A group of information security luminaries that call themselves the Security for Business Innovation Council have a new report that explores why “legacy methods of evaluating information security risk don’t work in today’s connected world,” and recommends a number of organizational paradigm shifts to align security with innovation. One of them could be read as a call for a title change for CISOs.

Entitled “Mastering the Risk/Reward Equation: Optimizing Information Risks to Maximize Business Innovation Rewards,” the report recommends changes in organizational thinking and behavior. Among them is moving the security team’s focus from information security to information risk management “to signal that the goal is to achieve an acceptable level of risk.”

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