Cybersecurity is an essential field in the Israeli economy, and in recent decades, Israel has developed technical expertise in the area. The demand for experts in this field is high in an era of cyber warfare and crime. According to IVC Research Center, in 2021, the
in Tel Aviv amounted to 23. This industry had the highest number of exits in the high-tech sector in the city that year. Some exit deals are significant, including M&A and buyouts of high value. Cybersecurity companies in Israel offer diverse protection solutions for a multitude of cyber threats, especially data security. Estimates showed that the
will gradually increase to 1.43 billion U.S. dollars by 2028.
Cybercrime is a major concern
Like many countries, Israel faces various cybercrimes regularly. According to a government survey conducted in 2021, information theft or illegal use or distribution of data constituted the
most common type of cybercrime that year. In addition, there are personal threats and sexual harassment online. Social networks are used as a platform for these types of crime. When examining the identity of cyber victims, men and women are targets of cybercrimes almost equally. According to another Israeli survey, the
share of cybercrime incidents among men in Israel reached 6.9 percent. It was slightly higher than the women's share of cybercrime victims, which stood at six percent.
A high number of cybersecurity companies
Many cybersecurity companies operate in Israel. In 2021, the
number of active Israeli cybersecurity companies amounted to 469. The number of firms in this sector gradually increased in the last decade. 2022 was a challenging year in the Israeli high-tech market in terms of growth, and indeed the annual
number of investments in local cybersecurity companies decreased slightly to 99 compared to last year. However, since 2015 the number of investments has gradually increased. The most successful cyber security company in Israel is Checkpoint. The company is known for developing VPNs, Firewalls, and other advanced cybersecurity solutions. In 2021, the
number of investments in local cybersecurity companies reached 2.2 billion U.S. dollars. This was an increasecompared to the previous year.
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