U.S. and Israel Strengthen Cybersecurity Partnership – By Alexandra Kelley (Nextgov) / Aug 29, 2022
Both countries have pursued a bilateral cybersecurity agreement between their financial agencies since 2021, amid critical infrastructure threats.
The U.S Department of Treasury and Israel’s Ministry of Finance finalized the terms of their new bilateral agreement that aims to fortify cyber resilience in both countries’ networks, and further extends an existing tech-centric bilateral agreement.
“We are pleased to have the government of Israel as partners in our global effort to stop ransomware,” Treasury Deputy Secretary Wally Adeyemo said. “This partnership has already resulted in the sharing of real time cyber threat data to prevent the spread of ransomware and other cyber attacks from impacting the U.S. financial sector. We look forward to expanding this partnership.”
In the new memorandum of understanding, both nations will work together on protecting their critical infrastructures, a major target for ransomware and hacking expeditions. Much of the MoU emphasizes greater information sharing and communication surrounding digital vulnerabilities and threats, as well as training initiatives for relevant staff.
