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Israel is the Go-To Address for Cyber Security

‘Everybody understands that you buy Swiss watches from Switzerland and information security from Israel,’ says CyberArk CEO.

By: Abigail Klein Leichman
Published: November 5th, 2013 in Business » Israel
CyberArk CEO Udi Mokady

Sony, the New York Times, Wells Fargo, the Bank of America and government webmasters across the world have found out the hard way that no computer network is immune to savvy hackers seeking to steal information and identities, compromise security or paralyze business.

As the global threat of cyber-attacks grows exponentially, so do companies that develop software to fight them off. Some of the world’s oldest and best-trusted players are headquartered in Israel (beginning with Check Point Technologies, founded in 1993), or have R&D operations here.

“Everybody understands that you buy Swiss watches from Switzerland and information security from Israel,” says Udi Mokady, CEO of CyberArk Software, Israel’s largest private cyber-security company since IBM’s recent acquisition of Israeli financial data security firm Trusteer. IBM now plans to open a cyber-security software lab in Israel.

Mokady notes that Israelis have had to innovate in both physical and cyber security in order to stay a step ahead of threats. “It’s a big part of our edge, and the customers know it,” says the CEO, who served in a military intelligence unit and holds degrees in law and management.

The term “cyber-attack” was not in everyone’s vocabulary in 1999, when Mokady co-founded CyberArk. Now it employs 300 people worldwide, half of them in the Petah Tikva R&D center that is hiring an additional 50 workers as the latest version of CyberArk’s security software suite rolled out last month. More than 40 percent of the Fortune 100 and 17 of the world’s 20 largest banks are counted among its 1,400 customers.

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Via ISRAEL21c

Related articles: Cyber Security, Business News, Israel News, Technology News, CyberArk, Trusteer, IBM
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