World’s Largest Beer Brewer To Launch Cybersecurity Unit In Israel

(FIBA company) Anheuser-Busch InBev (AB InBev), the world’s largest beer brewer, has announced plans to open a cybersecurity unit in Tel Aviv after an upsurge in hacking attacks.

Headquartered in Leuven, Belgium, AB InBev produces 25 percent of the beer globally, making over 400 brands including Budweiser, Corona, Becks, and Stella Artois. The company has recently faced regular cybersecurity attacks, ranging from bothersome and disruptive to financially motivated, Luis Veronesi, AB InBev VP of global security and compliance, told Reuters. 

The unit, dubbed the Beer Tech according to CTech by Calcalist, will be completely focused on “analyzing threats and potential attacks,” Veronesi said.
“With increasing digitalization, we have to be prepared to defend against anything coming,” he told Reuters. 

Israel is a widely recognized cybersecurity powerhouse, with over 450 active cybersecurity companies and startups as of 2018. It is also home to the second-largest number of cybersecurity deals globally in recent years, second only to the US, according to a 2018 report compiled by New York data firm CB Insights. Last year, Israeli cybersecurity ventures raised more than $1 billion in equity investment, setting a new record and marking a 47 percent increase from 2017, according to a report on Israel’s cyber sector published earlier this year by Start-Up Nation Central (SNC).

AB InBev did not disclose financial details related to the launch of the cybersecurity unit.

Veronesi told CTech that AB InBev currently works with about five Israeli cybersecurity companies for solutions in a wide range of services including business intelligence, cyber defense, and privacy issues, and is in talks with about eight more firms.

Read the full article on No Camels here. 

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