With the recent hack of the U.S. Treasury, attention has shifted to the cybersecurity of financial institutions across the global market, where the stakes are equally high and the risks increasingly interconnected. Financial organizations, traditionally early adopters of cybersecurity measures, must constantly reassess their defenses as cyber threats evolve. Handling sensitive personal data and financial transactions makes them prime targets for cybercriminals, and they are both governmentally and contractually required to protect this information. However, the ever-evolving threat landscape, coupled with the unfortunate reality that criminals often stay ahead of defense technologies, forces these institutions to continuously adapt and innovate. A breach in security can lead to significant financial losses, legal consequences, and reputational damage, prompting banks, investment firms, and other global financial companies to constantly seek and address cybersecurity vulnerabilities. With the increasing reliance on mobile apps and digital platforms, the potential access points for cybercriminals multiply, demanding even more robust and dynamic protection.
Israeli Financial Cybersecurity Industry
As is the case with most of their cybersecurity innovation, Israel is recognized across the world for their foresight and creativity within the financial cybersecurity vertical. Focusing on areas such as fraud prevention, threat detection, secure payment technology, and encryption, their country has managed to be at the forefront of the industry for decades. While this is driven by many different factors, Israel cannot ignore the hostility of not only their neighbors but global governmental threats, who force them to be innovating at all times and stay ahead of all the possible threats out there. Another factor that forces innovation within the Israeli financial cybersecurity industry is the regulations that the country has. As is the case with a constant flow of threats, cybersecurity companies are under increased regulatory and social pressure to always be smarter than the criminals. We encourage you to explore these innovative companies further and reach out to The Israel Economic Mission to the South & Mid-West for more information, connections, or partnership opportunities.
- AppDome protects the people and businesses who rely on mobile apps. The AppDome product is the industry’s first no-code mobile app security and fraud prevention platform that enables anyone to build mobile app security features into any iOS or Android app instantly without coding.
- BioCatch stands at the forefront of digital fraud detection, pioneering behavioral biometric intelligence grounded in advanced cognitive science and machine learning. BioCatch analyzes thousands of user interactions to support a digital banking environment where identity, trust, and ease coexist.
- Forter’s mission is to build trust in e-commerce by eliminating fraud for online merchants and marketplaces. Forter delivers fully automated and highly accurate decisions in real time. Forter’s approach makes the customer experience easier and more secure, both of which boost revenue.
Contact Sydney@israeltrade.gov.il to connect with these leading companies.
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