The Retail Industry Leaders Association (RILA) announced the latest in a string of partnerships to enhance cybersecurity in the wake of data breaches at several retailers including Target (NYSE: TGT), Neiman Marcus and Michaels Stores.
The new partnership with the National Cyber-Forensics and Training Alliance (NCFTA) is positioned to enhance cybersecurity information sharing and expand retailers' proactive and vigilant approach to cyber threats to protect consumers against criminals. Partnering with the NCFTA is one of several approaches RILA is taking to enhance collaboration across the entire payments system. Last week, RILA announced it is joining forces with the Financial Services Roundtable to lead a partnership between the merchant and financial services industries.
"Our partnership with NCFTA is one of many information sharing models we are pursuing as part of our multi-solution approach to cybersecurity," said Lisa LaBruno, senior vice president of retail operations at RILA. "Collaboration among retailers and other stakeholders is essential to detecting threats early on and combatting cyber-criminals."
Improving industry-wide cybersecurity capabilities by sharing threat information, exploring innovative technologies and enhancing the security of the payments system are crucial components of RILA's cybersecurity and data privacy initiative. RILA's partnership with the NCFTA, a non-profit corporation specializing in establishing public-private partnerships, will provide a trusted forum through which retailers can collaborate on effective solutions to combat cyber criminals in a cooperative environment.
The RILA and NCFTA partnership is supported by RILA's Retail Cybersecurity Leaders Council (RCLC), comprised of retail information security executives from among RILA's membership. This partnership will expand retailers' networks to include academia, law enforcement, financial institutions and other industries. In March, the RCLC will convene at the NCFTA in Pittsburgh to kick off the information sharing process across industries.
-See the RILA announcement
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