Banks are gearing up for a big fight with retailers over who covers the cost of cyber attacks, after they paid most of the bill for breaches that they blamed on retailers’ own security deficiencies.

In a rare show of unity, industry bodies that represent banks are banding together to urge lawmakers to introduce legislation that would force retailers to pay for the clean-up themselves during the new session of Congress next year.

via Banks take on retailers over who foots cyber attacks bill – FT.com.