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Gregg Steinhafel held himself responsible for a 2013 security breach that exposed the personal data of about 70 million customers. In April, Target appointed a new chief information officer.
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After the Target and Neiman Marcus data breaches compromised credit card data of more than 70 million American consumers, the banking and retail industries are coming to a consensus to move away from the swipe and signature system to the much more secure chip and PIN process available around the world.