Three food industry trade groups have fired back at the National Association of Federal Credit Unions after the group wrote a letter to President Obama asking for the government to legislate a standard for national data security for retailers.
The NAFCU letter pointed to data breaches at Supervalu, UPS, Jimmy John’s and Community Health Systems, and the lasting impact of the Target data breach.
In response, the National Grocers Association, the National Association of Convenience Stores and the National Restaurant Association cited a Verizon Data Breach Report that found that the majority of data security incidents with data losses in 2013 occurred in financial institutions — 34% — while the retail and restaurant industry had only 10% of those cases.
“Given these figures, and the news that 76 million accounts were compromised in the recent JP Morgan Chase breach, the financial industry should not be pretending that data security is a retail problem,” the letter to Obama said.
The food industry letter also criticized the security of U.S. financial institutions’ debit and credit cards compared to those used other countries that require a pin number.
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