Tagged Articles

Gregg Steinhafel 4 articles

Target’s President and CEO Gregg Steinhafel officially resigns in midst of data breach aftermath

Just five months after the monumental data breach that brought the massive American retailer to its knees, Target CEO and President Gregg Steinhafel resigned from his positions, including chairman of the board of directors, effective immediately. “Today we are announcing that, after extensive discussions, the board and Gregg Steinhafel have decided that now is the right time for new leadership at Target,” an official statement from Target’s website said this morning. John Mulligan, the company’s chief financial officer, will serve as interim president and CEO during the transition period. According to a letter posted to Target’s website directed to the ... Read More

Target CIO Beth Jacob announces resignation after data breach fiasco

After Target’s monumental data breach that initiated an entire overhaul of its information security and compliance division, Target Corp. Chief Information Officer (CIO) Beth Jacob announced her resignation, effective this Wednesday. She has been in her position with Target since 2008, overseeing teams in both the U.S and India. Gregg Steinhafel, Target Chairman, President and CEO, said in a recent statement to The Associated Press that the company has begun its search for interim chief information officer with the skills to lead Target through its latest transformation. “While we are still in the process of an ongoing investigation, we recognize ... Read More

Security researchers believe to have found the malware responsible for Target security breach

Although Target has remained silent about how exactly they were hacked during 19-day security breach, new details have surfaced regarding what malware on the retailer’s point-of-sale (POS) systems could have been involved. After Target CEO Gregg Steinhafel admitted the removal of malware from Target’s POS machines, Brian Krebs, an independent security journalist, discovered what could have possibly been responsible for the attack affecting an upwards of 70 million credit and debit card accounts. The report by Krebs uncovers a copy of the malware uploaded to Symantec’s malware scanning service known as ThreatExpert.com. The malware, which was uploaded to the website ... Read More

Holiday data breach described by Target’s CEO as “a real punch in the gut”

Target’s CEO, Gregg Steinhafel, told CNBC that the data breach that has left millions of customers’ sensitive personal information exposed was “a real punch in the gut.” After disclosing information about the credit and debit card information cyber-crime, Target’s sales have taken a dramatic turn for the worse. “Clearly customers were confused, they were frustrated, they didn’t really understand,” Steinhafel said. “It was a pretty big impact.” According to YouGov’s BrandIndex, a daily measurement of brand perception among the public, Target’s reputation among shoppers plunged during the final shopping days before Christmas when the security breach was first announced to ... Read More