The Israel Manufacturers Association issued its first survey of cyber attacks on its members and found that one in four Israeli companies have been hit, and in 2020 more than $1 billion went to pay off hackers using ransomware. In a recent interview for Bloomberg.com, Lior Frenkel, CEO of Waterfall Security, who heads a cyberforum at the Manufacturers Association, said the survey showed that Israel’s industrial sector isn’t prepared for cyber attacks — despite the country’s reputation for developing top-notch cyber security.