The United States is partnering with Israel through a new task force to find a policy path that will promote growth and healthy competition in the fast-growing financial services technology market while deterring ransomware and other cyber threats, according to the Treasury Department.

“Harnessing both the power of international cooperation and technological innovation will enable us to support economic competitiveness and prosperity and to combat global threats including ransomware,” said Deputy Treasury Secretary Wally Adeyemo in a press release from Jerusalem. “As the global economy recovers and ransomware and other illicit financial threats pose a major challenge to Israel and the United States, increased information sharing, collaborative work, and policy, regulation and enforcement cooperation are critical to our economic and national security goals. ”

Adeyemo met with Israeli Finance Minister Avigdor Lieberman, the governor of the …

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