VentureBeat: Over the last several years, we have seen a burst of activity in the cyber-security domain here in Israel.
Though not all newly founded Israeli cyber startups will succeed, here are seven reasons why cyber-security will continue to be a driving force in the Israeli hi-tech ecosystem for the foreseeable future:
1. Threats are Mounting – Target, Sony, JP Morgan, Home Depot … cyber-attacks on enterprise and government institutions continue to grow in number, scope, capacity, degree of evasiveness, malicious intent, and level of damage. Israel’s own e-government site is one of the most highly attacked sites in the world. As the hackers’ sophistication and appetite for destruction grows, so must our defensive capacities.
2. Data is Exploding – As the amount of data that businesses manage expands exponentially, there is simply much more critical data to steal and, therefore, more data to protect – and that number will only rise. Recent studies by IDC suggest that the digital universe is doubling every two years and will have multiplied 10-fold from 2013 to 2020 – from 4.4 trillion gigabytes to 44 trillion gigabytes. Soon, we will be creating so much data per second that scientists will run out of words to describe it.
3. Access is Expanding – As enterprise data grows, so do the ways we access it: from mobile devices to the cloud to the Internet of things to wearables, etc. As the sensitive frontlines of data access continue to expand, cyber-innovation must scramble to keep up.
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