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4 Oct, 2013

Security “threats” creating Israeli military millionnaires | The Guardian

Demobbed geeks once overshadowed by gun-toting commandos have made the most of their expertise in cybersecurity, data storage, mobile communications and analytical algorithms to help transform the basis of Israel’s economy from orange groves to mobile-phone apps. Israeli inventions include instant messaging, the USB memory stick, the firewall and the secure data links that enable most of the world’s banking transactions and TV signal decoders.

Israeli tech firms Nice, Comverse and Check Point were all created by 8200 alumni or based on technology originally developed by the unit. With the emergence of consumer apps based on crunching vast amounts of information known as “big data”, Israel is a decade ahead of the US and Europe – and all because of the military.

Read the rest: Israeli military intelligence unit drives country’s hi-tech boom | World news | The Guardian.