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CrowdStrike

CrowdStrike's Failure Marks Opportunity for Israel's Cybersecurity Market

While American cybersecurity company CrowdStrike’s workers were sweating last weekend not only to fix the unprecedented global computer shutdown it caused but also at attempts to draft letters to customers, employees, and investors, something entirely different was happening in Israeli cybersecurity companies.

On the surface, most Israeli high-tech companies, big and small, took care to post diplomatic LinkedIn messages supporting their customers and offering specific solutions for rebooting their computers amid the impressive worldwide crash.

Behind closed doors, however, quite a few champagne bottles were opened. CrowdStrike may not be a familiar name for many, but it’s a darling of the global cybersecurity market and the fiercest rival of almost every Israeli cybersecurity company.

Before the Israeli company Wiz emerged, CrowdStrike held most of the cybersecurity industry’s coveted titles. For the Israeli cybersecurity industry, the company’s troubles are an opportunity. CrowdStrike is Israeli company Palo Alto Networks’s main competitor and resembles it both in size and in its aim of building a comprehensive platform that provides all the cybersecurity needs for organizations. (YNet / VFI News)

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