What is the reporting line for Information Security in your organization?

For years, Security has been part of IT.  But since 3 or 4 years, the team is not directly under the CEO.   Which makes sense since Security isn't only IT.   It includes physical security (offices, buildings, employees), risks, cybersecurity, data protection, etc.

Being under the CEO is also giving them a total independance over IT or LOB.

CISO is a risk manager and as such should report to COO, GC, CFO or CEO. What say you all?

Ours was directly to CEO for years until a major breach and the CEO realized he wanted an extra layer of insulation from CISO and any blame. Now CISO and CIO report to CFO with a dotted line to CTO in Engineering

Would be interesting to see this trend over future years. Supposedly there's been a lot of talk over last few years that InfoSec should be reporting to someone other than CIO (to avoid conflict of interest issues) but reality is that that is still the most prevalent relationship and if it is changing then the pace of change is very slow. Curious if anyone has seen in their orgs this change?