Articles by November, 2023

Palo Alto Networks, a prominent player in the cybersecurity industry, has announced its acquisition of Dig Security, an Israeli company known for its cutting-edge technology in real-time detection and response to information leakage threats from various cloud platforms. While the official acquisition amount was not disclosed in the announcement, reliable sources suggest the deal is valued at approximately $315 million, with potential for additional tens of millions of dollars to be added

In response to the ongoing "Iron Swords" war, Israel's Finance Minister, Bezalel Smotrich, and Defense Minister, Yoav Galant, have unveiled a comprehensive financial aid package aimed at supporting the nation's reserve officers and those affected by the conflict. This financial relief package, contingent upon government approval, includes a range of benefits to ease the economic burdens resulting from the war

As the fifth week of fighting continues in the region, Israel is facing a high level of uncertainty on the military front, while the home front shows signs of adjusting to a new normal. Despite the ongoing conflict, there has been a notable increase in credit card purchases in the past two weeks, although they remain approximately 20% lower than pre-war levels. Traffic on the roads has also resumed with a partial return to school

Palo Alto's research unit has brought to light an alarming increase in cyber attacks orchestrated by the Iranian hacker group known as "Agrius" against Israeli targets. These attacks have intensified since the onset of hostilities. The Agrius group, which has been operating since 2020, has been actively engaged in stealing sensitive information and causing damage by deleting data, ultimately affecting innocent Israeli citizens

Education Minister Yoav Kish has declared a complete return to routine in the education system for schools located in green areas with no significant restrictions from the Home Front Command. Minister Kish expressed confidence that, barring any deterioration in the situation, the education system will resume normal operations starting next Sunday in these green zones

In a crucial move to finance ongoing military operations, Finance Minister Bezalel Smotrich has announced the addition of NIS 13.5 billion to the 2023 budget. The decision, revealed in a letter to the Ministry of Finance, outlines a strategy to redirect a portion of coalition funds to support the war effort