Target Partners With Other Retailers On Cyber Security
Target, along with a handful of other retail giants, has partnered with the Retail Industry Leaders Association (RILA) to launch the Retail Cyber Intelligence Sharing Center (R-CISC), a new program through which the companies will share cyber threat information among themselves and public and private shareholders.
Also participating in and supporting the R-CISC initiative are American Eagle Outfitters, Gap, J.C. Penney Company, Lowe’s Companies, Nike, Safeway, VF Corporation, and Walgreen Company.
The purpose of the new center is to allow retailers to collaborate with one another—as well as outside stakeholders including the U.S. Department of Homeland Security, the U.S. Secret Service, and the FBI—in order to strengthen their defenses against cyber attacks and better protect their customers.
“Retailers place extremely high priority on finding solutions to combat cyber attacks and protect customers,” RILA President Sandy Kennedy said in a statement. “In the face of persistent cyber criminals with increasingly sophisticated methods of attack, the R-CISC is a comprehensive resource for retailers to receive and share threat information, advance leading practices, and develop research relevant to fighting cyber crimes.”
Target’s Director of Corporate Security Intelligence Jenny Ley will sit on the R-CISC’s board of directors, along with senior retail executives from most of the other major companies participating in the effort.
This partnership marks another step in Target’s journey to fix the problems caused by its massive data breach at the end of last year. In addition to reconfiguring its tech security team in recent months, Target also announced plans to strengthen its anti-virus tools with a $100 million investment in the adoption of chip-enabled payment device technology.
Meanwhile, the Pioneer Press reported that nearly 100 lawyers convened Wednesday in a federal courtroom in St. Paul to discuss the more than 140 lawsuits that were filed against Target by consumers, shareholders, and banks. The newspaper reported that the cases will be segmented into three clusters: 111 consumer lawsuits, 29 lawsuits from banks and credit unions, and four shareholder lawsuits.