The latest bit of carnage in the Target Christmas Credit Card breach is the resignation of Target CEO Gregg Steinhafel. He is being replaced at the helm by interim CEO John Mulligan, Target’s CFO. The first call he needs to make is to the CIO and his information technology security chief to see where the company is in rectifying the lapses that allowed the security breach to take place.
We see this as a largely symbolic and useless act, a ritual beheading in the public square. Unless, of course, Steinhafel was the moron in senior management who declared that penetration testing the new POS system could wait until after the holidays. in that case he deserves what he got.
Hopefully, other corporate CEOs are beginning to understand that they cannot ignore and reject out of hand the business cases that the CIO and technology departments present every budget cycle for beefier cyber defenses. Maybe FINALLY they will be given the level of importance that they deserve.Share