News

Target CFO to testify before Senate in data breach investigation

Target CFO to testify before Senate in data breach investigation

TARGETED: Last week, Democratic lawmakers called for a congressional inquiry into the hacking of credit and debit card data of tens of millions of customers of the No. 3 U.S. retailer during the holiday shopping season. Photo: Associated Press

(Reuters) – Target Corp’s chief financial officer will testify before the U.S. Senate Judiciary Committee on Feb. 4 about a massive data breach in what is likely to be the first time the retailer publicly answers questions about the unprecedented attack.

The committee is chaired by Senator Patrick Leahy, a Vermont Democrat and author of one of the few data security bills under consideration.

John Mulligan, who is executive vice president as well as chief financial officer, oversees Target’s financial portfolio, including finance and retail services, company spokeswoman Molly Snyder said in an email confirming his appearance before the panel.

Representatives of the Federal Trade Commission, the Secret Service and the Department of Justice are also slated to testify at the hearing, according to the committee’s schedule.

Last week, Democratic lawmakers called for a congressional inquiry into the hacking of credit and debit card data of tens of millions of customers of the No. 3 U.S. retailer during the holiday shopping season.

Target, based in Minneapolis, has said a breach of its networks resulted in the theft of about 40 million credit and debit card records and 70 million other records with customer information.

Privately owned luxury retail chain Neiman Marcus has said it too was victim of a cyber attack, and sources have told Reuters other retail chains have been hacked.

In a post on Neiman’s website dated Jan. 22, Chief Executive Officer Karen Katz said data tied to about 1.1 million customer payment cards could have been exposed as part of the breach from July 16 to Oct. 30.

So far, about 2,400 payment cards used at Neiman Marcus’ various chains have been used fraudulently, Katz said, citing notification from credit card networks Visa Inc, MasterCard Inc and Discover Financial Services.

(Reporting by Alina Selyukh, Dhanya Skariachan and Phil Wahba; Editing by Jonathan Oatis)

Recent Headlines

in Local Sports

King Felix to start Mariners opener

Fresh
This is a 2014 photo of pitcher Felix Hernandez of the Seattle Mariners baseball team. This image reflects the Mariners active roster as of Thursday, Feb. 20, 2014, when this image was taken.

In 7 career opening day starts Hernandez is 5-and-0 with a 1.52 ERA.

in Local Sports

Longtime Washington State baseball coach dies

wsu cougars washington state univeristy pac 12 football logo

Chuck "Bobo" Brayton, the long-time Washington State baseball coach and college Hall of Famer who had 1,162 career wins, has died at the age of 89.

in Sports

Hot Rod Hundley, former NBA player and Jazz announcer, dies

image

The Jazz said Hundley died at his home in the Phoenix area Friday night.

in Sports

NCAA on KPUG: Notre Dame looking for luck of the Irish vs. Kentucky; Arizona & Wisconsin rematch

The Notre Dame mascot performs during the first half of an NCAA college basketball game against Miami in the quarterfinals of the Atlantic Coast Conference tournament in Greensboro, N.C., Thursday, March 12, 2015.

NCAA Tournament on KPUG: Arizona vs. Wisconsin at 3pm, Notre Dame vs. Kentucky at 5:50pm.

in Entertainment

This weekend in entertainment history

rainman

A look back on some of Hollywood's most memorable headlines.