Cyberattacks on Israel Rose Exponentially in Past Four Years

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Cyber attack (illustrative).
Cyber attack (illustrative).Credit: Dreamstime

Cyberattacks on Israel rose exponentially in past four years

The number of cyberattacks on Israeli computers responsible for critical infrastructure has grown from hundreds or thousands a day four years ago to as many as two million in a day. Prof. Isaac Ben Israel, the director of Tel Aviv University’s Blavatnik Interdisciplinary Cyber Research Center, was speaking to TheMarker ahead of next week’s 6th Annual International Cybersecurity Conference, at TAU. “We discover between 200,000 and 2 million hacking attempts every day in Israel on critical infrastructure such as water, electricity and railroads, but they are well-protected,” Ben Israel said. While in a few cases hackers obtained sensitive information, they have not caused disruptions or damage. “In the last two years especially, we’ve learned how to identify hackers by their country of origin, by terror and criminal organizations or intelligence agencies and the level of threat. We can also identify their targets.” (Ora Coren)

Phoenix in joint venture with Arkin to invest in pharmaceutical startups

Phoenix Insurance and Arkin Holdings, the investment vehicle for pharmaceutical entrepreneur Mory Arkin, said Tuesday they had formed a joint venture to invest at least $61 million in pharmaceutical and biotech startups. Arkin Bio-Ventures, which is held 51% by Arkin Holdings and 49% by Phoenix, will invest in startups in Israel and abroad with promising technologies in their pre-clinical-testing stage, the two said. Phoenix declined to say how much of its capital for the joint venture will come from its nostro account and how much from funds it invests for policyholders. The move comes as the insurer seeks to diversify its investment portfolio in an era of low interest rates by increasing its exposure to non-tradable assets, said Elad Givoni, investment fund manager for Phoenix. He acknowledged the risks but said he hoped a partnership with Arkin would reduce theme. (Assa Sasson and Yoram Gabison)

Landa Digitial printing lands 450 million euros in orders

Landa Digital Printing took in 450 million euros ($506 million) in orders during the global printing industry’s flagship Drupa exhibition in Germany for its innovative line of printers that use digital technology for ordinary printing, the company said this week. The company was founded and is led by Benny Landa, who sold his first company, Indigo, to Hewlett Packard in 2002. It won orders from the Americas, Europe and Asia-Pacific, including orders for multiple units from a single buyer. First deliveries of beta models are slated for early next year, it said. Landa’s Nanographic Printing Presses are made in Israel and sell for $3 million to $4 million each. They use light-absorbing nanopigments that allow ink images to be converted into a very thin polymeric film that is then laminated onto the paper surface. The company also announced strategic partnerships with Quad/Graphics, the largest publication printer in the United States, and with Cimpress of he Netherlands, that could lead to orders for up to 20 printers. (Inbal Orpaz)

eLoan seeks Tel Aviv Stock Exchange listing

eLoan, an Israeli social lending startup, has made an offer to buy a shell company listed on the Tel Aviv Stock Exchange as a back-door route to becoming a publicly traded company. The company has petitioned Tel Aviv District Court to buy Hon Holdings after Hon shareholders approved the deal at an $11.5-million valuation. Hon is on the TASE’s maintenance list, meaning trading in the shares is restricted. Founded in 2013 and 20%-owned by investment house Meitav Dash, eLoan facilitates peer-to-peer loans of between 100 shekels and 1,000 shekels ($25-$250). It has arranged some 32 million shekels in loans at an average interest rate of 7%, with lenders getting on average a 5.4% return. The takeover terms call for eLoan shareholders to get 75% of the merged company and to share in the proceeds of two small companies that Hon controls which will yield it as much as 2 million shekels cash. (Shelly Appelberg)

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