Chief Security Officer: No Magic BulletBy Baselinemag | Posted 2002-09-16 Email Print
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After a year of heightened security worries, many CEOs have appointed CSOs to deal with all cyber and real-world threats. Early returns are mixed.
While most companies interviewed by Baseline say there has been a heightened focus on security and a review of measures in place, chief security officers (CSOs) still remain a rare breed. What's more, some early pioneers are embattled.
Those in the industry say a debate over who should be responsible for security within an organization, and to whom that executive should report, undoubtedly causes much of the turmoil.
"You're seeing the organizational frictions that have always been in place coming to a head," says Lloyd Hession, chief security officer for Radianz, a New York-based company that operates a private trading network handling transactions between many of the world's largest brokerage houses. "Companies that brought in a CSO after 9/11 thought it would sort out their internal security issues. What it really did was highlight the conflicts that exist."