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Target Chief Information Officer Beth Jacob has reportedly resigned as the company moves to recover from a series of data breaches.
The news, reported by the Associated Press, comes as Target is trying to restore trust in the company’s security processes and procedures. Target saw a sales drop off after as many as personal data for as many as 110 million accounts may have been breached.
Jacob had been CIO since 2008. Jacob walked through Target’s approach to mobile commerce, the in-store experience and ironically how point of sale technology leaves an impression. Target’s point-of-sale terminals were at the core of Target’s data breach.
So far, the tab for Target’s data breach has mostly been covered by insurance. The costs for the fourth quarter were $61 million, but $44 million was covered by insurance.
It’s not surprising that Jacob was the one to take the fall. CEO Gregg Steinhafel, who is also under fire amid weaker than expected sales and the data breach, told AP that an interim CIO will be named to work through the transition.
Calls are in to Target and we’ll update as we hear more.
Source: Associated Press