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As cyber wars escalate, Israeli tech gains an edge

02/04/2021

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.

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