Major trade groups for the retail and financial services industries have joined forces to fight hackers, announcing on Thursday a cybersecurity partnership intended to better protect consumers after the massive data breaches at Target Corp. and Neiman Marcus Group Ltd.
The 13-member coalition will encourage information sharing, new payment-card security tools, and collaboration on protections for payments made with mobile phones and other devices. The partnership includes the Retail Industry Leaders Association, Financial Services Roundtable, American Bankers Association, American Hotel & Lodging Association, Clearing House Association and Payments Co., Consumer Bankers Association, Food Marketing Institute, Independent Community Bankers of America, International Council of Shopping Centers, National Associations of Convenience Stores, National Grocers Association, National Restaurant Association and National Retail Federation.
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