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May 2004

Why and how the CISO job description is changing

New Rules for the New CISO   Covet customer and shareholder value Think like a CFO Quantify everything Present a diversified risk portfolio Follow the risk leader Initiate an organizational makeover   C-suite executives are feeling the squeeze of tighter margins, limited operating budgets and "those damn regulations--they're killing me." If you're a CISO, you're feeling the squeeze, too. Despite the fact that security threats have never been greater, several mega-financial institutions have downgraded, changed or even eliminated the CISO post. Why? CISOs are on the bubble because business, financial, operations and IT executives pile security, privacy and compliance demands on their shoulders. But these executives don't understand infosecurity's value and are frustrated by the lack of quantifiable risk metrics. The demand for effective risk management is converging with other factors that could put the CISO role on the endangered species list. If you're going to survive and thrive in this new environment, you'll have to grasp ...

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