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As cyber wars escalate, Israeli tech gains an edge
[YNet] - 2020 will go down in history as the year of the war against the coronavirus pandemic. However, although invisible to the eye, another battle has been waging in the wake of the online migration caused by people being forced to remain at home: the cyber war. The string of attacks on online services reached its peak with the exposure of the large Russian cyberattack on U.S. government institutions and companies who exploited a loophole in SolarWinds software, which lent the attack its name. The Israeli cybersecurity sector, which is considered a world leader in the field, finds itself at a key moment, which positions it to benefit from the escalation. Over the past year, against the backdrop of the growing need for cyber solutions, the local industry’s exports climbed by 20% compared to the previous year, hitting a new peak of $10 billion. And so, a single industry, which employs only 1% of the workforce is responsible for 10% of total exports and a third of all tech exports.Israel itself is on the top of hackers’ target lists. Last December, F5 Networks reported that Israel was the most attacked country in the world during the third quarter of 2020, with 180,000 identified attempts. "Although Israel is multi-talented in the cybersecurity arena, it falls victim to cyberattacks that aren’t always sophisticated, and that’s a reminder that vulnerabilities can be exploited anywhere, and basic information security infrastructure must be bolstered," Aran Erel who F5’s Israel operations said. The Israeli cybersecurity sector is made up of around 500 companies: publicly traded gants like CheckPoint Software Technologies and CyberArk alongside private companies like Imperva, SentinelOne, Cybereason Labs, Forescout Technologies, and Snyk. Israel is second only to the United States in the global share of active cyber companies: 59% of cyber companies operate in the U.S., while 13% operate in Israel. The other 28% are dispersed over more than 100 different countries. In addition, foreign cyber companies like Palo Alto Networks have Israeli founders or operate large R&D centers in Israel. At the start of 2021, Israel is in an excellent opening position. The local industry is robust and attracts many investments, can lead to a significant increase in exports, and create new jobs and professions. Posted by: g(r)omgoru 2021-04-07 |
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