COLUMBUS, Ohio, Oct. 22, 2012 /PRNewswire/ -- CXOWARE, creator of business risk intelligence applications, today announced that Jack Jones, the original author of FAIR (Factor Analysis of Information Risk), has joined the firm as a Principal member of the executive team.

Jones, who co-founded CXOWARE and serves on its Board of Directors, was most recently CISO for Huntington Bank in Ohio.  Jack—with 29 years in technology and 23 years in information security and risk management—is a recognized industry expert, earning both the 2006 ISSA Excellence in the Field of Security Practices award and the 2012 CSO Compass award for advances in risk management.

Jones will play a key role in CXOWARE's roll-out of FAIRiq, a unique software-as-a-service application that provides practical, leading edge risk analysis and risk management capabilities to organizations of any size. 

"Organizations face great pressure to do more with less, including information security and operational risk management.  Consequently, risk issue prioritization is critical to organization success," said Steven Tabacek, CXOWARE co-founder and CEO.  "Jack's knowledge of the risk landscape and how FAIR—and especially FAIRiq—can help organizations prioritize and cost-effectively manage risk and save money."

About Jack Jones
Jones has been CISO of Huntington Bank, CEO of Risk Management Insight, CISO of CBC/Innovis, CISO of Nationwide Insurance, and Senior Manager at Crowe Chizek (now Crowe Horwath).  His experience includes information security management at other financial institutions and several years in government intelligence. 

About CXOWARE 
CXOWARE is a software-as-a-service (SaaS) company leading advancements in quantitative information security and operational risk management for large corporate environments.  For the first time, Chief Information Security Officers (CISO's) and Risk Officers have a decision-analysis application that dramatically improves their ability to measure economic loss exposure associated with information security & operational risk.  Armed with this new information, CISO's can now efficiently tailor risk mitigation budgets to the highest loss exposure areas, thus saving money and reducing liabilities to the business.  Learn more about FAIR; Call 866-936-0191; or email to: info@cxoware.com

SOURCE CXOWARE