In the wake of the data security breach it suffered over the Christmas holiday period, Target Corp. has appointed a new chief information officer. Bob DeRodes will lead the company’s information technology transformation beginning Monday, the Minneapolis-based retailer said Tuesday.
Target also provided details of security enhancements it’s made since the data breach last year. The retailer, which has been working toward adopting chip and PIN technology for the last decade, said it has accelerated its $100 million investment to put the technology in place by 2015. Target is working with MasterCard on a new initiative to enable Target-branded credit and debit cards with MasterCard’s chip and PIN solution. Besides moving its Red card portfolio to the new technology, Target is installing supporting software and next-generation payment devices in its stores. The new payment terminals will be in all 1,797 U.S. stores by September, six months ahead of schedule.
Target in January revealed that 40 million consumers who shopped in its U.S. stores between Black Friday and Dec. 15 may have had information stolen from their credit or debit cards. The retailer subsequently learned that certain consumer data separate from the credit card information was also stolen, and raised the number of potentially affected customers to 100 million.
The data security breach is believed to have reduced the level of holiday gift shopping at the chain during a critical business period.
DeRodes, whose title will be executive vice president and chief information officer, will be responsible for technology and operations, ongoing security enhancements and developing a road map for Target’s long-term technology and digital efforts.
“Establishing a clear path forward for Target following the data breach has been my top priority,” said Gregg Steinhafel, chairman, president and chief executive officer of Target. “I believe Target has a tremendous opportunity to take the lessons learned from this incident and enhance our overall approach to data security and information technology. Bob’s history of leading transformational change positions him well to lead our continued breach responses and guide our long-term digital strategy.”
Steinhafel said Target’s security enhancements also include reviewing and limiting vendor access and the coordinated resetting of 445,000 Target team member and contractor passwords.
DeRodes, who has 40 years of experience in the field, has worked for the Center for CIO Leadership, the Department of Homeland Security, the U.S. Secretary of Defense and the U.S. Department of Justice. He has also held top technology positions at Citibank, First Data, Home Depot and Delta Air Lines.
Target is still looking to fill two positions, chief information security officer and chief compliance officer.
Adam Levin, cofounder of IdentityTheft911.com and Credit.com, said chip and PIN technology is positive for additional security in stores, but it does nothing online. “They are doing a series of things that needed to be done,” Levin said. “There’s a different philosophy in retail than there was a year ago. When a retailer as iconic as Target becomes breached, it’s a tipping point. All of us wish [the progress] was a bit faster. In Washington, D.C., we’re still waiting for cybersecurity legislation.”
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast