Newsletters
Customer Relationship Management News NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Click for more information, or
Home CRM Systems Customer Service Contact Centers Business Intelligence More Topics...
GET RECOGNIZED.
Let an ISACA® certification
elevate your career.

Register today and save
Customer Data
DDoS Protection Powered By Verisign
Average Rating:
Rate this article:  
Target Chief Information Officer Resigns in Wake of Breach

Target Chief Information Officer Resigns in Wake of Breach
By Jennifer LeClaire

Share
Share on Facebook Share on Twitter Share on Linkedin Share on Google Plus

"The company will search for an interim chief information officer who can help guide the company through the transformation," Target said in a statement issued to The Associated Press on the resignation of CIO Beth Jacob. "Jacob had been in her current role since 2008 and oversaw teams in the U.S. and India."
 


Target's chief information officer is hanging it up. Beth Jacob is resigning effective Wednesday in the wake of a massive data breach that left a smear on the company's brand and a dent in its profits, according to The Associated Press.

The Target breach led to the theft of 40 million credit and debit card accounts in transactions that occurred from Nov. 27 to Dec. 15. But the data theft took a heavier toll on the retailing giant's customers, affecting about 45.7 million shoppers in 2005. KrebsOnSecurity broke the news last month that at the heart of the costly breach were network credentials stolen from a third-party vendor.

Nevertheless, it appears Jacob is taking the fall.

"Target Chairman, President and CEO Gregg Steinhafel said in a statement released to The Associated Press that the company will search for an interim chief information officer who can help guide the company through the transformation. Jacob had been in her current role since 2008 and oversaw teams in the U.S. and India," the AP reported.

What Really Happened?

Target isn't the only retailer to see a breach recently. Neiman Marcus said after Target's problems became public that it, too, may have been breached. And just Wednesday Sally Beauty Holdings responded publicly to rumors of a systems breach.

"Recently, our systems detected an attempted intrusion into our Sally Beauty Supply LLC network, and we believe we promptly mitigated potential issues arising from this intrusion," the company said in a statement. "As a result of our ongoing investigation, which included assistance from a top-tier security firm, we have no reason to believe there has been any loss of credit card or consumer data. We will continue to investigate and actively monitor this situation."

We caught up with Chester Wisniewski, senior security adviser at Sophos, to get his thoughts on the Target CIO resignation and the Sally Beauty Supply breach. Although he had no comment on Target, he told us details on the Sally breach were scant. That, he said, makes it hard to know what happened.

Would Chip Tech Help?

"It would be a reasonable conclusion that something similar to what happened at Neiman Marcus and Target occurred at Sally Beauty Supply," Wisniewski said. He went on to point out how susceptible American retailers are to this type of attack due to the lack of chip technology in credit cards used in the U.S.

In fact, he's not so sure retailers are 100 percent to blame for the rash of data breaches lately.

"While retailers certainly have a responsibility to customers and shareholders to prevent this type of theft, the best way to solve the problem is to stop using 16 digits as if they are a secret code that unlocks people's bank accounts," Wisniewski said. "The card industry itself has at least as much responsibility for resolving this problem as the merchants."
 

Tell Us What You Think
Comment:

Name:



Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.


 Customer Data
1.   Experian Debuts Anti-Fraud Platform
2.   Black Hat: Security Threats Aplenty
3.   Dynamics CRM Online Extends Reach
4.   Stopping Cyberattacks Like a 'War'
5.   Russian Gang Amass 1.2B Passwords


advertisement
Black Hat: Security Threats Aplenty
A range of nightmares for IT discussed.
Average Rating:
Stopping Cyberattacks Like a 'War'
Experts say crooks are winning so far.
Average Rating:
Dynamics CRM Online Extends Reach
Now available in 17 more countries.
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Chinese Hackers Nab Info on Millions of U.S. Patients
A group of Chinese hackers has stolen the personal information, including names and Social Security numbers, of about 4.5 million patients at hospitals operated by Community Health Systems.
 
Premier FBI Cybersquad in U.S. To Add Agents
After helping prosecutors charge Chinese army officials with stealing trade secrets from major companies and by snaring a Russian-led hacking ring, the premier FBI cyber-squad is getting a boost.
 
Apple Opens iCloud Data Center in China
Treading lightly, Apple acknowledged it has started to store encrypted iCloud personal data of some Chinese users on servers in mainland China, operated by the state-owned China Telecom.
 

Enterprise Hardware Spotlight
Compression, Deduplication Come to Violin Concerto 2200
Violin Memory has announced that data deduplication and compression capabilities are now available on its Concerto 2200 solution. Typically, users will experience deduplication rates between 6:1 and 10:1.
 
Cisco Axes 6,000 Employees in Restructuring Plan
Faced with declining profits, Cisco is laying off up to 6,000 employees in the months ahead -- a whopping 8 percent of its global workforce. That's in addition to the 4,000 jobs Cisco cut last year.
 
Web Slows, Have Internet Routers Reached The Limit?
If you encountered problems connecting to the Internet on August 12, you weren't alone. Networking experts blame the wide-scale slowdown on outdated routing systems that are reaching their limits.
 

Mobile Technology Spotlight
HTC Debuts Windows Phone Version of One M8 Smartphone
HTC is bringing the Windows Phone mobile OS to its flagship One M8 device -- the first time any mainstream flagship smartphone has been offered with a choice of operating systems.
 
Verizon Earns Top Rating in Mobile Network Comparison
A new report says Verizon Wireless was the top-performing U.S. cellphone service provider in the first half of 2014, on a nationwide and state-by-state basis, as well as in metro areas.
 
Sprint Comes Out with Data Guns Blazing
As its new CEO promised, Sprint has rolled out a new aggressively competitive price plan. The shared data plans promise twice the high-speed data and at lower prices than AT&T and Verizon Wireless.
 

Navigation
CRM Daily
Home/Top News | CRM Systems | Customer Service | Contact Centers | Business Intelligence | Sales & Marketing | Customer Data | CRM Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.