Israel is on the front of the battle against cybercrime. As in other developed countries, the Israeli government has been nurturing its cybersecurity industry over the past several years in a co-ordinated manner.
According to a special report released by the IVC Research Centre on the Israeli cybersecurity sector, 20% of all Israeli high-tech companies are operating in the cybersecurity industry, making it one of the country’s most successful branches and a source of innovation for information technology security specialists and defenders all over the world.
The Israeli cybersecurity sector has become increasingly competitive and attractive. 2017 saw more governments and multinational companies from various sectors, including banking and financial institutions, automotive systems and professional services, making a smart decision to engage with the Israeli cybersecurity industry. There are currently almost 420 cyber companies in Israel (Start-Up Nation Central) big and active enough to be backed by the major cybersecurity investors.
The public comment period of the long-anticipated regulation ends on July 11th. The proposed law combines elements of existing cybersecurity legislation with several significant innovations, including two key points: the need to develop an unprecedented type of framework for collaboration between the government, the private sector (start-ups, multinational companies, cybersecurity industry experts…) and Israeli universities; and the need to devote national efforts to develop innovative cyber defences and improve cyber security preparedness.
A pivotal role is assigned to the National Cyber Directorate (NCD) as a key driver of Israeli cybersecurity policy’s success, which raises some hackles among Israel’s privacy and democracy watchdogs: while the proposed law seems appropriate to help the country fend off damaging cyber attacks to its critical businesses and infrastructure, they are warning that the newly draft law is not healthy for a democratic country.
It gives “too wide an authority without enough checks and balances” said Dan Hay, the Head of the privacy committee of Israel’s Bar Association, who wish to submit an objection to the proposed law.
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