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Israel reassured U.S. its ability to counter Huawei related information theft

To U.S. concerns about possible cyber-security risks caused by Chinese investments, Israel has not only been taking those concerns into account but also described itself skilled at protecting from information theft in any adverse case, a senior Israeli official said on last Friday.

The Israeli narrative came after remarks of U.S. Deputy Secretary of Energy Dan Brouillette, who visited the country earlier last week, to remain cautious over Chinese investment in the country as that could possibly result in limiting its allies from intelligence-sharing with it.

Answering to a question on 102 FM Tel Aviv Radio about the U.S. remarks, Israeli Energy Minister Yuval Steinitz, who discussed the issue with Brouillette, said that to the U.S.’s concerns we are also concerning but also taking them into account too.

Israel is in good relations with China which are important as well, and same is the case with Russia and almost rest of the world, but those with the United States, being number one ally, are and will be unmatched, added Steinitz.

Israel is fully capable of protecting itself against any information theft, replied Steinitz when asked about concerns related to it.

Huawei, for $42 million, acquired Hexa Tier, an Israeli technology company of database security in the cloud, in December 2016, after which the CEO of Huawei visited the Israel and very same month the Chinese technology giant, for an undisclosed amount, also acquired Toga Networks, an I.T. research firm.

China remained increasing its investments in the Israel for years and the trade between Israel and China has reached $10 billion per year mark. Also in the first three quarters of 2018, amount of $325 million was invested in Israeli tech startups by Chinese investors which was 37 percent up from a year ago investments, with third quarter saw Chinese investment, strongest in past five years, stated Israel Venture Capital Research Center.

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Maria Wiggins

Written by Maria Wiggins

Maria Wiggins:- News Stories
I am Maria Wiggins and I have over 11 years experience in the Technology industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.

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