In a statement submitted today to the U.S. Senate Judiciary Committee, the Retail Industry Leaders Association (RILA) highlights the importance of collaboration in strengthening overall cybersecurity. The letter was submitted for the record ahead of the Subcommittee hearing, “Privacy in the Digital Age: Preventing Data Breaches and Combating Cybercrime.”
"Retailers take the threat of cyber attacks extremely seriously and work diligently every day to stay ahead of the sophisticated criminals behind them," Bill Hughes, senior vice president of government affairs at RILA, stated in the letter. "Retailers employ many tactics and tools to secure data, such as data encryption, tokenization and other redundant internal controls, including a separation of duties. While these enhanced security measures help to rebuff attacks, retailers are constantly working to expand existing cybersecurity efforts."
As part of the Cybersecurity and Data Privacy Initiative launched on January 27, RILA is forming the Retail Cybersecurity Leaders Council (RCLC) to allow retailers to share treat information in a trusted forum. Further, RILA is calling for the development of both federal data breach notification legislation and federal cybersecurity legislation.
“Made up of senior retail executives responsible for cybersecurity, the RCLC will aim to improve industry-wide cybersecurity by providing a trusted forum for all stakeholders to share threat information and discuss effective security solutions,” continued Hughes in the letter. “RILA will engage with federal lawmakers and other stakeholders to develop sound and effective data breach notification and federal cybersecurity legislation that sets a national baseline to preempt the current patchwork of state laws and supports information sharing between the public- and private sectors.”
Read the full statement here.
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.