https://cyberstartupobservatory.com/wp-content/uploads/2018/10/Observatory-Israel_Fourth_Edition-October_2018.pdf
Last year, Tom Bossert, former White House homeland security and counterterrorism adviser, disclosed the new partnership to combat cyberattacks during remarks at an annual cybersecurity conference in Tel Aviv.
“These high-level meetings represent the first step in strengthening bilateral ties on cyber issues following President Trump’s visit to Israel,” Bossert said at Cyber Week 2017, according to Reuters. “The agility Israel has in developing solutions will innovate cyber defenses that we can test here and bring back to America,” the White House aide continued. “Perfect security may not be achievable but we have within our reach a safer and more secure Internet.”
The strengthening of the U.S.-Israel partnership makes great sense on many levels including the rate of investments, collaboration and technical capabilities, government support, and resourcefulness.
The New York data firm CB Insights notes that Israel, the country with the world’s 100th-largest population, signed the second-largest number of cybersecurity deals internationally last year. And according to a report published by Startup Nation, investors poured a record-breaking $815 million into the Israeli cyber ecosystem in 2017, totaling some 16% of all global investment in the cybersecurity industry, despite Israelis making up only about 0.1% of the world population. The report states that “Individual hackers are now armed with state-level cyberattack capabilities.”
According to YL Ventures, the global cybersecurity incursions of 2017 illuminated the continuing role that innovation plays in information security and defense. They believe that Israeli startups will continue in 2018 to leverage the immense pool of local talent to build comprehensive solutions addressing global markets.