Tags Cybersecurity Regulation Startups
Various regulations worldwide (e.g. the General Data Protection Regulation (GDPR), the U.S. Foreign Account Tax Compliance Act (FATCA), the Payment Service Directive (PSD2) and anti-money laundering (AML) measures) have supported the rapid growth of the global cybersecurity market. In fact, the global cybersecurity market is expected to reach USD 170 billion by 2020. The top areas for growth within this market include security analytics, threat intelligence, mobile security and cloud security. Within this context, Israel has emerged as the global leader in cybersecurity solutions. In fact, cybersecurity has become the country’s main export segment, generating approximately USD 6.5 billion in 2016. Moreover, more than 10% of all global investments into cybersecurity are made in Israel. In just the first half of 2017 for example, Israeli cybersecurity startups raised USD 434 million, a number expected to continue to increase for years to come.