Securing the opportunities of the digitized economy

Abstract

The three of us have accumulated lots of experience in IT, Cyber Security and in protecting the critical infrastructure of the State of Israel, which is one of the world's most attacked states by cyber criminals or by certain states. In 2012, we founded our Cyber Security consulting firm called D.A.T, offering highlevel technological surveys of software and hardware systems to check their immunity against remote cyber-attacks. Our objective was to better understand the challenges and threats of the interconnectivity on the digital economy through working in different sectors: Telecommunications, Finance and Insurance, Industry (production/assembly lines) and Energy. Four and a half years later, after we carried out complex projects in various sectors, I can say that the revolution of the digital world and the digitized economy, which is accelerating every day, is an enormous economic and social opportunity, but it is also folding inside dramatic and even strategic challenges. Based on the knowledge, know-how and the insights we gained, we teamed with Volkswagen in September 2016. Together we founded a newcompany to develop Cyber Security systems and to provide Cyber Security services for Internet-connected cars and self-driving vehicles. The new company, CyMotive Technologies Ltd., will be 40% owned by the VW group and 60% by me and my two colleagues. We identified the following main insights of how to secure the opportunities of the digitized economy.