The task force will develop a memorandum of understanding supporting information sharing related to the financial sector, including cybersecurity regulations and threat intelligence.
A hacker is being depicted in this illustrative photo (photo credit: Courtesy)
The US Treasury Department said on Sunday it will partner with Israel to combat ransomware, with the two countries launching a joint task force to address cybersecurity.
The task force will develop a memorandum of understanding supporting information sharing related to the financial sector, including cybersecurity regulations and threat intelligence, the Treasury Department said.
The announcement follows a virtual meeting on ransomware that held at the White House in October with the European Union and more than 30 countries, including Israel.
A broader US-Israeli task force was also launched on Sunday to address issues related to fintech and cybersecurity, the Treasury Department said.
Adeyemo met with Israeli Finance Minister Avigdor Liberman and Director-General of the National Cyber Directorate Yigal Unna in Israel on Sunday to establish a bilateral partnership, the department said in a statement.
Earlier this month, the US Justice Department charged a Ukraine national and a Russian in one of the worst ransomware attacks against American targets.