In the next round of violence between Israel and the Palestinians, Israel should prepare for massive cyber breaches to critical infrastructure that may do real damage and bring in a new element to war, warned Yuval Shachar, the executive chairman of the leading Israeli cybersecurity think tank Team8. The warning was one of several observations made by Shachar at a conference in Tel Aviv this week that brought together leading Israeli figures in the tech ecosystem to unpack trends and forecasts for the next five years in fields such as cyber, artificial intelligence, robotics, digital media, automotive, blockchain, and e-commerce.
Shachar took a half-joking tone to say that “2017 was a scary year” in the cyber world, noting major hacks like the WannaCry ransomware attack and the Equifax breach, “and 2018 will be worse.” In 2017, he said, damage from ransomware attacks cost an estimated $5 billion, according to a 2017 report by Cybersecurity Ventures, up from $325 million in 2015. And the potential for even greater damage is high, as industrial networks, government agencies, and even national elections, especially in developing countries, are exposed, Shachar said.
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