The secret is out. TechCrunch recently featured Israel as the epicenter of innovation in the world of cyber security. Today some of the greatest minds in the area have focused their considerable intellect on developing technology to stay ahead of an increasingly sophisticated and ever-changing threat matrix.
With deep expertise gained from years of working in 8200, the elite intelligence unit of the Israeli Defense Forces, leading specialists have turned their attention to address the growth of cybercrime and help global enterprises and consumers combat the diverse threats they face on a daily basis.
Clearly, investors have recognized the area’s potential. The recent Varonis and CyberArk IPOs were highly successful – and today for example, CyberArk is currently worth $2 billion! Since 2013, more than 15 Israeli cyber companies have been acquired in deals valued over $2 billion in total.
But those are just the high profile companies. In the article, Adam Fisher and Netanel Meir of Bessemer Venture Partners noted that –the sheer scope of Israeli startup activity in the cyber sector is staggering.
To assist busy CISOs in their attempts to understand the full extent of the new solutions, Bessemer put together their Israel Cyberscape map to highlight leading innovators.
Now, let’s take a look at how illusive networks fits into this landscape.
Rethinking Cyber Security: The Rise of Deception
Who would have thought an “If you can’t beat them, join them” mindset would lead to cyber security success? The truth is that cyber attacks are becoming increasingly sophisticated, and businesses are struggling to keep up.
As a result, we’ve witnessed attacks on Home Depot, JP Morgan Chase and Sony Pictures in this past year alone.Innovative cyber security companies have started thinking outside of the box to deceive cyber criminals into thinking they’re accessing valued assets, when instead they are chasing carefully designed lures onto a false path.
Deceptive cyber security methods use fake computers, credentials, endpoints, files and other elements to trap attackers and allow businesses to track their activity. Understanding what an attacker is after gives enterprises a chance to identify their weak points and bolster their defenses.
Deceiving cyber criminals can be tricky, but with the U.S. Air Force investing $98 million in cyber deception in 2015, it’s apparent that the approach is on the ris
Meet illusive networks: A Cyber Deception Leader
In the TechCrunch article, illusive networks is listed as a leader in deceptive cyber security solutions. Our company turns dangerous data breaches into company assets. When attackers unknowingly use artfully crafted illusive deceptions in their network infiltration work, they are instantly identified as malicious intruders.
This solution augments traditional solutions such as firewalls and intrusion detection systems and fights cyber crime at its source – the attackers.
illusive networks is a prime example of the types of innovations that are coming out of the thriving Israeli cyber security startup scene. Functioning under the Team8 platform, illusive networks is uniquely equipped to solve increasingly sophisticated cyber security threats.
Team8 was formed by experienced Israeli Defense Forces leaders who consistently question why companies can’t keep up with the rapidly changing threat landscape.
Embracing Israeli Innovation
Despite the fact that 83% of security professionals feel that cyber attacks target organizations of all sizes, just 38% feel their organization is prepared to deal with them. With innovative defensive strategies, companies can begin mitigating the potential $40,000 per hour losses associated with DDoS attacks and other cyber threats.
CISOs at large financial institutions and other big corporations often don’t have the time to investigate emerging solutions from startups. However, Israeli innovation is proving to be powerful and pioneering enough to make a global difference.
If the definition of insanity is doing the same thing over and over again and expecting a different result, it’s time for security professionals worldwide to consider the game changing solutions emerging from Israel's "Silicon Sands".
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