Top UK banks, insurers and telecom companies will seek
cyber security solutions from Israel next week, as part
of an effort by the British Government to protect
companies and institutions from cyber attacks. Starting
Monday, Aviva Insurance, BT, Goldman Sachs, RBS, Visa and
others will host leading Israeli cyber security startups
for a series of targeted events in London. The 12
startups are a part of TeXchange, a
programme by the British Embassy in Israel that connects
UK companies to promising digital solutions.
The past year has seen numerous cyber attacks on UK
companies and public institutions such as Parliament and
the NHS. A recent government reportconcluded that
Britain’s top firms and charities urgently need to do
more to protect themselves from online threats.
The UK Israel Tech Hub,
a team within the British embassy, strives to tackle
those threats through connecting the British companies to
advanced solutions from Israel.
Ayelet Mavor, Acting Director of the UK Israel Tech Hub,
said:
Israel is a major world player in cyber security
solutions, both commercially and in research. There are
nearly 400 Israeli cyber companies, totaling around 8%
of global cyber exports.
We are confident UK companies can gain a competitive
edge on their security needs by partnering with
Israel’s cyber industry.
TeXchange, organised annually by the UK Israel Tech Hub,
has already resulted in more than 20 signed UK-Israel
partnership deals. In past years, TeXchange focused on
retail-tech, fintech, smart mobility and other
areas.Hundreds of UK companies and over 60 Israeli
startups took part in TeXchange activities so far, with
this year’s programme being the largest in terms of UK
participation.
The Israeli companies participating include MindoLife, a
tiny startup that recently scored a significant $20
million deal with
India’s SAR Group to supply it with Internet of Things
technology (full list of participants below).
Mike Hodgson, Head of Innovation Engagement at BT, which
will host TeXchange’s Cyber Innovation
Showcase on 13 September, said:
BT is a world leader in cyber security, with a global
team of dedicated security professionals working around
the clock to protect BT, its corporate and consumer
customers and the UK’s critical national infrastructure
against emerging cyber threats.
We are thrilled to be hosting an event which brings
together a wide-ranging corporate audience and leading
tech entrepreneurs to discuss the latest emerging
technology innovations which will keep the UK ahead of
the rapidly growing cyber-crime industry.
