Let me begin by saying the first, first chief information security officer (CISO) hire anywhere ever was a PR invention of Wall Street back in 1994.
This position was officially rolled out in a news campaign by Citicorp to offset panic when they disclosed their security breach.
From a computer terminal in his apartment in St. Petersburg, Russia, a Russian software engineer broke into a Citibank computer system in New York and with several accomplices stole more than $10 million by wiring it to accounts around the world, according to court documents and the U.S. attorney’s office. Citibank said all but $400,000 of the stolen funds have been recovered. Six hacking suspects have been arrested, including the engineer, Vladimir Levin, who is being held in Britain and is fighting extradition to the United States.