Happy Cinco de Mayo!
Breaking news this Privacy Monday: The fallout from the massive Target Corporation data breach continues. This morning, the Target board announced that Chief Executive Officer Gregg Steinhafel has resigned effective immediately. The company has appointed Chief Financial Officer John Mulligan as interim president and chief executive. Steinhafel spent 35 years with Target, and both his resignation letter and the board’s statement reference the data breach. Steinhafel: “The last several months have tested Target in unprecedented ways.” The board: “Most recently, Gregg led the response to Target’s 2013 data breach. He held himself personally accountable and pledged that Target would emerge a better company. We are grateful to him for his tireless leadership and will always consider him a member of the Target family. ”
Read more: USA Today
A commercial interruption from Privacy & Security Matters: Today, we start a new 5-part series – “Cyber Risks – Director Liability and Potential Gaps in D&O Coverage”
Sally Beauty CEO to Step Down
Steinhafel is not the only CEO hitting the bricks at a company following a data breach. Sally Beauty CEO Gary Winterhalter will resign effective April 30, 2015. The company was criticized for its handling of a recent data breach exposing credit and debit card data of customers.
AOL Admits Data Breach and Advises Users to Update Passwords
Details were few, but AOL did finally ‘fess up to a data breach that apparently allowed spammers to take control of user accounts and send massive amounts of spam through those accounts. AOL recommended that users change passwords. No other details were released regarding how long the breach had been ongoing.
And, we’ll leave you with Things you May Not Know About Cinco de Mayo