Israeli cybersecurity firms raised record $2.9 billion in 2020 amid pandemic

Times of Israel | Jan 21, 2021 at 1:57 PM
  • Israel’s cybersecurity industry posted a 70 percent growth in funding in 2020, raising a record $2.9 billion in 100 transactions as the coronavirus pandemic triggered a global transition to online activities, the Israel National Cyber Directorate said on Thursday.
  • As all things go digital amid the pandemic — from shopping to business dealings — hackers have been given a wider playing field in which to operate, and cybersecurity incidents have surged this year, from phishing to ransomware threats to attacks on hospitals.
  • The directorate invests resources in the field including in academic research, and this will “continue to drive the wheels of industrial innovation.