WASHINGTON–A Target executive told a full Senate JudiciaryCommittee Tuesday the retailer had no knowledge of the malware onits system until the Justice Department notified it of the securitybreach on the evening of Dec. 12.
John J. Mulligan, Target executive vice president and chieffinancial officer, also said a move to chip-and-PIN technologywould cost Target $100 million.
He added that Target explored chip-and-pin Target Visa REDcardsalmost 10 years ago, but the program was later cancelled.
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