What is a 'Chief Security Officer - CSO'

The chief security officer (CSO) is the company executive responsible for the security of personnel, physical assets and information in both physical and digital form. The importance of this position has increased in the age of information technology (IT) as it has become easier to steal sensitive company information.

BREAKING DOWN 'Chief Security Officer - CSO'

The term chief security officer was primarily used to describe the person responsible for IT security in a company. In some cases, that definition still applies. But in more recent years, the role of a CSO has expanded to include overall corporate security such as a company's personnel and physical assets along with digital and physical information. 

The person holding the title is also sometimes referred to as a chief information security officer (CISO). In some cases, the person is also known as the vice president or director of corporate security, which consolidates all forms of corporate security under a single department.  

Role of the Chief Security Officer

The CSO is a member of a company's upper management team. In this role, the CSO is responsible for developing and overseeing policies and programs used in the mitigation and/or reduction of compliance, operational, strategic and financial security risk strategies relating to the personnel/staff, any assets and other property.

History of the CSO

The role of the CSO was not in high demand about a decade ago. But the position has become very popular in recent years, and according to USA Today, is has become hard to fill. That's because CSOs are rare and hard to find.

Many CSOs come from different backgrounds — some from government, while others come from the corporate world. 

They may be hard to find, but many companies still do not have a CSO in their management teams. Other firms end up looking to fill the position when they have suffered some sort of damaging breach

What Does It Take to Become a CSO?

In order to be a CSO, the person should have a solid background in computers as well as experience working in environments where he or she is exposed to different problems, whether they are related to physical security, cybersecurity or informational issues. The candidate should know about the business they will be protecting and must be a good communicator. Because security can come with a heavy cost, the candidate will need to be able to relate his or her plans and requirements to the rest of the management team with ease. 

Responsibilities of the CSO

The CSO is responsible for executing and overseeing, among others, the following duties:

  • Day-to-day operations: Implementing and overseeing strategy to assess and mitigate risk, safeguarding the corporation and its assets, crisis management.
  • Security: Developing, implementing and maintaining security processes and policies, identifying and reducing risks, limiting liability and exposure to informational, physical and financial risk.
  • Compliance: Making sure the company is compliant with local, national and global regulations, especially in areas like privacy, health and safety.
  • Innovation: Conducting research and executing security management solutions to help keep the organization safe. 

Outlook and Future of the CSO's Role 

Many experts say there is a small pool of talent from which companies can choose when hiring CSOs — there just aren't enough to go around. But it will become a position that will (continue to) be in high demand, since many companies are experiencing breaches and threats to their security. 

  1. Commissioners Standard Industrial ...

    Commissioners Standard Industrial Mortality Table is used by ...
  2. Security

    A security is a fungible, negotiable financial instrument that ...
  3. Chief Financial Officer - CFO

    A chief financial officer is the senior manager responsible for ...
  4. Chief Investment Officer (CIO)

    A chief investment officer (CIO) is an executive position mandated ...
  5. Data Protection Officer (DPO)

    A data protection officer (DPO) is a position within a corporation ...
  6. Chief Risk Officer (CRO)

    A chief risk officer is an executive who identifies and mitigates ...
Related Articles
  1. Insights

    How Is the GDP of India Calculated?

    India is a front-runner among developing economies. Investopedia explains how India calculates its GDP, an indicator of economic health and performance.
  2. Tech

    Indian Exchange Coinsecure Hit By $3.5 Million Bitcoin Theft

    India's Coinsecure exchange said 438 bitcoin, or about $3.5 million, had been stolen from the company's wallet.
  3. Investing

    Cisco: Cybersecurity Report Indicates Huge Costs

    The tech firm says a new threat is costing organizations their revenues, customers and image.
  4. Small Business

    Identifying and managing business risks

    Running a business comes with a lot of associated risks, but there are an equal number of ways to prepare for and manage them to lessen their impact.
  5. Investing

    The Basics of Corporate Structure

    CEOs, CFOs, presidents and vice presidents – learn how to tell the difference.
  6. Investing

    Uncovering the Securities Firm and How They Work

    Despite their importance, securities firms are still somewhat of a mystery to the average investor. Learn about what these professionals are involved with.
  7. Personal Finance

    A project manager's qualifications and career path

    Learn about a project manager's job, the qualifications necessary for the position, and the most common careers for these professionals.
  8. Investing

    Securities Lending: Cause Of The Next Financial Crisis?

    Securities lending can pose risks to investor's portfolios and the entire financial system.
  9. Retirement

    Tips on How to Navigate the Social Security System

    Here are three places to turn for help when navigating the convoluted Social Security system.
  10. Investing

    What's a Debt Security?

    A debt security is a financial instrument issued by a company (usually a publicly traded corporation) and sold to an investor.
  1. Human capital vs. physical capital: What is the difference?

    Learn the difference between physical capital and human capital. How to find the value of each type of capital in a company's ... Read Answer >>
Trading Center