TD to open cybersecurity office in Tel Aviv, plans to spend up to $5M
Toronto-Dominion Bank is opening a new office in Tel Aviv to tap Israel’s cybersecurity talent as companies of all stripes race to fortify their defences amid mounting threats.
Jeff Henderson, TD’s chief information officer, says the bank plans to invest between $3 million to $5 million in its Tel Aviv office annually and aims to hire as many as 12 staff within the next year.
Tel Aviv has a deep pool of cybersecurity talent coming from local universities as well as the military, he added.
“The demand for cybersecurity talent is at an all time high, by everybody, and the supply in North America is limited. So it requires us to be more creative. … This is good evidence that we’re willing to go outside of our borders, outside of our market, and to open an office in order to get that talent,” he said.