Target is taking plenty of heat from customers, employees, and hackers -- but now, Congress is getting in on the act as well.
Next month, Chief Financial Officer John Mulligan will testify before the U.S. Senate Judiciary Committee. That may mark the first time the nation's third largest retailer will publicly answer questions about the malware attack that compromised the credit and debit card information of 40 million customers. Personal information for an additional 70 million customers is also believed to be at risk.
Many people are still a little shell shocked that Target handed out nearly 500 pink slips on Wednesday, most at the corporate headquarters in Minneapolis. Yet, John Vomhof, a reporter with the Minneapolis-St. Paul Business Journal, says that shouldn't come as a surprise since sales are down and the company therefore needs to cut costs.
Watch the video to hear more on the Target's current trials.
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