April 29 (Bloomberg) — Target Corp. took two big steps to put the holiday data-breach nightmare behind it today.
The second-largest U.S. retailer said in a statement that Bob DeRodes, who has advised the U.S. Department of Homeland Security, the Department of Justice and the Secretary of Defense, will become chief information officer on May 5. The company also named MasterCard Inc. as the provider of the more secure house-brand credit and debit cards it plans to introduce early next year.
Chief Executive Officer Gregg Steinhafel has been working to regain customers' loyalty after hackers stole card data and personal information from tens of millions of shoppers during the holiday season. The Minneapolis-based retailer said earlier this year that it would spend $100 million to accelerate the rollout of cards with better security technology. Beth Jacob, who had served as Target's top technology officer during the breach, stepped down last month.
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