Ex-Mossad chief joins Israeli cybersecurity firm NanoLock

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Former Mossad chief Tamir Pardo joins Israeli cyber security startup NanoLock as a member of the company’s security advisory board, the company said Monday.

NanoLock said in a statement that Pard’s view of the cyber threat “fits in well” with the company and that the former Mossad chief, who served from 2006 to 2011, will be “instrumental in fostering continued growth in the United States, Europe and Japan.” , where the company recently signed contracts with large new customers. ”

Founded in 2017, NanoLock has provided connected devices for the company’s industrial and critical infrastructure such as energy, water and transportation companies, often state-owned. The Hod Hasharon-based company says it works with partners in Japan, Italy, Spain, Switzerland, the Netherlands, India, Singapore, Israel and the United States.

“Cyber ​​attacks are incredibly dangerous because you can destroy infrastructure at a very cheap price without a single bullet or rocket,” Pardo said in a statement. “It is so crucial that we develop solutions that comprehensively block hackers from carrying out their desired actions, with any possible vector of attack.

He said he was “looking forward to helping NanoLock scale its device-level solution to keep global critical infrastructures safe from compromise.”

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“With his decades of intelligence and cybersecurity experience, Mr. Pardo will add tremendous value to our advisory board as we prepare our clients for the growing cyber chaos,” said Eran Fine, CEO and co-founder of NanoLock.

According to the Israeli cyber firm Check Point Security, cyber attacks increased by 40 percent globally in 2021 compared to 2020, with one in 61 organizations worldwide being hit by ransomware every week. A 2022 report states that targeted organizations recorded about 900 cyber attacks per week.

Pardo moved to Nanolock just six months after the company he co-founded, XM Cyber, signed a contract bought by Germany’s Schwarz Group, a multinational retail operation with about $ 140 billion in reported annual revenue, for $ 700 million.

The company continues to operate independently and offers its products under its current brand and structure. The Herzliya-based company approaches cyber threats from a hacker point of view, and its automated advanced platform for simulating persistent threats works to find new exposures, vulnerabilities and credentials that can be exploited, misconfigurations and user activities that could potentially put organizations at risk. attacks.

XM Cyber, (XM abbreviation of ex-Mossad) was founded in 2016 by Pardo, Noam Erez, a 25-year veteran of the Israeli intelligence community, and Boaz Gorodissky, a 30-year veteran of the community.

These companies are part of the strongest sector of Israel’s technological ecosystem, cyber security, where startups raised a record $ 8.8 billion. Eleven new unicorns for cyber security, or private companies worth a billion dollars or more, were minted in 2021, according to the Israeli National Cyber ​​Directorate.

According to the data, the annual funding figure for 2021 makes up 40% of the total funds raised by cybersecurity companies worldwide last year.

Total cyber security exports from Israel are estimated at $ 11 billion in 2021, according to the Israel Export Institute.

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