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Gregg Steinhafel

Target Tech Chief Beth Jacob Resigns

Target (NYSE:TGT) said its chief information officer will resign as the company overhauls its digital security following one of the worst credit card breaches in history.The Minneapolis-based retail giant issued a note to employees saying Beth Jacob resigned effective Wednesday. The company plans to hunt for her replacement externally.Target will also look to hire a chief compliance officer, a new role at the company, and says it will elevate the role of chief information security officer and conduct an external search to fill it."While we are still in the process of an ongoing investigation, we recognize that the information security environment is evolving rapidly," Target CEO Gregg Steinhafel said in a statement. "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."The retailer last week reported a 46% decline in earnings as the data breach cut into...

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    Target Corp warned on Wednesday its annual profit was likely to be near the low end of its forecast as it anticipates continued cautious consumer spending, the lates...

  10. Target 2Q Profit Weighed Down By Canada Costs

    Target (NYSE:TGT) said Wednesday its second-quarter earnings were down 13% on costs related to its expansion into Canada, while the discount retailer saw weaker-than...

  11. Target Suffers 29% Drop in 1Q Net, Cuts Forecast

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  12. Target Net Drops 29% on Soft Sales, Lowers Year View

    Target Corp.'s (TGT) fiscal first-quarter earnings fell 29% as the retailer reported lower sales amid softness in seasonal and weather-related categories.Target lowe...

  1. Target's Information Chief Leaves After Breach

    Beth Jacob, Target Corp.'s chief information officer, is leaving as the No. 2 U.S. discounter is still dealing with the aftermath of a massive data breach that poten...

  2. Target CEO: Sales Recovering From Data Breach

    In a reassuring sign to investors, Target Corp. Chief Executive Gregg Steinhafel said on a conference call Wednesday that the company's sales have started to recover...

  3. Data Breach Cuts Into Target's 4Q Profit

    Target's (NYSE:TGT) earnings tumbled 46% in the fourth quarter, as the fallout from a massive data breach during the holiday shopping season cut into the retailer's ...

  4. Expect less and pay more with Target's credit monitoring

    First Target dropped the ball by failing to protect 40 million customers whose payment card data was stolen by hackers and another 70 million shoppers whose names, a...

  5. Are Chip-Based Cards in the Near Future?

    The recent massive data breaches at retailers over the holiday season that compromised at least 70 million customers' credit card information have some experts predi...

  6. Senators Ask Target for More Breach Info

    Two key U.S. senators have written to Gregg Steinhafel, chief executive officer of Target Corp, seeking "detailed information" on the hacking of credit and debit car...

  7. Target Apologizes Again, Still Vague on Details

    Target Corp began a major public relations effort on Monday to apologize to customers for an unprecedented cyber attack on its network, but the No. 3 U.S. retailer w...

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