As companies profit from personal data, safeguards are insufficient

JERUSALEM-"When we look at the coming mountains of data, the question will be who will make money out of it," said a representative of the Israel Innovation Authority, or IIA, during a tech event held on Monday in Tel Aviv.

Sagi Dagan, head of the growth division at the IIA, a publicly-funded independent investment agency, made the remarks at the Mind The Tech conference, organized by Israeli business newspaper Calcalist to showcase the newest trends in technology.

Yoel Esteron, publisher and founder of Calcalist, said his newspaper had organized many tech-oriented international conferences in Israel and around the world. In his vision, high tech is the frontier of the Israeli economy.