If indeed “It’s an ill wind that blows no good,” cyber warfare is a gust of money for the Israel Radware company, which produces security software.
Radware CEO Roy Zisapel told an investor meeting in New York Monday, “Banks and the financial sector are looking for the carriers to provide some kind of protection for them. That’s where the opportunity is for us in the coming years.”
Bloomberg reported that Radware’s sales have slowed since 2010 because of poor economic great in Europe, its second-largest market. Zisapel said he looks forward to a reversal in the trend as major banks, such as Bank of America and JP Morgan Chase, find themselves subject to cyber attacks.