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  • Target Tech Chief Resigns Following Massive Data Breach

    Target Tech Chief Resigns Following Massive Data Breach

    The chief information officer (CIO) of Target Corporation has turned in her resignation following months of a devastating data breach.

    Since 2008, Beth Jacob served as executive vice president of technology services and chief information officer of the retail company. She first started out as an assistant buyer at a store division in 1984. Then, in 2002 she became the director of Target’s contact centers.

    Most recently, Jacob played a major role in overseeing the company’s latest futuristic technology lab in San Francisco.

    According to the Los Angeles Times, Chief Executive Gregg Steinhafel confirmed in a statement Wednesday that they are now looking for a new interim CIO who can “guide Target through this transformation.”

    Target announced during the holidays that “40 million payment card accounts were hacked during the pre-Christmas shopping season, and added later that about 70 million customers may have also had their addresses, phone numbers and other information compromised.”

    Most customers believed that the one to blame for the breach is Jacob.

    Here is an interview featuring Jacob in January 2013:

    Some experts feel that her resignation may have been in response to the ever-changing roles that a CIO has to conform to daily. Not only does the public expect them to supervise technology, but also the security of the company systems now that data hacking is gaining momentum.

    Jacob apparently left because she felt that it was “time for a change,” but some assume that her departure was definitely provoked by public criticism.

    “People are questioning Target’s security and she was the fall guy,” said a New York-based retail consultant.(image)

    Target’s data theft is reportedly the most notorious scandal ever witnessed in retail history.

    “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,” he said in a statement, according to the Los Angeles Times.

    The corporation is currently working with Promontory Financial Group, which will help them move forward with a $100 million technology and infrastructure renovation. Target plans to implement payment cards designed with encrypted chips. The company expects this new system to improve future security within their information database.

    The company continues to suffer from a decline in consumer loyalty. Since last week, they have witnessed their profits fall 46 percent and their revenue by 5.3 percent.

    Target’s hacking expenses cost the corporation $61 million, but they’re hoping that insurance will cover most of it.

    Here is Steinhafel’s full statement tweeted by a FOX TV reporter:

    Image via YouTube

  • Home Security Systems: It’s All Good ‘Til It’s Hacked

    Home security systems have been flooding the news lately. With the Top Home Security Systems website naming FrontPoint Security once again the #1 system based on it’s great customer service and their use of the latest technology to battle against home invasion, it’s hard to remember a time where the only thing homeowners had to ward off crime was to keep their windows and doors locked.

    But a lot has changed and now where have dozens of company competing and the ability to one-up each other is becoming harder by the day. We are bombarded with the latest videos, motion sensors, interactive and 24/7 customer service. Even with all that, are we truly safe from invasion, or we giving hackers and surveillance’s easier access into our homes?

    According to a press release on PRWeb.com, there are about 2 million home burglaries reported each year. Companies took it upon themselves to lead the fight against this crime but some people are afraid that that kind of wireless access could make a family the center of unwanted attention.
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    Let’s look at it from a current affairs view: America has found out the their privacy has been seriously violated by the people who promise to protect us. Millions of shoppers were thrown into a state of shock when they found out there was a security breach at all Target stores putting their finances in danger. Two people at two completely different airports gained access to the tarmacs without getting caught initially. Are we truly safe from a breach in our home privacy?

    Over the last couple of years there have been complaints of privacy invasions including using there own cameras to gain visual access and the ability to lock and unlock doors. While we praise technology for its advances, we cannot dismiss the fact the when technology fails us, it can be detrimental and sometimes deadly.

    But that fear does not seem to stop companies for obtaining revenue for its home security systems. It seems that the thought of coming home to a emptied house superceeds the thought of someone having access to watching your every move

    Imagery via Wikimedia Commons