Target Tech Chief Resigns After Security Breach

NEW YORK (AP) — Target Corp. says Chief Information Officer Beth Jacob is resigning effective Wednesday as the retailer overhauls its information security and compliance division in the wake of a massive data breach.

In a statement released to the Associated Press, Target’s President and CEO Gregg Steinhafel says the company will search for an interim chief information officer who can help guide the company through the transformation.

Jacob had held the job since 2008.

Target also will look outside the company for a chief information security officer as well as a chief compliance officer. The company says it’s working with an outside adviser, Promontory Financial Group, to evaluate its technology, structure, processes and talent as part of the overhaul.

Target is based in Minneapolis.

Source: Associated Press

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