CTalkAkamai VP: "Cyber security business accounts for half of our revenue"
CTalk
Akamai VP: "Cyber security business accounts for half of our revenue"
Ofri Ziv, VP Engineering and Security Research at Akamai, spoke to CTech at Calcalist and Bank Leumi’s Tech TLV conference about how the security industry generates $2 billion a year and is the company’s strongest revenue stream.
“The security field is growing in the world. About half of our revenue comes from security - about $2 billion a year,” says Akamai VP Engineering and Security Research Ofri Ziv to CTech at Calcalist and Bank Leumi’s Tech TLV conference.
Akamai Technologies was co-founded in 1998 by Israeli Daniel Levin, who was killed in the September 11th attacks. The company develops solutions to accelerate internet browsing and manages a distributed cloud platform used in 135 countries across 4,000 locations. Their Israeli R&D center employs about 700 people, out of 10,000 worldwide, and is considered the company's cyber hub. Over the years, the company has shifted toward cybersecurity, which now accounts for more than half of its revenue, much of it concentrated in Israel.
Regarding ongoing cyberattacks facing Israeli companies by Iranian and other actors, Ziv says that these are likely to continue. “The entrance of AI to the security field will play a strong role for both sides - those committing cyber attacks and for those defending against them, this is an opportunity.”
