Target Corp., Minneapolis, said Beth Jacob, its CIO, is leaving the company as part of a major overhaul of its information security and compliance structure following a major data breach late last year.
According to Gregg Steinhafel, chairman, president and CEO, “While we are still in the process of an ongoing investigation, we recognize the information security environment is evolving rapidly.
"To ensure that Target is well positioned following the data breach, we are undertaking an overhaul of our information security and compliance structure and practices. As a first step, Target will be conducting an external search for an interim CIO who can help guide [the company] through this transformation.”
Steinhafel also said Target plans to elevate the role of its chief information security officer and hire someone from outside the company to fill the position, and it will begin an external search for a chief compliance officer.
In addition, he said Target has hired Promontory Financial Group, Washington D.C., to help the company evaluate its technology structure, processes and talent as part of the transformation of its security systems.
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