(The Hosting News) – Following the massive data breach that stole more than 110 million customers credit cards and personal data in late 2013, Target’s Chief Information Officer has officially resigned.
According to the LA Times, Beth Jacob’s resignation is effective on Wednesday as the company quickly searches for an interim replacement that can “help guide the company through the transformation.”
“While we are still in the process of an ongoing investigation, we recognize that the information security environment is evolving rapidly,” said Target Chief Executive Gregg Steinhafel . “To ensure that Target is well positioned following the data breach we suffered last year, we are undertaking an overhaul of our information security and compliance structure and practices at Target.”
Jacob had been in her current position with the retailer since 2008 in which she oversaw the company in Indian and the U.S.
In mid Decemeber, Target revealed that around 40 million paymet cards had been stolen in an attack, in which the company later added another 70 million customers addresses, phone numbers, and other information had been compromised as well.
Last week, the company revealed that its fourth-quarter profits decreased by 46% as well a a 5.3% decrease in revenue.