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Together is powerful

Together is powerful

Blog  / Cyber

Adv. Jaffa Simon
For many years now, Israel's emergence and growth on the world's economic stage has captured the attention of national and private investors all over the globe. It is only in recent years, though, that this has come to include Japan. In the past few years, more and more Japanese corporations have opened R&D and sales centers in Israel, while business delegations are continually streaming into Israel. One of those companies which recently entered Israel is Fujitsu, the largest IT company in Japan and the fifth largest in the world.   Technological Relationships Business relations between the countries received a substantial boost, after Prime Minister Netanyahu's visit to Japan in 2014. The visit led to an historic R&D agreement that included a Memorandum of Cooperation and a Memorandum of Understanding, both designed to foster relationships between the two countries and create cooperative endeavors in technology. In July 2015, this lead to three distinct joint industrial R&D projects and on February 2017 both countries signed a bilateral investment treaty.   One of the attractive areas for Japanese companies is Cybersecurity; Japan has long recognized Israel's position in this area, and stands to benefit from Israel's knowledge base and growth. The agreement between Israel's Radiflow and Japan's NEC focuses on integrating cybersecurity with physical security. Another agreement, between VocalZoom Systems and Fuetrek, focuses on audio technology that hones in on a speaker's voice while eliminating background noise.   These agreements just scratch the surface of the potential this relationship creates. Japan has long been a world leader in technology engineering, and Israel's prowess in these areas has led to a sustained boom period in startups and technology investment. Together, the countries should be ready to build new technological opportunities in finance, technology, agricultural technology, the Internet of Things, Automotive, Cybersecurity, and much more.   Where Next? The interest factor is not a one way street. Israeli companies are also showing interest in investing in the Japanese market in various sectors. Both countries enjoy innovative entrepreneurs who are driven to constantly push the boundaries of technological development and advancement. This era of cooperation between Israel and Japan will most likely help to cement relations between the countries on various levels, such as mutual tourism and support in international forums.   Source: barlaw.co.il
Dr. Baruch Dotan
Your company faces potential threats every day from hackers and online criminals. Whether they are interested in stealing money, absconding with information, or just harassing and creating embarrassment for your organization, you need to be prepared to stop them. While you can gain a measure of protection by investing in antivirus and anti-malware software, your cybersecurity strategy needs to be built into your technological infrastructure. Investing now in a sound, broad-based approach to cybersecurity concerns can save you headaches, customers, and money.   Your Legal RisksAccording to the 2015 Global Risks Report from the World Economic Forum, the risk of cyberattacks, both in frequency and in severity, is only growing. As the devices and networks involved in what you do every day become more complex, more data is at risk, and there are more points of attack where cyberattacks can create problems for you.   The problems themselves can be severe. Under Europe's new General Data Protection Regulation, companies have duties not only to protect their customers' information but to respond and report quickly in the event of a breach. Failures in either area can result in large fines and other sanctions against the company. Further, failure to protect private or confidential information can lead to lawsuits against your organization for negligence, breach of privacy, or breach of contract when contractual obligations include the protection of confidentiality for customers or trade partners.   Creating the Right Cybersecurity StrategyWith the risks involved, creating a comprehensive strategy to combat cyberattacks is critical for your organization. This should begin with mapping and analyzing your entire system, identifying how and why data is stored.   Beyond this, your strategy should include testing to identify potential vulnerabilities. Scan your system constantly for evidence of existing infiltration. Work with programming experts who can attempt to breach your defenses, and can then create patches to eliminate those weaknesses before a cyberattack can occur.   On top of that, you must have in place the means and personnel to handle a cyber-attack crisis, if your system is breached. This should include, of course, what is required in order to repair the breach and end the data leakage, but also public relations experts and lawyers, in order to handle the crisis and what will most likely immediately follow – reputational issues, possible loss of business as well as lawsuits. And all of this must be handled in a quick and efficient manner; any delay has the potential to create catastrophic damage to your business.   Preparing your company to prevent cyberattacks and what happens after them represents one of the most important security investments you can make. Contact Barnea & Co. today to learn more about how we can help you protect your company.   Source: barlaw.co.il
Most people who think about leading global players in online security concerns think big: the United States, China, and Russia. Quietly, though, Israel has emerged as a world leader in this area. Known as “Start-up Nation” since the release of Dan Senor and Saul Singer’s 2009 book of the same title, Israel has created a culture of technological development and growth. It promotes learning and understanding in technology, both culturally and through its recruitment of top minds in service to the Israel Defense Forces (IDF), resulting in a country continually pushing the technological curve forward.   Service and Training Israel requires that all citizens over the age of 18 enlist in the IDF. The compulsory service requirement opens a large pool of candidates for high-level training. From this group, Israel’s 8200 intelligence unit has the opportunity to choose the best among them to train and serve in cyber intelligence. In turn, many of the best of these develop into the online security leaders for the government and private companies.   Invention From Necessity Israel’s focus on cyber security is no accident. Uniquely situated among nations often hostile to its interests, Israel must remain vigilant against the threat of attacks from military operations and computer operations. Its culture of innovation led to its myriad start-up successes, but the IDF focus comes from a nationwide focus on security, a focus that has led inexorably to the current mantle of the cyber security nation.   Growth Potential Several successful, high-profile intrusion events concerning various corporate and government networks clearly illustrate the burgeoning market for cyber security solutions. According to a recent January 2016 article on the leading Israeli business site, Globes, there were over 430 cyber security oriented enterprises, with 19 post IPO. The oldest Israeli cyber security company is Check Point Software Technologies (Nasdaq: CHKP), who (again according to Globes) has a market cap of over 15 billion.  Since 1993, Check Point Software Technologies Ltd. has expanded to the degree that they operate in hundreds of countries with technology partners such as IBM, Microsoft and others. Check Point is not the only cyber security company that has seen growth, as all the other companies, including Cyber Ark Software Inc. (Nasdaq:CYBR) have also experienced considerable growth. Israel’s national focus has led to a surge in online security development and expertise. The world continues to require more focus in these areas, and Israel is leading the way.   Source: barlaw.co.il
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