COVID-19 is the age of corporate cyber-attacks - opinion

• Author: YEVGENY DIBROV
• Published date: 05 October 2021
• Publication title: Jerusalem Post, The: Web Edition Articles (Israel)

The dramatic pivot to remote working was further compounded by ever-increasing levels of cyberattacks against this newly connected world and its many weak points. We often don't hear about these incidents since companies are hesitant to discuss breaches in their security. They are reluctant to share awareness of their failures. Between 2019 and 2020 ransomware attacks rose by 62% worldwide, and by 158% in North America respectively.

The incentive for cybercriminals and undertaking ransomware attacks, in particular, keeps growing since businesses are more willing to pay ransoms than ever before. According to New York Magazine, more than half of ransomware victims in 2021 paid up to gain access to their own information. However, only a quarter of these firms regained full access. The only way to stop these vicious attacks is to prevent them with strong cybersecurity.

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With such challenges comes opportunity. Now, more than ever, the importance of protecting your organization from a cyberattack is clear. The ever-increasing level of cyber-attacks has led to a rise in valuation of many cybersecurity companies like Armis.

The acute need for cyber protection is reflected in the fast growth in the number of unicorns in Israel. We were in the right place at the right time, offering smart and unique aid where it was much needed to help organizations face these new challenges. This is an area in which Israel is uniquely positioned to capitalize.

Our solution, for example, provides complete visibility to all devices and assets, including IoT (Internet of Things), medical devices, industrial controllers, IP (Internet Protocol) cameras and many more – allowing enterprises to embrace IoT as part of their digital transformation, with full visibility and security overall assets. We analyze and classify these devices to identify risks or potential cyber-attacks and provide essentially a real-time live "map" of the organization.

Another advantage for the cybersecurity market from this "new normal," is the legitimacy for global companies to have their headquarters based outside the US. What used to be a barrier for Israeli companies has dissolved and been replaced by the possibility...