Adam Levin, consumer advocate and security expert spoke with Stacia Naquin of 12 News Phoenix, an NBC affiliate, about why the Target Board meeting was significant.
Increasingly, data security is viewed as an essential area in corporate culture. Target marked the first time, after a major data breach, members of the board of directors faced the chopping block.
Although the board was re-elected, the recommendation by Institutional Shareholder Services (ISS), a proxy advisory firm, to remove 7 of the 10 board members was symbolic of the fact that the buck stopped with the board. Ultimately, they needed to be held accountable for an epic failure in security and consumer protection.
Watch it here.