Target to Take Road Trip to Washington for Data Breach Hearing
Target (NYSE:TGT) has agreed to take a field trip from Minneapolis to Washington, D.C., next month, but we wouldn’t exactly call it a vacation. Reuters reported Thursday that Target has agreed to come before Congress in early February to testify about its data breach that resulted in the theft of about 40 million credit and debit card records, as well as 70 million other records with customer information.
The commerce, manufacturing, and trade subcommittee of the House Committee on Energy and Commerce said in a statement Thursday that a hearing will be conducted to determine the cause of the data breaches and their effect on Target customers.
The retailer will provide representation for the hearing set for February, and law enforcement officials and others are also expected to be present. The subcommittee, headed by Rep. Lee Terry, has approached the U.S. Secret Service about also participating, as the group has lead the investigation into Target’s security breach and a similar incident concerning Neiman Marcus. It’s still unclear whether the government agency will be present.