This thesis explores whether The Underdog's Model (UM), originally developed for the air domain, can be applied to analyze how a small state may achieve strategic advantage in the cyber domain. Using a theory-testing case study of Israel and a qualitative text analysis, six key factors from UM are examined against empirical data. The analysis shows that several of these factors have identifiable equivalents in the cyber domain, particularly at the political and military-strategic levels. The results suggest that the logic of UM extends beyond its original domain, though some factors require reinterpretation.The thesis contributes to the field by introducing an asymmetry-based theoretical framework into a research area largely dominated by technical and policy-driven models. It also raises questions about whether conventional definitions of “small state” and “great power” remain valid in a cyber-strategic context, and points to the need for further theoretical development.