Target's VP of security says collaboration best weapon against cyber threats

Collaboration is the key to cyber security. This was the underscored message delivered by Target's (NYSE:TGT) top security team as the retailer tries to move past the massive data breach of 2013.

Ralph Boelter, VP of corporate security, and Brad Maiorino, senior VP and CISO, stopped to answer a few questions on Target's blog, A Bullseye View, before going on to represent the retailer at the annual Aspen Security Forum.

Organizations need to work together, which includes sharing threat information and best practices to optimize security in the current environment of highly sophisticated criminals, according to Boelter.

Maiorino said Target would be a leader in the collaboration across the industry, citing the retailer's data breach in 2013 as a learning opportunity. Still, the event compromised the credit and personal information of more than 70 million Target shoppers.

"While Target's breach was one of hundreds that took place in 2013, the visibility we received provides an opportunity for all of us, an opportunity to move forward by leading future cyber security efforts," Maiorino said. "By working together we can identify new approaches to help develop a more secure environment." 

Maiorino joined Target just last month as the retailer's first chief information security officer.

Discussing precautions being taken to curb potential breaches in the future, Boelter spoke of Target's membership with the Financial Services Information Sharing & Analysis Center and its role on the board of the Retail Industry Leaders Association's newly launched Retail Cyber Intelligence Sharing Center. In addition, the retailer is part of the Domestic Security Alliance Council and Overseas Security Advisory Council, two organizations that share intelligence threat best practices.

"At Target, our guests are at the center of everything we do. We are encouraged by the progress we are seeing across the industry and will continue to be an active player in this area," Maiorino said.

For more:
-See this A Bullseye View blog

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