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US, Israel Announce Joint Task Force on Cybersecurity

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The task force will aim “to protect critical financial infrastructure and emerging technologies” while also expanding “international cooperation to counter the threat” of ransomware globally, according to a statement from the Treasury Department, The Hill reported.

The countries will develop a memorandum of understanding to support information sharing efforts in the financial sector surrounding issues like cybersecurity guidance, incidents and threat intelligence in addition to staff training and other activities, according to the Treasury Department.

“Harnessing both the power of international cooperation and of technology innovation will position us to support economic competitiveness, prosperity, and to combat global threats including ransomware,” Deputy Secretary of the Treasury Wally Adeyemo said in the statement.

The announcement comes a week after Israel’s Foreign Minister Yair Lapid sought to distance the government from the NSO group, an Israeli company that was blacklisted by the US for selling spyware used to attack the smartphones of journalists, activists and government officials. Continue Reading

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