Exhibit 8.1
LIST OF SUBSIDIARIES
The following table sets forth our material subsidiaries, all of which are wholly owned, directly or indirectly, with the exception of ALD Software Ltd, of which we own 98.63%.
| Name of Subsidiary | Jurisdiction of Organization | |
| HUB Cyber Security TLV Ltd. | Israel | |
| ALD Manpower Solutions Ltd. | Israel | |
| ALD College Ltd | Israel | |
| Qpoint Solutions Ltd | Israel | |
| Sensecom Consulting & Project Management Ltd | Israel | |
| Comsec Ltd. | Israel | |
| Comsec International Information Security B.V | The Netherlands | |
| BlackSwan Technologies, Inc. | Delaware, United States | |
| BlackSwan Technologies GmbH | Germany |