eToro has just announced the on-boarding of a new resident cybersecurity expert. His name is Buky Carmelli, and he’s an ex-officer in the Israeli Defence Forces’ elite tech units. With over 30 years of experience in leading large research and technological development teams, the new addition to eToro’s team comes at a critical time for the firm.
After securing a major round of financing earlier this year, eToro has committed to expanding its team globally. The brokerage’s venture into the US crypto-sphere and its commitment to open a new subsidiary in Gibraltar, the company last week announced a sponsorship deal with Eintracht Frankfurt.
With the rapid growth of the firm in the aftermath of the cryptocurrency boom, where eToro has been an early adopter, the company’s cybersecurity needs are taking center stage. Today’s announcement is confirming the commitment of eToro to invest in the safety of its clients’ assets.
A Seasoned Expert
Carmeli is a seasoned veteran with vast knowledge and experience in cybersecurity systems. Most recently, he served as the Director General of the Israeli National Cyber Security Authority. He was instrumental in founding the Prime Minister‘s office body where he was responsible for all infrastructure and operational defense efforts in the Israeli civilian cyberspace.
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His expertise was used when securing key sectors of the economy such as energy, finance, health, utilities, government and many more. Before his work for the Israeli Prime Minister’s Office, he spent four years as the Head of the Israeli Ministry of Defense Cyber Security Division.
Mr. Carmeli will advise eToro on all matters related to cybersecurity. He joins a high-profile team of experts which eToro has been onboarding in recent months.
Commenting on the new hire, Yoni Assia, Co-founder and CEO of eToro, said: “eToro takes its commitment to protect our users very seriously. We have spent the last decade building up our systems to safeguard as much as possible against potential breaches in security including a cyber-attack.”
“As we continue to grow our user base and expand globally, we want to ensure that our cybersecurity awareness and capabilities also continue to develop. Buky’s in-depth knowledge and experience in technology defense is second to none and we look forward to working with him to further enhance our cyber-security capabilities,” Assia explained.
As you can see in the video below, this guy means serious business: