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Target CIO Resigns After Data Breach

06
Mar
2014

Retail giant Target said Wednesday that its chief information officer, Beth Jacob, has resigned effective immediately after the massive data breach late last year that exposed millions of customer payment card numbers and hurt company profits.

“While we are still in the process of an ongoing investigation, we recognize that the information security environment is evolving rapidly,” Gregg Steinhafel, Chairman, President and CEO of Target, said in a statement released to SecurityWeek.

“To ensure that Target is well positioned following the data breach we suffered last year, we are undertaking an overhaul of our information security and compliance structure and practices at Target.”

According to Steinhafel, the company is conducting an external search for an interim CIO.

“We will also be elevating the role of the Chief Information Security Officer and hiring externally for this position,” he said. “Additionally, we will be initiating an external search for a Chief Compliance Officer.”

Steinhafel said Target is also working with Promontory Financial Group to help evaluate the company’s technology, structure, processes and talent as a part of the transformation.

*Headline adjusted from “over’ to “after”

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Managing Editor, SecurityWeek.Previous Columns by Mike Lennon:Microsoft Shares Untold Story Behind Security Development Lifecycle Target CIO Resigns After Data BreachSmuckers Shutters Online Store After BreachFireEye Publishes 2013 Advanced Threat ReportRecent IE Zero-Day Used in Widespread Attacks: Symantec

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