Unlocking Next-Generation Digital Protection

Written by David Teffaine, Director of Partnerships and Business Engagement

Cybersecurity technology is one economic sector where Israel is known to have significant global competitive advantage. Over 30% of the world’s cybersecurity companies are headquartered in Israel. This technology has both tremendous commercial potential, especially considering the needs of the medical and banking sectors, and is crucial to the homeland security of all major nations in the world. To illustrate how dangerous cyberattacks can be, The Center for Strategic and International Studies has a timeline of significant cyber attacks on the developed world, dating from 2006-2024. Regarding commercialization of the technology, global financial institutions are always eager to do business with cybersecurity firms. This is due to the major liability carried by banks and insurance companies, and the commitment they have to anti-money laundering efforts. AML is so lucrative to avoid reputational damage and legal liability to banks, that in Canada and the United States it is estimated a single institution would spend up to $1 Billion USD on protective technology, which is the target market for many cyber companies.

Globally, the data privacy market is expected to exponentially grow, from $5B USD in 2025 to an enormous $45B USD by 2032. There has never been a better time to enter the industry!

Cybersecurity is also becoming more complex, regarding the architecture behind the software, according to this report. It outlined six main drivers of cybersecurity complexity, which again provides a major opportunity for Israeli companies with new or existing cyber-tech to weigh their response to these factors. They are:

1.????? Supply chain vulnerabilities – multiple areas for a breach

2.????? Geopolitical risks – cyber espionage creates perverse incentives

3.????? AI and security risks – only 37% of companies have AI regulations in place

4.????? Advanced threats – cybercriminals are accessing new technology from rogue states

5.????? Regulatory challenges – 76% of CISOs report legislators are inconsistent

6.????? Cyber workforce shortages – only 14% of companies have necessary personnel

With the predicted increase in funding, alongside heightened risk driving innovation and necessity, the next seven years will bring about history’s most lucrative cyber-security era to date.

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Below are some top Israeli companies seeking to expand their operations with our Mission:

1.????? CyberGlobes LTD - Cyberglobes is a global vendor specializing in web intelligence, cybersecurity, AI and Big Data Analytics solutions. They provide law enforcement and government agencies with cutting-edge tools to collect and analyze content and metadata from Internet media, enabling them to prevent and combat criminal activities in the digital realm.

2.????? Memcyco LTD - Their technology detects, protects and responds to cybersecurity attacks in real-time, and locks out fraudsters. It secures millions of customer accounts, reduces incident remediation costs, and decreases the impact on workload, compliance, churn and reputation. One of the leading choices for anti-money laundering software.

3.????? Element Security - This platform manages external attack surfaces using offensive security, enabling security teams to handle thousands of assets. It continuously exploits customers' external assets, providing a complete attack chain for swift issue identification and resolution, while eliminating alert fatigue. This software is agentless with a proven impact: easy implementation with only domain scanning permissions required.

4.????? Cyber 2.0 – Winner of the Frost & Sullivan Best Practices, New Product Innovation Award for 2024, Cyber 2.0 leverages “Zero Trust Technology” to protect entire system architectures from any potential breach. They offer a unique solution that combines EDR, NAC, SOC, Forensic Capability, Zero Trust, and Network Obfuscation elements that is a combination unlikely to be seen anywhere else.

5.????? Cryptolon – The Cryptolon team has developed an exclusive Ethernet encryption product that is fully compliant with requirements of highly regulated critical industries (CI), and deployed at government entities alongside other sectors. Such projects often face high entry barriers due to hardware and software compliance requirements, which can take many months to achieve. Cryptography is an ever-evolving science, and despite long sales cycles, Cryptolon has now seen multiple commercial successes.