Hitech

In another alarming incident of cyber insecurity plaguing the Israeli healthcare sector, Kfar Shaul Itanim Hospital in Jerusalem has fallen victim to a suspected ransomware attack, marking the second such assault on a medical organization in just over a month

Israel's investment in civilian research and development (R&D) witnessed a substantial surge in 2022, according to data released by the Central Bureau of Statistics (CBS). The national expenditure on civilian R&D soared by 14.7%, reaching a remarkable NIS 106.1 billion for the year

NICE, a prominent developer of software systems for customer service centers, fraud prevention, and money laundering detection, has strategically invested $1.7 billion in cash to bolster its AI capabilities and broaden its customer base. This move is set to not only enhance its market position but also allay concerns within the industry about the potential impact of advanced AI technologies like ChatGPT on NICE's future growth prospects

As the conflict in Israel intensifies, the nation is grappling with an 18% surge in cyberattacks, according to Gil Shvid, the founder and CEO of Check Point. Shvid made this announcement today when Check Point released its financial statements for the third quarter of 2023. "Since the beginning of the war, we have seen an 18% increase in cyberattacks on Israel, especially on government websites," stated Shvid. He pointed out that while most of these attacks aren't particularly sophisticated, there has been a noticeable rise in ransom demand attacks. Over the last three weeks, one out of...

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

Israel experienced a significant downturn in its economic landscape in 2023, as reported by leading financial services firm PwC. The total value of transactions, mergers, and acquisitions plummeted by an alarming 46%, reaching a meager $9.8 billion compared to the robust $18 billion recorded in 2022. These figures mark the lowest in the past decade, excluding 2014 when the total transactions amounted to $7.2 billion

Recent data from the Central Bureau of Statistics (CBS) paints a complex picture of Israel's economic landscape in October, the month when the war broke out. The average salary for a salaried employee stood at NIS 12,492, showing a 6% increase compared to October 2023 but a noticeable dip from September's almost NIS 13,000. Adjusted for inflation, the average salary at constant prices was NIS 10,619, reflecting a modest 2.2% uptick from October the previous year

At a recent press conference following the release of Check Point's quarterly report, Gil Shvid, one of the founders of Check Point and its longstanding CEO, announced his departure from the CEO position after more than 30 years of service. Shvid will be stepping into the role of chairman, emphasizing his commitment to remain actively involved in the company's future endeavors

In a surprising move, Amdocs, one of Israel's leading hi-tech companies, has issued layoff notices to nearly 100 employees, with termination effective from April 1. This latest round of cuts comes merely half a year after the company's announcement of its intention to lay off 2,000 workers worldwide, including approximately 250 in Israel

A comprehensive report on "Women in Hi-Tech 2024" was drawn up these days by the Economy and Research Division of the Innovation Authority, and the Aaron Institute on the occasion of International Women's Day, starting tomorrow. The good news: in 2023, there will be an increase in the number of women in the high-tech industry in Israel - 131,000 women, almost double compared to the previous decade, and an increase of 2.7% compared to 2023. The bad news: it's not enough. According to this growth rate, the State of Israel will not meet the goal set by the Perlmutter Committee for increasing...