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US, Ukraine Agree to Continue Cyber Information Sharing

Financial services sector

US, Ukraine Agree to Continue Cyber Information Sharing

The Department of the Treasury has renewed its cybersecurity cooperation with the National Bank of Ukraine.

The U.S. Treasury Department and the Ukrainian central bank recently signed a memorandum of understanding to continue the sharing of information about cybersecurity threats and incidents, cyberthreat actors and best practices.

The memorandum also encourages both parties to participate in expert forums and visits, conduct cyber training and provide assessments and capacity support, the Department of the Treasury said.

According to Todd Conklin, deputy assistant secretary for cybersecurity and critical infrastructure protection, the cooperation will keep both countries prepared to respond to threats, strengthen Ukraine’s cybersecurity and enable the department to stay ahead of risks to the U.S. financial services sector.

“Threats that confront our counterparts in Kyiv are likely to target the United States as well,” Conklin noted.

The MoU took effect on Thursday. The U.S. Treasury Department and National Bank of Ukraine’s cybersecurity and operational resilience partnership has been in place since 2020.

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Category: Cybersecurity

Tags: cybersecurity cyberthreat Department of the Treasury financial services sector information sharing Memorandum of Understanding National Bank of Ukraine Todd Conklin