Twine's CEO on YL Ventures' State of the Cyber Nation Report

The State of the Cyber Nation 2024 report, published by YL Ventures, explores the key shifts shaping Israel’s cybersecurity ecosystem. Twine's Co-Founder and CEO, Benny Porat, shared his insights on the transformative impact of AI, emphasizing its potential to streamline processes, replace resource-heavy tasks, and redefine traditional security domains.

Key insights include:

1. Entrepreneurs view AI as a transformative force for traditional security domains.
2. By 2025, AI is expected to further streamline cybersecurity processes, replacing inefficient and resource-heavy tasks.
3. Identity and Access Management (IAM) is emerging as a critical area in cybersecurity, with identity becoming a primary attack vector. AI's impact on security approaches emphasizes the need for robust asset protection and attack surface reduction.

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The report underscores Identity and Access Management (IAM) as one of the most pressing areas in cybersecurity. Identity continues to serve as the primary attack vector, and the exponential growth of Non-Human Identities (NHIs) poses new challenges across enterprise, cloud, and SaaS ecosystems. This sector attracted the most funding activity in 2024, with 16 funding rounds compared to 9 in 2023. By 2025, AI is expected to further accelerate cybersecurity innovation, enabling more effective protection of critical assets, stronger attack surface reduction, and a new generation of solutions designed to keep pace with evolving threats.

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Read the full report here: https://www.ylventures.com/magazine/insights/state-of-the-cyber-nation-2024-report/

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