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The United States is cooperating with Israel to combat ransomware attacks



(Reuters) – The US Treasury Department said on Sunday that it will work with Israel to combat ransomware, with the two countries launching a joint working group to address cyber security.

The working group will develop a memorandum of understanding which supports information sharing.

The announcement follows a virtual meeting of the White House on ransomware in October with the European Union and more than 30 countries, including Israel.

Deputy. Finance Minister Wally Adeyemo then called for international cooperation to address the abuse of virtual currency and disrupt the business model for ransomware.

The partnership follows measures taken to combat an increase in ransomware that has affected several large U.S. companies, including an attack on the largest fuel line in the United States that paralyzed fuel supplies for several days. [1

965900] 2] A broader US-Israeli working group was also launched on Sunday to address issues related to fintech and cyber security, said the Ministry of Finance.

Adeyemo met with Israeli Finance Minister Avigdor Lieberman and the director general of the National Cyber ​​Directorate Yigal Unna in Israel on Sunday to establish a bilateral partnership, the ministry said in a statement.

Earlier this month, the US Department of Justice prosecuted a Ukrainian citizen. and a Russian in one of the worst attacks on ransomware against US targets.


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