Despite geopolitical tensions, the cyber sector is showing promising numbers, including an all-time high of $7.1 billion in exits.
Though the year may have been dominated by civil unrest over judicial reforms, the October 7th massacre and the war in Gaza, geopolitical tensions are known to increase interest and investment in cybersecurity companies — which offer protection from increasingly sophisticated attacks — even as other sectors suffer. Figures on the state of Israel’s cyber sector were released by IVC, a business information provider for Israel’s tech ecosystem, ahead of Cybertech Global Tel Aviv 2024, an international cyber event that opened on April 8.
