Target CIO Out Following Data Breach

Target CIO Out Following Data Breach
Image credit: Beth Jacob via Twitter

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Former Editorial Director at Entrepreneur Media
1 min read

The executive at the heart of Target's major credit-card security breach is resigning, amid an overhaul of the retailer's digital security.

Beth Jacob resigned effective today as chief information officer, the company said in a note to its employees. Target said it will look outside the company for her replacement.

In addition to replacing Jacob, Target said it plans to hire a chief compliance officer – a role the company didn't previously have.

Related: Preventing Another Target Hack

“While we are still in the process of an ongoing investigation, we recognize that the information security environment is evolving rapidly," Target CEO Gregg Steinhafel said in his letter. "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."

Target faced a sophisticated hack that exposed data from 40 million credit cards and 70 million customers. So far, Target has racked up more than $60 million in charges as a result of the breach, which was one of the largest for a retailer in history.

Related: Target Accelerating Program to Detect Credit-Card Fraud


 

More from Entrepreneur
Our Franchise Advisors will guide you through the entire franchising process, for FREE!
  1. Book a one-on-one session with a Franchise Advisor
  2. Take a survey about your needs & goals
  3. Find your ideal franchise
  4. Learn about that franchise
  5. Meet the franchisor
  6. Receive the best business resources
Make sure you’re covered if an employee gets injured at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business
Make sure you’re covered for physical injuries or property damage at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business

Latest on Entrepreneur