"US and Israel Strengthen Cybersecurity Partnership"

The US Department of Treasury and Israel's Ministry of Finance have finalized the terms of a new bilateral agreement that aims to strengthen cyber resilience in both countries' networks and extends an existing tech-centric bilateral agreement. This collaboration has already resulted in the sharing of real-time cyber threat data to prevent the spread of ransomware and other cyberattacks affecting the financial sector in the US. Both countries will collaborate on protecting their critical infrastructures, which are a major target for ransomware and hacking efforts, under the new Memorandum of Understanding (MoU). The MoU places a strong emphasis on increased information sharing and communication about digital vulnerabilities and threats, as well as training initiatives for relevant staff. Since 2021, when Treasury Deputy Secretary Wally Adeyemo announced a bilateral task force to help cultivate better government policy to support cybersecurity software and hardware products that help combat ransomware threats within the financial sector, the US Department of Treasury and Israel's Ministry of Finance have maintained a partnership in cybersecurity matters. According to Adeyemo, the collaboration made sense because Israel has long focused on developing a robust fintech economic sector. That initiative was reaffirmed in June 2022, when the Department of Homeland Security announced the Israel-US Binational Industrial Research and Development Cyber program, which is currently accepting applications of essential cybersecurity products for critical infrastructure agencies such as airports, as well as for smaller businesses. This article continues to discuss the bilateral cybersecurity agreement between the US and Israel.

NextGov reports "US and Israel Strengthen Cybersecurity Partnership"