The Prime Minister of Israel Benjamin Netanyahu: “Israel is one of the five global cybersecurity superpowers and moving to become #1”.
Yuval Steinitz, member of the Knesset and Minister of National Infrastructure, Energy and Water Resources: “As we speak now the Israel Electric Authority has been hit by cyberattack”.
Action, creativity, entrepreneurship and enthusiasm are undeniably here.
- There are currently about 400 cybersecurity companies in Israel. According to a report of the Israel Venture Capital (IVC) Research Center the Israeli cyber security companies raised a record $540 million in 2015, up 20 percent from a year earlier. 18 Israeli companies were also acquired last year for a total of $1.2 Bln. The average cyber exit in the past five years stood at $78 million. IVC forecasts growth to continue in 2016.
- Estonia is moving fast to become all digital government: e-residence program, unified digital medical records database, e-elections.
- Netaniahu: “International cybersecurity standards do not work for us. It’s every government for itself when it comes to cybersecurity though we do our best to cooperate with our allies.” Loose quote.
- Built-in vs. bolt-on solutions. SOCs are on rise but SOCs are expensive. Only 1% of companies can afford SOCs. Large vendors are proponents of integrated approach. Small vendors argue that point solutions can significantly reduce risk at fraction of cost.
- IT security budgets increased from 4% to 14-15% of IT budget. This trend can’t go on forever. Bottomline and productivity remain the main objectives of business, not cybersecurity. Cost-effective cybersecurity is the name of the game for years to come. “Balance of productivity and cybersecurity, cost-effective cybersecurity”, Nadav Zafrir, Former Commander of Unit 8200 (Israeli version of NSA).
- Deception networks, moving target approach are cost-effective cybersecurity technologies with high growth potential. HP Enterprise and TrapX security offer deception grids, Morphisec offers moving target defense.
- “Notion of perimeter security has been obliterated. It’s all about identity. 90% of attackers just walked in.” Zulfikar Ramzan, CTO RSA
- IoT: What about security of things? No clear concepts. No plan survives contact with the enemy. We’ll figure out how to secure IoT in the course of battle. A lot of blubbering “Will an internet-enabled toaster-oven attack an internet-enabled fridge? Will they conspire to become an army of bots?”
- According to a recent market study Apache Spark Market Forecast 2017-2020 the cybersecurity log analysis is the fastest growing segment of the Apache Spark market, likely to double by 2020.
- Very low signal-to-noise ratio, too many banalities mixed with Israeli boasting and chest-beating – “we are cybersecurity superpower, we are startup nation”. A lot of retired generals turned politicians and administrators who hardly know how to use computer yet preaching vigorously “cyber” slogans and mantras.
- Almost every presentation begins with “lines between physical and digital domains blurred”.
- Almost every presentation finishes with “we make world a safer place” message.
- Racket message “either you pay for better protection today, or helplessly watch how your systems will be disrupted tomorrow”.
Funny bit: Cyberbit evokes images of Bonnie and Clyde to illustrate its cybersecurity concept (cyber criminals targeting small entities, importance of threat mapping).
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