U.S., Israel finalize deal on cybersecurity cooperation

Cyber locks

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.

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