Debt-Ridden Israel Electric Bets on Cyber Security Exports

Israel Electric Corp. is opening a new line of business, and it has nothing to do with providing electricity into homes. The state-owned, debt-ridden electricity company, which says it fends off between 150,000 and 300,000 hacking attempts on an average day, is betting its future on cyber-security exports – software, hardware, training, and consulting to foreign governments, utilities companies and airports.