mulligan or ms. richey, or can any of you shed light on exactly how much fraud has resulted from this breach? >> are you speaking specifically to our britches because yes. to the target reach. >> i'll start. i can only speak to about 15% of the cards that were taken were target branded product cards. the other 85% are third parties that we don't have visibility. what i can tell you what we have seen, two of the card products, one is a branded debit card, the other is a proprietary card, a card that can only be used at poker. we've not seen any incremental fraud on those two particular cards. we have a decent product that can be used broadly just like anywhere else. .. >> dollar wise? >> i don't have those dollars available right -- >> does anybody? >> we can get those for you. of course, you have to realize we're still in relatively early stages, but we could provide those. >> what i'm trying to figure out here is how much fraud there was and who's holding the bag on the fraud. because i think people

mulligan first. and press the others by what you think about the timing and the notification. >> first, we identified malware honor system on this ar-15. >> should you have discovered it earlier? >> that is a reasonable question. it is asking a lot of hard questions. >> but me just state simply that there should have been earlier discoveries. whether you could have prevented the intrusion and stopped it earlier, that may be a subject of debate. it should've been discovered. and notified. >> we are understanding that. our team assessed them. they assess hundreds of alerts every day and may judgments based on those. given the circumstances we identified the malware on december 15 and provided public notice four days later. we were very focused. on speed, and doing so quickly. >> thank you. for my perspectives, prompt notices are critical. we understand it is important for companies who have been victims of a breach incident to assess what transpired. it is critical that they receive accurate informatio

john mulligan is the chief financial officer of the target corporation, we welcome her. it is a pleasure to be with you today. >> i am the executive vice president and chief financial officer of target. it is a pleasure to be with you today. target expressed a data breach resulting from a criminal attack on our systems. let me begin by reiterating how deeply sorry we are about the impact this has had on our guest s and your constituents. our top priority is always taking care of our guest. the reality is we experienced a data breach. our guests expect more, and we are working hard to do better. we know this has shaken their confidence, but we intend to earn it back. my written statement provides additional details about the breach and target's response. like you, we are asking hard questions about whether because -- whether we could have taken taken different actions before the breach was discovered that would have resulted in different outcomes. in particular, we are focused on what information we could have had that could have alerted us earlier, whether we have the ri

last month the vice president john mulligan apologized to the senate judiciary committee.his report will be the subject to the congressional hearing where mulligan will testify. dozens of potential class action lawsuits for fraud and cost of card replacements heather and ainsley back to you. >> thank you, loren. -- thank you, lauren. >> thank you. >> an 8-year-old tomboy kicked out of school for not being girlie enough. we have reaction to the outrageous letter to the school actually sent home. >> why comes are calling it quits might soon need to have a judge's permission before they get back to the sheets. >> steve doocy with what's coming up on "fox & friends." >> you have to stay tuned. >> i am going to be watching. coming up rudy giuliani is says joe mansion was some moneys they were promised. former cia director and nsaicha joining us live. plus, are you normal or are you nuts? talking to keith ablow. arnold schwarzenegger talks about his brand new movie. we have a busy three hours for now right here on your channel for news. people in the last 23 years, but i needed

mulligan, we're learning a all of the details of the target breach. we know it affected two types of data. of was the payment card data approximately $40 million target shoppers and other personal data to 70 million customers. the question is what steps have provide your customers the assurance their personal information is going to protected going forward. >> snarlt, we've taken several upon immediately identifying the malware. we closed the portal that in the the access point first place. we narrowed the scope of who has systems.o our we began an investigation and to d a third party advisor do an end-to-end review. analysis, forensic but the entire processes and controls. from that, we have additional we've taken steps that we've learned from there. data ances the eggmentation, we hardened the and we increased malware protection with wait listing, we accelerated that. that allows only the programs we to run on our point of sale terminals to run. accelerated our pin and chip technology, it will complete the nstallation of guest payment devices this y

. >> you think your buddies will let you take a mulligan? >> well, maybe not for that reason. >> a gentleman's game, only goes so far. >> teri okita, cbs news, mission viejo, california. >> glor: coming up, surfer bethenny hamilton, a champion once again. >> >> glor: ever since surfer bethany hamilton lost her arm in a shark attack when she was 13 years old she rightfully has been called an inspiration, getting back in the water was remarkable enough, but this past week hamilton did more than just show up, she won. don dahler reports. >> reporter: she was always something special, bethany hamilton won her first surfing championship at eight years of age, her second at 12. a few months later, her life was changed forever. she had been lying on her surfboard her arm dangling in the water when a tiger shark bit it off at the shoulder. >> so this is where i lost my arm. >> she also lost 60 percent of her blood, but hamilton not only survived, she thrived, seeing her injury as a challenge, not a setback. >> i look back on that and i think how i w

do you think your buddies would let you take a mulligan?r that reason. >> reporter: a gentlemen's game only goes so far. teri okita, cbs news, mission viejo, california. >>> coming up after your local news on "cbs this morning," we will go to arlington, washington, for an update on the search for mud slide victims and see what triggered that slide. >>> plus, a new look at the link between stress and fertility problems. >>> and the war over tennessee whiskey. that's the "cbs morning news" for this monday. i'm anne-marie green. have a great day. -- captions by vitac -- www.vitac.com . >>> live from the cbs bay area studios. this is kpix 5 news. >>> good morning everyone. it's monday, march 24th. i'm michelle griego. >> good morning, everyone. i'm frank mallicoat. 4:30 is your time. where did the weekend go. let's ask lawrence. >> i slept right through it. hey guys, we have major changes in weather this week. looks like return of wintry weather. storms lining up off the coastline. we'll talk about that coming up. >>> and we have a good start o

and colorful displays of the st exhibition which ice is on to the eye to this day was timed out mulligan attracted the attention of many a possibility. exhibition or go is a site that receives hundreds of posters from aunt it's all across the way of sending them messages of peace. would you not that we're very keen sense of community designed to support this accidentally managed to organize a contest that exhibition in the sand to keep it to you. the crisis in you crying seems to come to the solace of people across the world. hollywood's oscar award winning george clooney in january but seeing supporting that angelic politician you via tim ashamed of wearing it takes to calling released at the time politician on oaks was like a microsoft founder bill guy has a business card to richard branson a post i will cope gone with its support for the troubled nights. top supermodels. i'm breaking into hiding and soon had showed off the tree secrets two thousand fourteen summer swimwear on the roof top pool in west hollywood this two new designs including online bikini top slightly bottoms and crop

percent and bought controls told the audience that he wants to put the stuff that only five percent mulligan says. and that the soldiers put her in the majority in parliament and needs of the majority of the pot and the costs of the eu commission president dr that he has been too adult for the endorsement of the extant states of the women of the european union because they have a very important say that in this business and the cost is also in him the other candidate from the conservatives of camp. he is not named yet but two should be clear that it's the joke will join the form of the prime minister of luxembourg. and towards missed a beat and of cause and to invest in a long way to go for march rose to conduct before he can the book on his agenda to create jokes and to name two of the close the gap between rich and four and europe. and because they're from all fly to another breaking story chinese state tv say a deadly attack on a train station has been deemed a terror attack least twenty seven people were killed in more than one hundred injured when a group of men wearing uniforms and arm

john mulligan will testify in front of the senate commerce economy committee. it said target missed multiple attempts to catch hackers. the report says there was no indication that the retailer responded to warnings that malware was being installed on its systems. target declined to comment ahead of the hearing. >>> mark your calendar. the national parks service will reopen finally the washington monument on monday, may 12th. the monument has been closed for repairs since the east coast earthquake caused major damage in 2011. those repairs cost $15 million. you can start making your tour reservations on line april 16th. go to nbcwashington.com, and search "washington monument" for more information on the extended hours. >>> a local emt received a special honor for his actions during the navy yard shooting. [ applause ] >> that is noah smith. he was one of two people from the department of transportation who stopped and helped a victim amid the chaos. last night the american ambulance association awarded him with the recognition of valor. the department of trans

things like this happen and trying to move this forward, we saw mulligan say prevention, it will need team effort. >> to prevent breaches like this from happening again, none of us can go at it alone. all businesses and customers are facing sophisticated attacks by criminals. the texting american consumers is a shared responsibility and target remains committed to being part of that solution. >> trying to divert the attention. target was a victim. in all not a perfect system may need to do this as a team effort. for the most part senators seem to be in agreement with that. the hearing is temporarily on pause while the senators vote. have not been quite as stern or strict with target. perhaps that will change in seymour fireworks when they come back. >> thank you for getting us caught up. i am joined by andy dunn, ceo of the notebook. --is find the senators actually it is not find that the senator seemed to be taking this in stride. this company have multiple warning signs. they did not tell everyone right away. learn thelly did system had been compromised and peoples credit card infor

a as the deputy within this regime and russia can only regard this as a national security threat mulligan reports of thousands of ukrainians seeking to flee the country applying for asylum in russia and the diva cup to know that all the points on the feeding a sense of panic now. people in ukraine are at the very war is of course there were eight as the year is rolling in ukraine answers so that the now clarity of what is happening in the country was going to happen in the nearest future and as many people in ukraine mostly in the south and eastern parts are going on four legs and say no and the union leadership has that its demands on their feeling very insecure were because of that with the rhine to wane hardliners just putting themselves at the court of the appeal and seeking to control the new government may need right now are rushing to mainstream to withdraw cash from their bank accounts from atm and the ants. on top of the acts that led to the un national drink of ukraine and to use the temporary limits pressures migrations that is just sad that's the number of asylum applications

the fed has given them a mulligan on the quantitative side. the first time you submit a plan, you can resubmit in that week. a couple of banks did that. bank of america and goldman fell below the minimum on their first try. they retried. the fed has tried to dress that. they -- there are obviously they are not communicating on. the fed says we have raised these issues in the past. >> what do we do here? do we assume citigroup will resubmit at this point? what is the time told -- what is the timetable to meet the metrics desired? what's they are required to submit this year. it is usually happening in the second half of the year. it depends on how comfortable they get with the process. >> that is the bad news. talk to us about the other stress test results. jpmorgan are boosting dividends. they came out with flying colors. >> they had to resubmit would rest a couple of things the fed had. they had that laster. this year they sailed through. they were approved without any conditions. morgan stanley, same thing. they announced the dividend increa

give the economic data mulligan and check back next month. >> in terms of commodities, whether a bigse whether it is cold or a drought, you're seeing the reactions. >> while we were freezing up here, in brazil they were going to one of the worst droughts they have had in half a century. sugar and coffee prices were skyrocketing. that was a big part of the commodities rally. >> does that mean we are seeing all the active trading on fundamentals now? >> they would like you to think that the stock market is trading on fundamentals. it was a pretty good earnings seasons. earnings-per-share grew about 8.5%. better than expected across the board. takeovers in the stock market were a big deal. -- had activists buying >> buybacks, not to mention. in that sense, fundamentals did play a role for sure this month. lookinget was kind of like it would knows dies at -- would nosedive at the end of january. you had argentina devalued their currency. those concerns kind of went away. sitting athe s&p is a record and that we have headlines coming out about russian soldiers that are in ukraine. we take

john mulligan, the chain's cfo admitted to lawmakers that target had clues about the attacks we are respondings trying to figure out why it took so long to react. he said target is asking hard questions. we are focused on what information we had that could have alerted us to the preacher earlier. whether we had the right personnel in the right positions. ensuring decisions related to operational and security matters were sound. we are working quickly to answer these questions. >> he's testifying along a visa executive alongside the chairwoman of the ftc. the hearing comes after the committee released airport citing the many times target missed warnings and lost opportunities to stop the cyber thieves. there were plenty. talk about bloomberg businessweek's involvement in all of this. >> bloomberg business we got quite a few shout outs in that senate report. our colleague worked with a team of reporters to uncover how hackers got in and always target went wrong in their response. today's hearing appears to have come about thanks to that same exposÉ, so good job, bloomberg. lex lawmakers have int

mulligan first. and press the others by what you think about the timing and the notification. first, we identified malware honor system on this ar-15. >> should you have discovered it earlier? >> that is a reasonable question. it is asking a lot of hard questions. simply thatst state there should have been earlier discoveries. whether you could have prevented the intrusion and stopped it a subjecthat may be of debate. it should've been discovered. and notified. >> we are understanding that. our team assessed them. they assess hundreds of alerts every day and may judgments based on those. given the circumstances we identified the malware on december 15 and provided public notice four days later. we were very focused. on speed, and doing so quickly. >> thank you. perspectives, prompt notices are critical. we understand it is important for companies who have been victims of a breach incident to assess what transpired. receiveitical that they accurate information. it should be 60 days at the upside. of course, it is critical consumers have an opportunity to protect themselves if t

the company's cfo, john mulligan, is scheduled to testify ahead of the hearing. report says the retailer missed several opportunities to thwart hackers, and there was no indication it responded to warnings that malware was being installed on its servers. >>> facebook, meantime, is continuing to open up its wallet after buying text messaging app whatsapp for $19 million, it's snapping up oculus which makes virtual reality goggles for a cool $2 billion. facebook ceo mark zuckerberg says virtual reality could be the next big platform. he says the virtual goods and ads will make the money. oculus started as a kick-starter project, and they raised $2.4 million. no one who gave many got any equity in the firm. and i wish -- i imagine they wish they did at this point. from 2.5 to a $2 billion price tag. unbelievable. >> yeah. bertha coombs at cnbc, thank you. >>> the university of virginia making new efforts to recruit a more diverse student body. the school's president, teresa sullivan, wrote a letter to 80 high schools in low-income areas of virginia inviting principa

the chief financial officer, john mulligan, will testify. the retailer missed several opportunities to thwart hackers and there was no indication it responded to warnings that malwear was being installed on servers. 40 million debit card records were stolen during the season along with 70 million other records. >>> facebook continues its shopping spree. it's now snapping up oculus, which makes virtual reality goggles for $2 billion that they purchased that. facebook ceo says virtual reality could be the next big social media platform but facebook will not make money from the devices, rather than selling ads on them. >>> san jose fireworks will return with a bang. approved giving $50,000 to the san jose rotary club to put on the show. the city will also add to the event which costs $200,000 to produce. rotary club hopes the show will direct people away from illegal fireworks. cancelled in 2008 due to lack of funding. >>> a popular eatery in san francisco's west portal neighborhood is reopening, after devastating fire two years ago. the squat

nine in the john mulligan and an executive vice president and chief financial officer of targeted it's a pleasure to be here with you today. target expense a data breach resulted from a criminal attack on our systems. let me begin by once again reiterating how deeply sorry we are for the impact this incident has had on our guests, your constituents. our top priority is always taken care of our guests. they should feel confident about shopping at target. we work hard to protect information about them but the reality is we experienced a data breach. our guests expect more and we're working hard to do better. we know this has shaken their confidence, and we intend to earn it back. my written statement provides pe additional details about the breach and targets response. like you, we are asking hard questions about whether we could have taken different actions before the breach was discovered that would've resulted in different outcomes. in particular we are focused on what information we had the could have alerted us to the breach earlier. whether we have the right personnel in the right

jim mulligan and sam wallace and both made it out and today they share grandchildren so jim's son married sam johnson's daughter and they now have what they collectively called the p.o.w. grandchildren. sam is now a congressman from the state of texas and was the elite solo pilot for the thunderbirds. ron stores is one p.o.w. from this group of 11 that didn't make it home. it was wrong. when you read the book and i want you to read the book not ache as i wrote it but because it's the most incredible story you will ever hear. when you read the story and you read about ron the kind of understand how terrible ,-com,-com ma mentally terrible that whole situation was. nell tanner. nelson ross. flew together. they were on the carl's ep they got shut down. nels was not a senior officer but he ended up in this group of 11 and i will tell you why. and i love this story. .. they thought they had this great confession. well, they got a phone call from the united states other couple weeks later, and one friend told them that clark kent was superman. and they came, got nels and took nells along with t

the sort of leader who will basically say hey, my bad, made a mistake on this one, can i take a mulligan. >> and i think we're delivering that to them. the pretext for this whole invasion is that russians are in danger. well, to the extent that russians are in danger in crimea it's only because their own country has invaded, downgrading the security of their neighborhoods. there are other ways to guarantee that security whether it's a u.n. force, there are other ways to guarantee the safety of their security. i think one important thing to note here is that you can't equate people who speak russian with people who sympathize with russia. there are a lot of russian speakers in crimea but there are also a lot of russian speakers in kiev and brighton beach. that doesn't mean during a political turmoil you get the ability to invade. ultimately i think there's a way to address the concerns, illegitimate as they are, that some of his folks are in danger with a multi lateral effort. >> and also the precedent that's being here asserted by the putin government, which is basically the prerogative

john mulligan, the target cfo, plans to admit to lawmakers that yes, target has clues about the attackefore responding and is now trying to figure out why it took them so long to react. they are now asking hard we arens, he will say focused on the information we had that could have alerted us to the breach, whether we have the right personnel in the right positions. ensuring that decisions were sound. theill testify before senate commerce committee alongside a visa executive and chairwoman of the ftc. the hearing comes after the committee released an analysis , that comes from a describes that computer incursion, describing how many times target last opportunities to stop the attackers. there were plenty. >> we have to do a victory lap at bloomberg businessweek. quite a few shout outs. working with a team of reporters to uncover how the hackers got in and all the ways target went wrong. aboutarings have come thanks to the exposÉ. introduceds have things to address breaches, there has been a lack of cooperation between the fbi and companies, a reluctance to share information. is that ac

. >> there is some interesting mulligan didirdre call privacy on the books and on the ground. they studied a feud data protection authorities in europe and companies in europe and then american companies and what they found was - with a couple of exceptions -- there is actually more internalized implementation of privacy governance in the u.s. companies with a much lighter system of law than in europe where most of the privacy row graham's at in most -- privacy was not really building valueas a corporate through implementation. germanyexception was which was much more like the u.s. and internalized like the company. that's what we are dealing with is making sure we have the flexibility to allow the innovation that it does not become a process of thinking about compliance which freezes in place or stops innovation, allowing the flexibility of having innovation while also protecting people's rights when we can see that there is a potential for real harm and we should have laws protecting that. >> anymore questions? some of the research literature you regarded on big data and pot

i'm deanna mulligan, i'm the ceo of the guardian life insurance company of america based in new york city. i'm honored to be a part of this commission, and thank you for inviting me. i'm new to the council, but i'm very excited about working on one of the most important and compelling issues that i think we face for the next generation of americans and, also, as some people have pointed out this morning, for our democracy. guardian is a mutual life insurer. we are owned by our policyholders. we were founded in 1860, so we've just finished our 153rd year as a financial institution. being owned by our policyholders, we return about 70% of our profits to our policyholders every year in the form of dividends. our mission, part of our charter is to provide financial security for as many people as possible, individuals, small buzzes and families -- businesses and families. and part of our mission as a mutual company is also to be of service in our community. in terms of the financial literacy council and what i'm hoping and forward yang's hoping to the accomplish here, we are a fortune 250

insights on the significance of this latest move, the former chairman of fox broadcasting, brian mulligan. he worked with lachlan murdoch years ago. also with us is author david fulcrum. thank you for joining us. brian, lachlan has been thought to be the heir apparent before. then he left the company. now he's back in a power position again. is this the time finally or what do you make of this latest move? >> i think it is the time to bring back lachlan into the fold. my experience with lachlan when he was at fox, we both sort of joined at the same time and he was sort of new to the u.s. media market. he was a quick study. he's the kind of leadership that now works well in hollywood. it's not the screamers and yellers. it's thoughtful, insightful, measured types like lachlan and the people working for them are usually like that. >> for those of white house haven't been following it as closely as both of you, david, tell us a little bit about lachlan, james. james was the presumed favorite until the hacking scandal. >> in the summer 2011 the hacking and corruption scandal at murdoch's brit

some of the featured guests include john mulligan of target corporation and the university of maryland -- both having issues with privacy issues. you can see that live on c-span 3 starting today at 2:30. back to our calls on this announced a lay for some people having trouble signing up on healthcare.gov. a short delay announced. xander, hello. caller: hello. i am so sorry to circle back to the health care decision. i wanted to give a point that has not been talked about before. i am a 20 five-year-old, turning 26. i'm still on my parent self care. and now with my birthday coming up i am going to have to switch over to the health care plan. i'm a democrat, obviously. just hearing all of the different issues that people have been having has kind of raised some concern with what i'm going to have to be dealing with in the next couple of months and everything. a, i am a small guy. there are health issues involved with that. host: his caustic concern? -- his cost a concern? caller:i have a small penis -- host: eric, democrats line. caller: i am not worried about it. i want to talk about th

one of the witnesses will be john mulligan. this probably was prompted by a story that was out a couple of weeks ago. there was an investigative report, and i forget which one of the newspapers did it. >> business week. >> it was an investigative report that took a look at this. they had installed a top of the line security that sent off alarms when somebody was trying to get -- into the system. i think what probably happened is they didn't realize that it was as massive of a data breach that had been expected. so they didn't respond in time. >> it was suggested that people knew and they didn't take this up. >> they knew that there was something going on. i don't think they realized the extent of the breach. but they didn't respond to the alarms that had been put off. and i'm sure those are the questions that congress will ask today. >>> president obama he's in brussels for a summit with european leaders today. the european leader unions, that is. russia and ukraine topping the agenda as the tensions in the region remain quite