The state of Israel is one of the forerunners when it comes to innovation in cybersecurity. Due to necessity the country has developed so much that it has now become a world-renowned superpower. Due to increased cyber warfare and the attacks being disregard of borders, Israel was constantly prone to cyberattacks. They have invested a significant share to plan protective measures accordingly. The digital defense is one of the segments where commercialization has shown productivity. Almost 20 percent of the ventures from outside are for cybersecurity and in Israel, almost 450 firms are actively working. New York is considered as the finance capital of the world so cyber threats are inevitable.
Hackers are drawn towards the sensitive information that is within the world’s best banks and financial institutions. To create jobs as well as secure a massive portion of the commercial sector almost $100 million investment is being proposed to make New York the global capital for cybersecurity. MD of CyberNYC, Wilson Lin stated that they are scouting for partners from various countries and cities. Their sole focus is to find the ideal partner who can contribute majorly to cybersecurity. He furthermore added that they ended up partnering with various Israel based teams.