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Gregg Steinhafel is the latest and most prominent causality of the data breach

There continues to be fallout from the Target security breach that occurred from November 27 through December 15 of last year. During that time, 40 million Target customers had their credit/debit card information stolen while the personal information (addresses, phone numbers, email addresses) of another 70 million customers was compromised.
 
Detailed reports that followed the breach show that Target was negligent in security protocols and failed to identify numerous warnings signs that its systems were being attacked.


Gregg Steinhafel
 
The latest casualty from the Target scandal is Gregg Steinhafel, who served as Chairman, President and CEO. Target’s board of directors today announced Steinhafel’s resignation, which is effective immediately. While Steinhafel, a 35-year Target veteran, will stay onboard in an “advisory capacity”, CFO John Mulligan will step in as interim President and CEO until a permanent replacement is found.
 
“The board is deeply grateful to Gregg for his significant contributions and outstanding service throughout his notable 35-year career with the company,” said Target’s board of directors in a press release. “We believe his passion for the team and relentless focus on the guest have established Target as a leader in the retail industry.”
 
Beth Jacob, Target’s Chief Information Officer (CIO) during the data breach, resigned back in March. Target announced that Bob DeRodes would replace Jacob, and today marks his first day on the job.

Sources: Target [1], [2]



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This article is over a month old, voting and posting comments is disabled

By Brandon Hill (blog) on 5/5/2014 12:38:03 PM , Rating: 2
Yeah, Target ;)


By retrospooty on 5/5/2014 1:55:53 PM , Rating: 2
LOL... True.

But it has to cost the CC companies alot to replace cards. Mine called me and replaced it 2 months ago because of the Target Breach. Some team of people had to research what cards were use at Target at what date. Customer service had to contact them, and new cards had to be issued. It all costs money. Not billions, but certainly millions.


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