U.S., Israel finalize deal on cybersecurity cooperation
By 
Adrianne Appel2022-08-26T19:59:00
The United States and Israel have finalized an agreement to work together to protect the financial sector from cybersecurity attacks, the U.S. Treasury Department announced Thursday.
The memorandum of understanding (MOU) reached with the Israeli Ministry of Finance follows a partnership between the two agencies made public in November 2021. The creation of a bilateral cyber task force was announced by U.S. Deputy Secretary of the Treasury Wally Adeyemo during a visit to Israel. Adeyemo said at the time the aim of the cooperation was to protect the international financial system, particularly by safeguarding financial infrastructure.
The MOU enhances and strengthens the 2021 agreement, according to Treasury.
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
News BriefUAE joins pact with U.S. on cybersecurity cooperation
The United States and United Arab Emirates finalized an agreement to work together to safeguard the financial sector from cyberattacks.
-
ArticleCyber risk management lessons from Optus data breach
The Optus data breach should serve as a reminder for all organizations that cybersecurity incidents are serious business risks that are costly to make right.
-
ArticleIBM report: Data breach costs up, contributing to inflation
The global average cost to mitigate cybersecurity issues resulting from a data breach increased to an all-time high of $4.35 million and could be contributing to current inflation trends, according to the latest annual report from IBM.
More from Cybersecurity
-
News BriefU.K. says company boards need to worry more about cybersecurity risks
The U.K. government wants directors and boards of directors to become more actively involved in cybersecurity risks facing public and private companies, as the world faces “alarming” threats from criminal gangs and malicious nation-states. Though many organizations take cybersecurity seriously, the U.K. government says they do not place management of ...
-
PremiumNavigating compliance: A guide for small teams to tackle CMMC
Many small organizations within the Defense Industrial Base are struggling to meet the rigorous requirements validated through the Cybersecurity Maturity Model Certification, writes Thomas Graham, CISO at Redspin. If you haven’t been tracking it closely, CMMC was finalized in October, with an effective date of December 16, 2024.
-
PremiumFinancial crime in the shadows of the dark web
The dark web has been depicted as a long-standing hub for crimes, where illegal activities such as drug dealing, financial fraud, weapon sales, murder for hire, stolen credit cards, and ransomware gags are easily accessible to the public.