|[April 14, 2014]
National Retail Federation Announces Information-Sharing Platform
WASHINGTON --(Business Wire)--
Retail Federation is moving forward with the creation of a program
that will provide retailers access to information on cybersecurity
threats identified by retailers, government and law enforcement agencies
and partners in the financial services sector. The program, developed in
consultation with the Financial
Services Information Sharing and Analysis Center (FS-ISAC), will
launch with the establishment of an information-sharing platform for
retail industry information security specialists, and plans call for a
retail ISAC to be established in June.
"We believe a heightened and well coordinated information sharing
platform such as a retail ISAC is a vital component for helping
retailers in their fight against cyber attacks," NRF
President and CEO Matthew Shay said. "Establishing a new program
takes time, but time is not our friend when it comes to stopping these
sophisticated and unpredictable criminals. The willingness of the
FS-ISAC to work with retailers provides our industry with a new and
important tool as we explore all of the options available for merchants
to protect their customers and their businesses."
Responding to the NRF announcement, Senator Mark Warner (D-VA) said,
"Establishing a Retail and Merchat ISAC will allow the industry to
better share information that could help prevent the types of widespread
consumer data thefts we now are seeing. I am pleased to see FS-ISAC
collaborating with retailers to establish a tool for real-time sharing
of information and best practices around the serious and growing threat
of hacking, cyber and identity theft." In early February of this year,
Senators Warner and Mark Kirk (R-IL) called for the establishment of a
Retail and Merchant Industry ISAC in a letter to the Federal Trade
Cy Fenton, senior vice president, information technology (CIO) at
Books-A-Million, Inc. said, "As an industry, it is critically important
that we continue to work together and identify problems while providing
solutions that prevent criminal hacking and the resulting data breaches.
The safety and security of our customers unites retailers large and
small, and information sharing is one of several important steps we are
taking in order to achieve this mission critical goal."
Fenton is chairman of the IT Security Council, a sub-committee of the NRF
CIO Council, composed of CIOs and other technology experts from over
120 leading retailers and industry partners. The group has been meeting
regularly to discuss existing cybersecurity programs as well as
exploring new opportunities for retailers.
"In partnership with key stakeholders, NRF is committed to finding
broad-based, long-term solutions to ensure that consumers' sensitive
information remains secure. It is a retailer's top priority," Shay said.
"Implementing robust security solutions with innovative technologies and
information sharing to protect consumer data and the integrity of our
payment systems is a start, but we will always need to stay one step
ahead of these determined criminals."
Recently, representatives from NRF held in-depth discussions with the
United States Secret Service and other law enforcement agencies for
insight and guidance on how to improve communication, identify available
resources and collaborate more effectively to help retailers combat
criminal cyber activity.
NRF has also retained the services of Kim Peretti, a partner in the law
offices of Alston and Bird, LLC. Peretti is part of the firm's White
Collar Crime Group and co-chairs the Security Incident Management and
Response Team. She is also a former director of PricewaterhouseCoopers' (News - Alert)
cyber forensic investigation unit and a former senior litigator for the
Department of Justice's Computer Crime and Intellectual Property Section.
As announced in January, the NRF is working closely with the
cybersecurity professionals from The Chertoff Group, providing NRF
members with the highest level of insight and guidance in risk
management and cybersecurity expertise.
NRF is the world's largest retail trade association, representing
discount and department stores, home goods and specialty stores, Main
Street merchants, grocers, wholesalers, chain restaurants and Internet
retailers from the United States and more than 45 countries. Retail is
the nation's largest private sector employer, supporting one in four
U.S. jobs - 42 million working Americans. Contributing $2.5 trillion to
annual GDP, retail is a daily barometer for the nation's economy. NRF's This
is Retail campaign highlights the industry's
opportunities for life-long careers, how retailers strengthen
communities, and the critical role that retail plays in driving
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