My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Technology / Target

Target CIO Out Following Data Breach

Target CIO Out Following Data Breach
Image credit: Beth Jacob via Twitter
- Guest Writer
Editor-at-Large
1 min read
Opinions expressed by Entrepreneur contributors are their own.

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


 

Target to Get Tough With Vendors to Speed Up Its Supply Chain