Welcome!

News Feed Item

Retailers Expand their Commitment to Cybersecurity and Data Privacy

New collaborative initiative builds upon retailers' existing efforts and reflects deep commitment to protecting consumer data

ARLINGTON, Va., Jan. 27, 2014 /PRNewswire-USNewswire/ -- The Retail Industry Leaders Association (RILA) announced today that it will expand its commitment to cybersecurity and data privacy by launching a comprehensive initiative to address evolving cyber-threats and to promote additional safeguards for personal data in the payment ecosystem. The RILA Cybersecurity and Data Privacy Initiative seeks to bring public- and private-sector stakeholders together to enhance existing cybersecurity and privacy efforts, inform the public dialogue, and build and maintain consumer trust.

"Retailers place extremely high priority on data security and invest tremendous resources to prevent attacks, but cyber-criminals are persistent and their methods of attack are increasingly sophisticated. Enhanced security measures help to thwart attacks, but unfortunately some attacks have been successful and the resulting incidents have affected millions," said RILA President Sandy Kennedy. "By working together with public-private sector stakeholders, our ability to develop innovative solutions and anticipate threats will grow, enhancing our collective security and giving customers the service and peace of mind they deserve."

The initiative is organized around three major components.   

1.  Strengthening Overall Cybersecurity:

Formation of a Retail Cybersecurity Leaders Council – Retailers rebuff cyber threats nearly every day and the resulting lessons can strengthen protections across the entire industry. The Retail Cybersecurity Leaders Council, made up of senior retail executives responsible for cybersecurity, will aim to improve industry-wide cybersecurity capabilities by sharing threat information and discussing effective security solutions in a trusted forum.       

Federal Data Breach Notification Legislation – RILA will engage with lawmakers to develop federal data security breach notification legislation that sets a national baseline. 

Federal Cybersecurity Legislation – RILA will work with policymakers to help develop federal cybersecurity legislation focused on measures widely viewed as being effective to strengthen cybersecurity for our nation's critical infrastructure, such as the financial system.  At a minimum, this legislation should include support for appropriate information-sharing mechanisms between the private and public sectors.

2. Improving Payments Security:

Eliminate the Mag-Stripe: The existing magnetic stripe technology used on credit and debit cards issued in the United States is antiquated. RILA will urge that it be phased out in favor of the better technology widely used throughout the world.

Universal PIN Security and Chip-based Smart Card Technology - RILA will continue to press the card networks and the issuing banks to migrate to universal PIN security and chip-based smart card technology. In the event of a successful cybersecurity breach, the dynamic security features of such technology effectively prevent the use of stolen data.   

System Wide Collaboration - Enhanced card security would be an important first step, but innovation is needed to outpace criminal threats. Therefore, we will seek to forge deeper partnerships with other members of the payments ecosystem to collaborate on migration to near-term card security enhancements, new technologies and long-term, comprehensive solutions to the threats.

3.  Addressing Consumer Privacy:

The Retail Data Story - Consumers want and expect data about them to be protected and secure. They also want tailored services and shopping options yet may have questions about the data-related means required to provide them. RILA will work with partners to describe how data is used to provide the experience that consumers demand and share the great lengths that retailers go to protect the data they collect. Where useful, we will help promote data practices and policies that are consistent with RILA's privacy principles. 

To learn more about the RILA Cybersecurity and Data Privacy Initiative visit www.rila.org/cybersecurity.

RILA is the trade association of the world's largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.

SOURCE Retail Industry Leaders Association

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
18th Cloud Expo, taking place June 7-9, 2016, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some...
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
How will your company move to the cloud while ensuring a solid security posture? Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is ...
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
SYS-CON Events announced today that Hanu Software will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Leveraging best-in-class people, processes, and technologies, Hanu provides high-quality, high-value software development and business process outsourcing services to independent software vendors (ISVs) and enterprises.
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
SYS-CON Events announced today that IBM Cloud Data Services has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. IBM Cloud Data Services offers a portfolio of integrated, best-of-breed cloud data services for developers focused on mobile computing and analytics use cases.
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...