Report: Target exec apologizes for security breach in testimony
MINNEAPOLIS — John Mulligan, EVP and CFO of Target, said the retailer is deeply sorry for its late 2013 data security breach and is aware that consumer confidence in the company is shaken; his comments came during a Feb. 4 testimony before the Senate Judiciary Committee.
According to Reuters, Mulligan also said that Target discovered 25 registers infected with malware on Dec. 18, contradicting an earlier statement from the retailer that all malware had been removed by Dec. 15.
Mulligan also said Target is thoroughly reviewing the security of its payment network and issuing new cards to customers who request them. He said the Department of Justice initially informed Target of suspicious card activity on Dec. 12, and the company then investigated, removed malware and publicly announced the breach Dec. 19.
Senators on the committee said U.S. retailers need to adopt both chip-based payment cards and four-digit customer PINs to go with them. Mulligan said Target wants to switch to chip-and-PIN card payment, but so far banks have not supported the move. Committee chairman Patrick Leahy (D-Vt.) has proposed legislation to create a national standard for companies to report data breaches to the public, which has been endorsed by Federal Trade Commission chairwoman Edith Ramirez.
CVS Caremark supports AHA by participating in National Wear Red Day
WOONSOCKET, R.I. — CVS Caremark will participate in the American Heart Association’s National Wear Red Day on Feb. 7, by encouraging colleagues at 7,600 CVS/pharmacy locations nationwide to wear red and create awareness of the battle against heart disease in women.
CVS Caremark also will host heart-healthy education events for their colleagues across the country, and will make a $10,000 donation to the AHA in support of National Wear Red Day. For more than 10 years, the AHA has sponsored National Wear Red Day to raise awareness in the fight against heart disease in women.
"Heart disease continues to be the No. 1 killer of women in the United States," said Eileen Howard Boone, SVP corporate social responsibility and philanthropy for CVS Caremark and president of the CVS Caremark Charitable Trust. "Through these efforts, we can engage our colleagues in taking action against heart disease while supporting our purpose of helping people on their path to better health in the communities where we live and work."
For more information on the Go Red Campaign, and for heart healthy tools and resources, visit GoRedforWomen.org.
Vapor4Life debuts e-cigar
NORTHBROOK, Ill. — Vapor4Life, a developer and distributor of e-cigarettes and e-cigars, unveiled its new E-Cigar King line at the Tobacco Plus Convenience Expo in Las Vegas on Jan. 29. E-Cigar King aims to provide a true cigar smoking experience, the company said.
“The E-Cigar King has been a mission of my love and desire to have my favorite cigar flavors anywhere, any time. I spent many years and many millions in R&D to satisfy my need for the perfect cigar substitute and enjoy smoking it most anywhere,” Steve Milin, Vapor4Life founder and CEO, said.
The E-Cigar King produces a cloud of vapor that looks like cigar smoke, but without the burning of tobacco. The product is available in limited-edition collector cigar boxes. The line also includes a full line of rechargeable batteries, refillable cartridges, e-liquids, kits and accessories.