Cybersecurity professionals from Israel and around the world are meeting in Tel Aviv this week with policymakers, entrepreneurs, investors and academics, including some from INTERPOL and NATO. They will discuss cybersecurity threats facing the international community today and the latest advances in cyber technology.
The discussions and meetings, part of the 6th Annual International Cybersecurity Conference, also known as Cyber Week, will last till June 24. They are organized by Tel Aviv University’s Blavatnik Interdisciplinary Cyber Research Center, together with the Israeli National Cyber Bureau and Israel’s Ministry of Foreign Affairs.
Cyber Week 2016 will allow international corporations to network with policy makers, researchers and start-ups. The program will focus on the impact of cyber threats on commerce, technology, economy, academia, defense, and diplomacy, and will include lectures, a start-up competition, workshops and roundtables.
There are some 400 private and public cybersecurity companies active in Israel today and the industry has been growing at a roughly 15 percent rate in recent years, according to data provided by Tel Aviv based IVC Research Center, which tracks Israel’s high-tech industry. More than $300 million were raised by cybersecurity companies in Israel in 2015, in 72 financing rounds, IVC said.
“This amount represented a 50 percent increase compared to 2014, and we anticipate it will continue in 2016 as well,” Koby Simana, IVC’s Chief executive offices said in an email.
Globally, investment in cybersecurity companies reached an all-time high in 2015, rising to $3.8 billion compared with $2.8 billion in 2014 and $1.1 billion in 2011, according to New York based data company CB Insights.