Presentation outline on the crisisIntroductionI. Good afternoon members of the media and our target customers. My name is Spencer Beck and with me are Kaylyn Nese, John Bui and Jennifer Tran. We appreciate being here to discuss important issues related to data breaches and cybercrime. To begin, I want to say how deeply sorry I am for the impact this intrusion has had on our guest. We know this security breach has shaken their trust in the Target brand, and we will work tirelessly to restore their trust.a. At Target, we take our responsibilities to our guests very seriously. This attack only strengthened our commitment to our guests and their information. We will investigate and learn from this attack for Target, our industry, and most importantly, the well-being of our guests. I can guarantee that Target's security system is more secure than ever.b.II. I would like to explain the series of events, as we currently know them. Some aspects of the ongoing criminal investigation cannot be mentioned at this time at the request of the Secret Service and the Department of Justice. The series of events I will explain come from the written testimony of John Mullican, Target's executive vice president and chief financial officer, during the Senate Committee on Commerce, Science, and Transpiration.a. As you know, Target was infiltrated by malware and caused a criminal breach of Target's security and data systems between the dates of November 27 to December 18, 2013.b. We know that the intruder stole passwords and other key access information from a vendor. This allowed access to our point of sale terminals and the installation of malware. The installed malware was designed to capture and store credit and... half of card......reach, we took immediate action to resolve this issue.[Transition]ConclusionI. Review II. Call to ActionQuotesPrivacy in the Digital Age: Preventing Data Breaches and Combating Cybercrime: Hearing Before the Senate Judiciary Committee, House of Representatives, (February 4, 2014) (Testimony of John Mulligan, Executive Vice President and Chief Financial Officer of Target ) Retrieved from https://corporate.target.com/_media/TargetCorp/global/PDF/Target-SJC-020414.pdfProtecting Consumers' Personal Information from Cyber ​​Attacks and Data Breaches: Hearing Before the Senate Committee on Commerce, Science and Transportation, House of Representatives, (March 26, 2014) (Testimony of John Mulligan, Executive Vice President and Chief Financial Officer of Target) Retrieved from https://corporate.target.com/_media/TargetCorp/global/PDF/ Target-SJC -032614.pdf