U.S., Israeli officials talk cyber-protection of markets

WASHINGTON (JTA) – Top Israeli and U.S. government officials discussed protecting financial markets from cyber threats.

The officials, convening at the U.S, State Department for the annual U.S.-Israel Joint Economic Development Group meeting on Oct. 24-25, discussed "macroeconomic trends and policy challenges," a State Department statement said.

"The two sides exchanged views on global, U.S., and Israeli economic policies and performance, agreed to expand cooperation on addressing cyber threats to economic and financial infrastructure, and discussed the economic challenges and opportunities posed by Israel’s recent discoveries of significant off-shore gas reserves," according to the State Department.

Leading the Israeli delegation was Doron Cohen, who directs the Finance Ministry. The American side was co-chaired by Daniel Hormats, the undersecretary of state for economic growth, and Charles Collins, the assistant Treasury secretary for international finance.

The meeting coincided with a signing ceremony in which the United States extended nearly $4 billion in loan guarantees to Israel through 2016.

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