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”
For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.
More from Mike Lennon
- ‘No Evidence’ of Cyberattack Related to FAA Outage, White House Says
- SecurityWeek to Host 2022 ICS Cybersecurity Conference October 24-27 in Atlanta
- Google Completes $5.4 Billion Acquisition of Mandiant
- Cybersecurity Firm ZeroFox Begins Trading on Nasdaq via SPAC Deal
- HUMAN Security and PerimeterX Merge on Mission to Combat Bots
- Last Call: CFP for ICS Cybersecurity Conference Closes July 15th
- Johnson Controls Acquires Tempered Networks to Shield Buildings From Cyberattacks
- Snowflake Launches Cybersecurity Workload to Find Threats Across Massive Data Sets
Latest News
- SecurityWeek Analysis: Over 450 Cybersecurity M&A Deals Announced in 2022
- 20 Million Users Impacted by Data Breach at Instant Checkmate, TruthFinder
- Cyber Insights 2023 | Zero Trust and Identity and Access Management
- Cyber Insights 2023 | The Coming of Web3
- European Police Arrest 42 After Cracking Covert App
- Florida Hospital Cancels Procedures, Diverts Patients Following Cyberattack
- VMware ESXi Servers Targeted in Ransomware Attack via Old Vulnerability
- Fraudulent “CryptoRom” Apps Slip Through Apple and Google App Store Review Process
