June 3, 2015
TEL AVIV — Israeli companies exported some US $6 billion in cyber-related products and services last year, a peak figure which surpasses the amount of Israeli defense contracts signed in 2014.
The latest data from Israel’s National Cyber Bureau (NCB) shows a surge in cyber exports from US $3 billion in 2013 to $6 billion last year. According to NCB, that constitutes about 10 percent of the estimated $60 billion global cyber market.
And when compared to Defense Ministry figures of $5.66 billion in new contracts signed in 2014, it means that for the first time, Israeli firms tallied more in cyber orders than in traditional aerospace and defense business.
