NRF Calls For Anti-Fraud Dealer Collaboration
In the wake of the recent breach of Target and other major retailers, the National Retail Federation said Monday that retailers should take a “collaborative approach” to fighting fraud- and that Congress should help too.
“When a criminal breach occurs in the payments system, all of the businesses that participate in that system and their shared customers are victimized,” NRF Senior Vice President and General Counsel Mallory Duncan said in a statement. “Rather than resort to blame and shame, the parties should work together to ensure that the data breach is remedied and steps are taken to prevent and mitigate future breaches.”
Duncan was scheduled to testify before Congress on the issue on Monday.