Nir Zuk to set up digital bank in Israel
Palo Alto Networks founder Nir Zuk is teaming with former ISA chairman Shmuel Hauser to found the country s second digital bank.
Tech entrepreneur Nir Zuk is founding a new digital bank in Israel and has already been arranging meetings with institutional bodies to discuss their possible involvement in the new venture. Zuk was a founder of Israeli cybersecurity company Check Point Software Technologies Ltd. (Nasdaq: CHKP) and founded its rival Palo Alto Networks (NYSE: PANW), which currently has a market cap of $35 billion. Zuk has teamed up with the former Israel Securities Authority chairman Shmuel Hauser and entrepreneur Yuval Aloni and the three have already requested a banking license from the Bank of Israel.
capital Newspaper
Cyber security by way of simple definition is the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks.
These types of malicious attacks cripple companies and governments alike across the globe. Around the world numerous investments in cyber security are put in place due to the sensitivity of the matter.
As a result, security firms have sprung up in order to provide the much-needed protection of crucial data that can be detrimental when placed in wrong hands. One such company that has maintained a golden standard when it comes to security needs is Check Point. Pankaj Bhula leads Check Point’s EMEA as Regional Director for Africa. Pankaj has an experience spanning over 25 years in the Digital Technology Industry, both locally and internationally, which includes the likes of working for IBM, Dimension Data, Microsoft and SAP. Capital got hold of Pankaj for an in-depth insight. Excerp
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Author Bio
Equipped with its 15-year experience as a former IT engineer, Herve covers the tech sector. When he s not busy writing about cybersecurity, cloud computing, and other fascinating technologies, he enjoys running and traveling. Follow @RV Blandin
FireEye (NASDAQ:FEYE) posted better-than-expected fiscal 2021 first-quarter earnings this week. Given the strong performance of its cloud and consultancy businesses, management raised its full-year outlook. Yet investors shouldn t get too excited.
The cybersecurity specialist still needs to deal with two significant challenges legacy hardware and high operating costs that will drag on its results over the next several years. Let s take a closer look at what was reported and why there are still issues for this tech company.