The Shin Bet (Israel Security Agency) clarified on Monday that it requested to protect the computer infrastructure of Israeli banks and not to oversee the system by penetrating the privacy of clients, as was earlier reported, Army Radio said.
The earlier reports contained inaccuracies which "created a distorted picture of reality," said the Shin Bet.
According to Monday morning reports, the security organization approached Israeli banks with a request to connect to their information systems. The purpose of the request was to protect against the possibility of unauthorized electronic attacks or penetrations. The banking system expressed concerns about privacy and a loss of customer confidence.
Bank of Israel Governor Stanley Fischer has not expressed any opposition to the plan.
The banks are expected to relay their reply to the Shin Bet in the next two months.