Gregg Steinhafel resigned as chairman, president and CEO at Target Corp. in the wake of a massive data breach. Security experts say the CEO’s resignation reflects a shift in corporate thinking about cybersecurity and financial fraud. But holding retail executives responsible for cybersecurity could have devastating effects on the company, experts say. Target’s profit for the first quarter of its fiscal year 2014 dropped 46 percent, compared with the same period a year earlier. Target also committed to migrating its entire REDcard portfolio from-strip technology to chip and PIN technology.”]
Source: https://www.cuinfosecurity.com/did-targets-ceo-need-to-go-a-6815