[ISN] Start-ups ride a cybersecurity wave into Israel

http://www.timesofisrael.com/start-ups-ride-a-cybersecurity-wave-into-israel/ By David Shamah The Times of Israel June 17, 2013 There are two big “waves” set to hit Israeli hi-tech in the coming year, according to Gadi Tirosh, a general manager at venture capital fund Jerusalem Venture Partners. One wave will consist of new companies working in the cybersecurity space, as protecting government, enterprise, and consumers from hacking, online espionage, and cyber-terrorism becomes even more vital than in the past. The second wave concerns the place where many of these security-oriented companies will set up shop — Beersheba, a city which will soon host many of the IDF’s advanced technology facilities. As the city grows, multinational giants, like Deutsche Telecom, Ness Technologies, EMC, and others are setting up R&D facilities in the city, drawing from the graduates of Ben Gurion University’s large body of engineering students. It’s the perfect place, said Tirosh, for JVP to set up its new cybersecurity incubator. “As computer attacks get more sophisticated, they are more difficult to prevent,” Tirosh told the Times of Israel. “There is a big demand for advanced technology to keep cyberspace safe, and we are actively recruiting companies working in this space that have promising technologies. Beersheba, with its high-tech environment created by Ben Gurion University, the IDF’s large tech facilities, and international R&D facilities, will provide a very supportive environment for our startups. It’s a triangle that will benefit everyone involved,” Tirosh said. Not long ago, Israel was faced with a major denial of service (DDOS) attack organized by hacker outfit Anonymous, in which hackers tried to overload Israeli computers and choke them with an excess of data. Attacks like those aren’t what Tirosh and many other cybersecurity experts are worried about these days; DDOS attacks are an annoyance, but there are strategies companies and countries can take to prevent them from causing damage; Israel itself utilized many of these techniques during the Anonymous-led #OpIsrael hack attack in April, and as a result, the attack, which was supposed to “destroy Israel’s presence on the Internet,” turned out to be a bust. […] _______________________________________________ ISN mailing list ISN@lists.infosecnews.org http://lists.infosecnews.org/mailman/listinfo/isn_lists.infosecnews.org