Retail, Financial Services Groups Fight Against Cyberthreats

Law360, New York (February 13, 2014, 4:26 PM EST) -- Several retail and financial services trade associations said Thursday they will work together on cybersecurity issues, including increasing information sharing, improving card security technology and maintaining the trust of customers.

In the wake of massive data breaches at Target Corp. and Neiman Marcus Ltd. LLC, the 14 groups involved in the effort, including the Retail Industry Leaders Association and the Financial Services Roundtable, said more must be done to protect information collected during customer payments that occur in an “ecosystem” of retailers, banks, card companies, processors,...
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