New survey: 1 in 4 Israeli companies have been hit by hackers in 2020 - LIOR FRENKEL’S INTERVIEW FOR Bloomberg

The Israel Manufacturers Association issued its first survey of cyber attacks on its members and found that one in four Israeli companies have been hit, and in 2020 more than $1 billion went to pay off hackers using ransomware. In a recent interview for Bloomberg.com, Lior Frenkel, CEO of Waterfall Security, who heads a cyberforum at the Manufacturers Association, said the survey showed that Israel’s industrial sector isn’t prepared for cyber attacks — despite the country’s reputation for developing top-notch cyber security.

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