National Retail Federation Announces Information-Sharing Platform

  National Retail Federation Announces Information-Sharing Platform

   First Step in Establishment of Retail and Merchant Industry Information
                Sharing and Analysis Center for Cybersecurity

Business Wire

WASHINGTON -- April 14, 2014

The National Retail Federation is moving forward with the creation of a
program that will provide retailers access to information on cybersecurity
threats identified by retailers, government and law enforcement agencies and
partners in the financial services sector. The program, developed in
consultation with the Financial Services Information Sharing and Analysis
Center (FS-ISAC), will launch with the establishment of an information-sharing
platform for retail industry information security specialists, and plans call
for a retail ISAC to be established in June.

“We believe a heightened and well coordinated information sharing platform
such as a retail ISAC is a vital component for helping retailers in their
fight against cyber attacks,” NRF President and CEO Matthew Shay said.
“Establishing a new program takes time, but time is not our friend when it
comes to stopping these sophisticated and unpredictable criminals. 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.”

Responding to the NRF announcement, Senator Mark Warner (D-VA) said,
“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 now are seeing. I am pleased to see FS-ISAC collaborating with
retailers to establish a tool for real-time sharing of information and best
practices around the serious and growing threat of hacking, cyber and identity
theft.” In early February of this year, Senators Warner and Mark Kirk (R-IL)
called for the establishment of a Retail and Merchant Industry ISAC in a
letter to the Federal Trade Commission.

Cy Fenton, senior vice president, information technology (CIO) at
Books-A-Million, Inc. said, “As an industry, it is critically important that
we continue to work together and identify problems while providing solutions
that prevent criminal hacking and the resulting data breaches. The safety and
security of our customers unites retailers large and small, and information
sharing is one of several important steps we are taking in order to achieve
this mission critical goal.”

Fenton is chairman of the IT Security Council, a sub-committee of the NRF CIO
Council, composed of CIOs and other technology experts from over 120 leading
retailers and industry partners. The group has been meeting regularly to
discuss existing cybersecurity programs as well as exploring new opportunities
for retailers.

“In partnership with key stakeholders, NRF is committed to finding
broad-based, long-term solutions to ensure that consumers’ sensitive
information remains secure. It is a retailer’s top priority,” Shay said.
“Implementing robust security solutions with innovative technologies and
information sharing to protect consumer data and the integrity of our payment
systems is a start, but we will always need to stay one step ahead of these
determined criminals.”

Recently, representatives from NRF held in-depth discussions with the United
States Secret Service and other law enforcement agencies for insight and
guidance on how to improve communication, identify available resources and
collaborate more effectively to help retailers combat criminal cyber activity.

NRF has also retained the services of Kim Peretti, a partner in the law
offices of Alston and Bird, LLC. Peretti is part of the firm’s White Collar
Crime Group and co-chairs the Security Incident Management and Response Team.
She is also a former director of PricewaterhouseCoopers’ cyber forensic
investigation unit and a former senior litigator for the Department of
Justice's Computer Crime and Intellectual Property Section.

As announced in January, the NRF is working closely with the cybersecurity
professionals from The Chertoff Group, providing NRF members with the highest
level of insight and guidance in risk management and cybersecurity expertise.

NRF is the world’s largest retail trade association, representing discount and
department stores, home goods and specialty stores, Main Street merchants,
grocers, wholesalers, chain restaurants and Internet retailers from the United
States and more than 45 countries. Retail is the nation’s largest private
sector employer, supporting one in four U.S. jobs – 42 million working
Americans. Contributing $2.5 trillion to annual GDP, retail is a daily
barometer for the nation’s economy. NRF’s This is Retail  campaign highlights
the industry’s opportunities for life-long careers, how retailers strengthen
communities, and the critical role that retail plays in driving innovation.


National Retail Federation
Stephen Schatz or Bethany Aronhalt, 855-NRF-PRESS
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