As of 2020, many cases of theft of catalytic converters from parked cars are reported worldwide. The thieves lift the car onto a mechanical back (jack), and cut the converter using a disc saw, sometimes within a few minutes. The converter contains metals such as rhodium, which is more expensive than gold, and palladium, and can be sold for thousands of shekels. As mentioned, following the war in Europe, its price has risen even more, and every day that more economic sanctions are imposed on Russia, the price may climb further.
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As mentioned, the higher the price, the more significant the risk of theft, and sometimes a vehicle with which the converter is stolen will be more profitable to replace a car than to buy a new converter. Shekel, but it will last less time and will require replacement.