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Target Seeks New CIO

Data breach last year prompts CIO Beth Jacob to resign; Target will hire interim CIO and chief compliance officer.

Target is looking for a new chief information officer following the resignation of CIO and executive VP of technology services Beth Jacob on Wednesday.

As the company's top technology executive, Jacob had responsibility for Target's computer systems and network, which succumbed to hackers late last year, enabling a massive data breach.

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The breach began on Nov. 27, was confirmed on Dec. 15, and ended on Dec. 18. The company initially said 40 million credit and debit card accounts were affected, but its investigation subsequently revealed that a separate set of data, stored elsewhere and covering 70 million accounts, also had been stolen.

One of the largest retail data thefts ever, the incident contributed to a 40% decline in the profit reported by the company last month.

Jacob started with Target in 1984 as an assistant buyer. She left in 2002 then returned to the company in 2006. She was appointed CIO in 2008.

...Read the full story on InformationWeek… Thomas Claburn has been writing about business and technology since 1996, for publications such as New Architect, PC Computing, InformationWeek, Salon, Wired, and Ziff Davis Smart Business. Before that, he worked in film and television, having earned a not particularly useful ... View Full Bio

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Wall Street & Technology - July 2014
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