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Target Chief Information Officer Takes the Fall for Security Breach

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A top executive at Target has resigned following this winter's terrible security breach that affected 70 million customers and cost banks and consumers an estimated $22 million.

According to NBC, Target's chief information officer, who had been with the company for six years, stepped down effective today.

Target's CEO said of the departure: "As a first step in this effort, Target will be conducting an external search for an interim CIO who can help guide Target through this transformation." The retailer is also working through its tech issues with an external adviser.
· Target Executive Resigns After Credit Card Data Breach [NBC News]
· Here's How Criminals Shacked Up Inside Target's System [Racked]
· Target Breach Actually Worse Than Previously Thought [Racked]
· Target Confirms Encrypted PINs Were Stolen As Well [Racked]