For the first time, Israel’s cybersecurity investments have exceeded $1 billion in a single year, according to a Jan. 28 report by Start-Up Nation Central. Israel’s 450 active cybersecurity companies raised a total of $1.19 billion last year—a 47 percent increase since 2017 and a fourth consecutive record-breaking year of investments. “We will definitely see more and more innovative solutions and companies being founded, created and developed. In 2018, the industry started to gain traction ahead of the years to come,” cyber sector lead at Start-Up Nation Central and author of the report Nir Falevich said.
On Jan. 27, Israel sent a 130-member search-and-rescue team to Brazil to provide assistance in the aftermath of a major dam collapse that killed some 58 people and left at least 300 missing. “Following a situational assessment and discussions with local officials, it emerged that search and rescue is the main need at the Brazilian disaster site,” the Israel Defense Forces (IDF) said in a statement. The Israeli team is mostly comprised of military search-and-rescue specialists and medical officers. Due to the significant amount of flooding, members of the Israeli Navy’s Yaltam scuba unit are also part of the delegation. According to the IDF, the search-and-rescue teams will utilize radar, underwater sonar, cellular detection systems and drones to detect victims.
From Jan. 28-30, Tel Aviv hosted the largest annual cybersecurity event in the world outside of the United States. Cybertech 2019 brought together thousands of industry leaders, top executives, venture capitalists and government officials worldwide. The event attracted some 15,000 attendees from more than 80 nations. The speakers’ lineup included Israeli Prime Minister Benjamin Netanyahu, Director General of the Israel National Cyber Directorate (INCD) Yigal Unna, CheckPoint Founder and CEO Gil Shwed and many others.
On Jan. 8, the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation announced 7.3 million in funding for eight new collaborative projects between U.S. and Israeli companies. In addition to BIRD grants, which are funded equally by the United States and Israel, the companies will receive private sector funding, increasing the total value to roughly $20.4 million. The approved projects boost bilateral cooperation in a myriad of fields, including homeland security collaboration.
Type: Homeland Security Monitor