An executive of Target Corp. says the retailer has taken actions to shore up security following the massive breach of millions of consumers’ data during the holiday season. He urged banks, retailers and the government to work together to protect consumers.
Congress began a series of hearings Monday before a Senate banking subcommittee into the massive data breach at Target and other retailers. The Secret Service was grilled about when Target told then about the breach, and another hearing is slated for Tuesday. That’s when Target CFO John Mulligan will be in the hot seat.
Target is promoting John Mulligan to chief financial officer. The move is effective April 1.