March 05, 2014
Heather Bearfield, National Technology Assurance Services Practice Group Leader, Quoted in Reuters Article, "Target Announces Technology Overhaul, CIO Departure."
By Aditi Shrivastava and Maria Ajit Thomas
Target Corp announced an overhaul of its information security practices and the resignation of its chief information officer as the retailer tries to reassure customers and investors after a massive data breach late last year.
CIO Beth Jacob is the first high-level executive to leave the company following the breach, which led to the theft of about 40 million credit and debit card records and 70 million other records of customer details.
Jacob, who comes from a sales background and has been CIO since 2008, will be replaced by an external hire, Target said in an email to Reuters on Wednesday.
"I believe this is definitely a measure in restoring faith and really showing that they are taking the breach seriously," Heather Bearfield, who runs the cybersecurity practice for accounting firm Marcum LLP, told Reuters.