The CISM was announced in late November/early December by ISACA, but exams won't be publicly available until June, 2003. The scope of this certification is intermediate level -- much like the CISSP or the intermediate SANS certifications -- but is more operational and procedural in focus than the CISSP, while less specific than the individual SANS intermediate exams for firewall analysts, intrusion analysts, incident handlers, Windows and Unix security administrators and so forth.
It's simply too early to tell how well this program will do in the marketplace because it's not yet available. That said, since the ISACA CISA cert has a population of nearly 30,000 certified individuals, chances are good that the CISM will also do well in the marketplace. But alas, only time will tell.
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This was first published in December 2002