Thursday, June 30, 2022

Home Cyber Security Ransom-ware attacks: US to partner with Israel

Ransom-ware attacks: US to partner with Israel

To address the abuse of virtual currency and disrupt the ransom-ware business model, Deputy Secretary of the Treasury Wally Adeyemo asked then for international cooperation

To combat ransom-ware, the U.S. Treasury Department said on Sunday it will partner with Israel, with the two countries launching a joint task force to address cyber-security.

Including cyber-security regulations and threat intelligence, the task force will develop a memorandum of understanding supporting information sharing related to the financial sector, the Treasury Department said.

With the European Union and more than 30 countries, including Israel, the announcement follows a virtual meeting on ransom-ware that held at the White House in October.

To address the abuse of virtual currency and disrupt the ransom-ware business model, Deputy Secretary of the Treasury Wally Adeyemo asked then for international cooperation.

Including an attack on the largest fuel pipeline in the United States that crippled fuel delivery for several days, the partnership follows measures taken to combat a surge in ransom-ware that has struck several big U.S. companies.

To address issues related to fin-tech and cyber-security, a broader U.S.-Israeli task force was also launched on Sunday, the Treasury Department said.

To establish a bilateral partnership, Adeyemo met with Israeli Finance Minister Avigdor Lieberman and Director General of the National Cyber Directorate Yigal Unna in Israel on Sunday, the department said in a statement.

In one of the worst ransom-ware attacks against American targets, earlier this month, the U.S. Justice Department charged a Ukraine national and a Russian.

Also readCIO News interviews Shri Wangki Lowang, Minister (IT) of Arunachal Pradesh

Do FollowCIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

About us:

CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics.

khushbu Soni CIO News Mercadeo
Khushbu Soni
Chief Editor - CIO News | Founder & CEO - Mercadeo


Please enter your comment!
Please enter your name here

- Advertisment -1x1 banner1x1 banner1x1 banner1x1 banner

Most Popular

GBM conducts artificial intelligence event, UAE organisations to increase spending

The artificial intelligence event delved into how organisations can get started on their AI journeys For an exclusive artificial intelligence event, GBM has brought together...

Clean technology: LG to invest $1.5bn

The push in the clean technology sector will help LG make "a shift toward more high-value industries" LG Corp, South Korea's fourth-largest conglomerate, said on...

AI technology firm Nala Robotics to supply Slice Factory with its autonomous chef

Under the terms of the agreement, to help fuel national expansion efforts the AI technology company will custom design and install Pizzaiola at Slice Factory's...

There shouldn’t be a separation between business and technology, says Deepak Garg, Co-Founder and Chief Technology Officer (CTO) at Dista

The real value a technologist can bring is alignment of technology with actual business needs When asked how he planned his career path to be...

Recent Comments