March 13, 2014
When asked to respond to a list of specific questions about the incident and the company’s lack of an immediate response to it, Target Chairman, President, and Chief Executive Officer Gregg Steinhafel issued an e-mailed statement: “Target was certified as meeting the standard for the payment card industry (PCI) in September 2013. Nonetheless, we suffered a data breach. As a result, we are conducting an end-to-end review of our people, processes and technology to understand our opportunities to improve data security and are committed to learning from this experience. While we are still in the midst of an ongoing investigation, we have already taken significant steps, including beginning the overhaul of our information security structure and the acceleration of our transition to chip-enabled cards. However, as the investigation is not complete, we don’t believe it’s constructive to engage in speculation without the benefit of the final analysis.”
Next time, assuming you get another shot at us, be responsible and DO SOMETHING!
If we all decide to only pay with cash, preferably small bills and lots of change, maybe they will learn to treat our cards and other personal data with some respect.
Read about it here.