NRF Addresses Cybersecurity Threats

NRFWASHINGTON-To meet the challenges posed by cybersecurity threats, the National Retail Federation has introduced a program that will provide retailers access to information on these issues as identified by retailers, government and law-enforcement agencies, and the financial-services sector.

Developed in consultation with the Financial Services Information Sharing and Analysis Center (FS-ISAC), the program will launch with the establishment of a platform for sharing information for retail industry information security specialists. Plans call for a retail information sharing and analysis center (ISAC) to be formed by June.

Matthew Shay, NRF’s president and CEO, said a platform such as a retail ISAC is crucial in helping retailers fight cyber attacks. “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,” Shay said.

U.S. Sen. Mark Warner (D-Va.)—who, with Sen. Mark Kirk (R-Ill.), called for the establishing of a retail and merchant industry ISAC in a letter to the Federal Trade Commission in February—responded to NRF’s announcement by saying, “Establishing a retail and merchant ISAC will allow the industry to better share information that could help prevent the types of widespread consumer data thefts we are now seeing.”