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Canada woes, breach seen as cause for Target CEO's exit

Jaikumar Vijayan | May 6, 2014
Target CEO Gregg Steinhafel's resignation Monday as president, CEO and chairman of the Board of the company likely isn't a sign that boards of directors are now holding chief executives accountable for massive data breaches.

"You might be able to get more funding for security," in the near term. But replacing the CEO will do little change Target's risk profile, he said. "There is no good lesson to learn about the resignation. It is more likely to create extra overhead and superficial attention that to really address risk."

 

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