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CIOs must think strategically and formulate business strategies, build business relationships, and deeply understand the organization's culture-all on Internet time. With this broader job description and accelerated schedule has come a large set of risks, some of which have little to do with the technology. Ironically, the structured world of traditional IRM can help mitigate these risks, but the old rules need some updating. The new IRM requires a proactive CIO, an information systems infrastructure that emphasizes planning, security, and risk control; and IT governance that encourages due diligence.