by Angela Guess

According to a new press release, “While retailers are getting better at combatting cybersecurity threats to customer data, few are prepared to combat the fraud that happens after a hack. A new cooperative effort announced today between LexisNexis Risk Solutions and the Retail Cyber Intelligence Sharing Center (R-CISC) will give retailers new resources for bridging the gap between cyber theft and fraud prevention. The R-CISC is the retail industry’s cybersecurity consortium for sharing intelligence, alerts and solutions to fight cyber threats. LexisNexis Risk Solutions will join the consortium as a Premier Associate Member, and make available to R-CISC members the many fraud-fighting services available within its LexisNexis® Fraud Defense Network.”

The release goes on, “In turn, LexisNexis Risk Solutions will leverage the alerts and threat intelligence in R-CISC’s arsenal to enhance its products and services for its retail customers. The R-CISC will also make available its analysts and capabilities to help LexisNexis Risk Solutions assess its own cyber alerts. The collaboration is one of the first to combine the substantial resources of identity theft and fraud prevention organizations to offer retailers an end-to-end solution for mitigating their cyber risks. We recently sat down with Vikram Dhawan, Sr. Director Product Management of LexisNexis Risk Solutions; Kimberly Sutherland, Senior Director, Fraud Management of LexisNexis Risk Solutions along with Brian Engle, Executive Director of R-CISC to discuss the ramifications of the announcement.”

Read more at Business Wire.

Photo credit: LexisNexis