive scrutiny for security and privacy using the Real-or-Random (ROR) oracle model, Tamarin, and Scyther tools, along with the informal security analysis. An Objective Modular Network Testbed in OMNet++ is used to simulate the scheme. We prove our scheme's efficiency by comparing it with other existing methods regarding communication and computation costs.
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