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Target Tech Chief Beth Jacob Resigns in Security Overhaul

Target is changing their leadership in the wake of the retailer’s massive data breach per CNN Money. The company is looking to hire a new chief of information officer, Target President and CEO Greg Steinhafel said Wednesday.

Replacing current tech chief, Beth Jacob, and hiring two other leadership positions is “an overhaul of our information security and compliance structure and practices at Target,” Steinhafel said.

Jacob’s resignation is effective Wednesday.

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Target and a consulting firm are in the process of evaluating “our technology, structure, processes and talent as a part of this transformation,” he said.

The company is also looking to hire a chief information security officer and a chief compliance officer. Before the overhaul took place, information security functions were split among a variety of executives. Target’s new chief information security office will centralize those responsibilities, the retail giant said.

All three prestigious positions will be filled by external hires, Steinhafel noted. Jacob first started at Target back in 1984, working for the company for almost thirty years. Jacob had been in her current role since 2008 and oversaw teams in both the United States as well as India.

Cybercriminals broke through an online portal for vendors, stealing the payment card and personal information of up to 110 million customers late last year, the retailer has admitted. The credit card information was stolen between Nov. 27 and Dec. 15. Then on Jan. 10, it said hackers also were able to steal personal information – including names, phone numbers, e-mail addresses, and mailing addresses – from as many as 70 million customers.

Retailer Neiman Marcus also admitted it was breached, and the country’s largest crafts retailer, Michael’s, is also looking into whether it, too, was hit. It is still not clear if those attacks, and possibly others, were the works of the same hackers.

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