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Target CFO testifies before Congress

WASHINGTON, D.C. (NEWSCHANNEL 3) - Target's Chief Financial Officer testified about the data security breach before the Senate Judiciary Committee Tuesday.

He apologized for the breach, and explained Target was unaware its network had been hacked until the Justice Department notified the company on December 12.

Congress is now looking for new ways to keep personal credit card information safe.

One solution is an encrypted microchip, but it would cost the banking industry billions of dollars.