Following its massive data breach last year, Target's CEO has taken one for the team.
Gregg Steinhafel will step down, but will still advise Target during the transition to a new CEO.
"Now is the right time for new leadership at Target," Steinhafel wrote in a letter to the board, saying the company is taking steps to recover from the problem.
During the Christmas shopping season, hackers stole credit and debit card numbers and PINs for nearly 40 million customers who shopped in Target stores. Then, Target found that hackers also took names, email addresses, mailing addresses and passwords for 70 million more online customers. Up to 110 million people total were affected – roughly a third of the U.S. population.
Don't let yourself get hit by a data breach like this again. Here's what you need to do to stay safe.