Haaretz on the Israeli companies leading the fight against cyber attacks:
Israel is considered to be an international cyber superpower, and is trying to brand itself accordingly. Check Point was founded by three newly released Israel Defense Forces veterans who specialized in information security. It was among the very first companies in the world to develop software to protect computer networking – including some of the earliest firewalls – and was a great success from almost the get-go. Many other Israeli companies were established in its wake, some by people who had previously worked for Check Point itself.
The information security market is estimated to be worth some $60 billion a year. Israel’s National Cyber Bureau in the Prime Minister’s Office estimates that Israeli companies hold a 10% share of the global information security market. Many firms whose operations were never historically in the security field are now expanding their presence into the industry. For example, Verint – whose main business was in intelligence systems for military and government institutions – decided to expand its operations in the cyber industry into civilian markets. Elbit Systems, which develops military systems, also established a subsidiary named Cyberbit, which has bought the cyber division of NICE Systems.
The growth of the cyber industry has attracted a huge number of investors. This demand led to the creation, last November, of the first Cyber Security exchange-traded fund (ETF), which tracks an index of 31 stocks. “The fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ISE Cyber Security Index,” states PureFunds, the company behind the ETF.
Need any more convincing that Israel was involved in the development of Stuxnet with the United States? The country does cyber exceedingly well, both on the nation state side of the street as well as the business side.