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Report: Target exec apologizes for breach in Senate testimony
Minneapolis – John Mulligan, executive VP and CFO of Target, said the retailer is deeply sorry for its late 2013 data security breach and is aware that consumer confidence in the company is shaken; his comments came during Feb. 4 testimony before the Senate Judiciary Committee.
According to Reuters, Mulligan also said that Target discovered 25 registers infected with malware on Dec. 18, contradicting an earlier statement from the retailer that all malware had been removed by Dec. 15.
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Target CEO absent from DC debate
Target CFO John Mulligan ably represented the company in testimony before a Senate committee on Tuesday, but the one in the hot seat should have been chairman, president and CEO Gregg Steinhafel.
Recall when the nation’s bankrupt automakers needed a bailout, it was the CEOs of General Motors and Chrysler who appeared before legislators. And when big banks came under fire for their role in the housing crisis it was the financial firms’ CEOs who endured lawmakers pointed questions.