As the Secret Service visited Fazio this week, executives from Target went to Washington to testify before the U.S. Senate Judiciary alongside representatives from Neiman Marcus, another retailer that was hit with a holiday season data breach. Earlier this month, Washington officials called on executives from both companies to appear before the Senate so they could better explain what occurred during the holiday season in order to determine a way to strengthen retailers’ security, ensure consumer safety, and guarantee that destructive hacks such as Target’s don’t continue to happen in the future.
Target Chief Financial Officer John Mulligan was under the spotlight Tuesday at the committee hearing, which is the first step in a series of congressional panels that have been planned. Mulligan made it clear that Target recognizes that the breach has led to a decline in consumer trust, but the CFO still asserted, “We will learn from this incident and, as a result, we hope to make Target, and our industry, more secure for customers in the future,” Reuters reports.
It’s now been almost two months since consumers learned of Target’s large-scale data breach that that resulted in the theft of about 40 million credit and debit card records, as well as 70 million other records with customer information, but the retailer is still navigating the turmoil and has done its part to keep consumers and investors informed. The Secret Service’s investigation into Fazio may serve to give the retailer some peace of mind, but is still unclear whether the Pennsylvania refrigeration contractor really had a connection.