Retailers join to fight cybercrime
NEW YORK — Some of the nation's largest retailers are banding together in hopes of protecting consumers' personal and financial information from hackers and thieves.
The Retail Industry Leaders Association, along with several top retailers ranging from Gap Inc. to Walgreen Co., on Wednesday opened an intelligence sharing center focused on the prevention of cybercrimes against retailers.
According to RILA, the center will allow retailers to share information about data breaches and potential threats and also inform members of law enforcement and industry analysts.
Sandy Kennedy, RILA's president, said crimes stemming from data breaches are one of the biggest challenges confronting retailers.
“It's really in everyone's interest, every retailer's interest, to protect information against cybercrime,” Kennedy said in an interview ahead of the group's announcement. “Criminals are getting more and more sophisticated. We're looking at how we can deal with this long term.”
Other participating retailers include Nike Inc., Lowes Cos. and Target Corp., which was hit with a data breach at the height of last year's holiday shopping season. The breach exposed flaws in Target's security system and was a factor in the abrupt departure of CEO Gregg Steinhafel last week.
The incident at Target resulted in the theft of 40 million debit and credit card numbers, as well as the personal information of up to 70 million shoppers, and shined a spotlight on the growing problem of cybercrime.
While work on the cyber intelligence sharing center began in the wake of the Target breach, and smaller breaches at Neiman Marcus and Michaels Stores Inc., Kennedy said data crime was a big concern for the industry well before those incidents occurred late last year.
“All of our members have been focused on this for a long time,” Kennedy said. “Our goal is to make sure the data is protected and that if criminals do get into data, it's in a form that they can't use.”
Paul Morrissey, U.S. Secret Service assistant director for investigations, said in a statement, “The Secret Service actively supports information sharing initiatives such as the Retail Cyber Intelligence Sharing Center, announced today by RILA.”
The Secret Service also says it continues its commitment to promote public and private partnerships through its 33 nationwide Electric Crimes Task Forces and two international crime task groups, which bring together over 6,100 private-sector partners, members of academia and local, state and federal law enforcement.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Black Friday chaos dwindles thanks to earlier deals, online sales
- Employers cut back on holiday office parties
- Fuel cell standoff slows car technology’s rise in popularity
- Key gets stuck in ignition
- $170.4M AmEx charge yields whopping perk for Chinese billionaire
- Nimble Regal ready for winter with all-wheel drive
- Convinced Fed will raise rates in December, investors parse meaning of ‘gradual’ increase
- Stocks close quiet week with little change
- Stop neighbors from stealing your Internet
- Small stores take big gamble by not upgrading credit card readers
- GOP Senators Rubio, Cruz at odds on tougher surveillance law