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Targets CISO resigns following Data Breach

Targets CISO Beth Jacob has resigned following Targets well publicised data breach during the holidays of last year. The data breach, in which customers details were lifted from the magnetic strip of cards in physical locations across the USA, was a huge blow to the company and has evidently put a huge strain on the current chief information security officer, Beth Jacob.

The breach, which occurred between November 27th and December 15th 2013, involved the uplift of customer details from magnetic strips of cards in locations across the US. Target had confirmed that up to 40 million payment details may have been stolen in the breach, as shoppers across locations in the USA feared for their financial safety.

Following the incident, Target recruited top cyber security and forensic firms to investigate and have estimated that up to 40 million payment details were stolen over the three week period in 2013. Little has been said since the incident occurred until this week, when Beth Jacob – acting CIO for the firm, announced she was stepping down. The company has reportedly stated that they will be looking for an interim chief information officer following this news.

Target CEO Gregg Steinhafel immediately made a statement notifying the public of their intentions to undertake an overhaul of information security and compliance practices in the coming months. The president also mentioned that Target are aware of how rapidly adapting the information security industry is and plans to hire the most experienced, knowledgeable members of staff to assist with investigations as well as bulk up information security controls for the company.

Target CEO Gregg Steinhafel issues a statement following Target's data breach

Target CEO Gregg Steinhafel issues a statement following Target’s data breach

The breach itself is said to have escalated in recent months, with the firm announcing in January that the impact may be a lot further reaching than initially thought. Target believe that the breach may expose names, addresses, phone numbers and email addresses for up to 70 million customers. This increase in the numbers of those affected in addition to the extent of data loss is one that Target may struggle to recover from.

In a bid to maintain customer confidence, Target announced its intentions to implement secure chip-enabled technology in stores and cards to prevent this occurring again. The firm has also offered customers credit monitoring services free for a year in an effort to compensate the loss of confidence that many will have for this large US based company.

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