Businesses are expected to balance achieving innovation through initiatives that transform the organization with effective risk management. While this is nothing new, added challenges arise due to:
- An increasingly large vendor ecosystem within which to manage risk.
- A fragmented approach to risk management that separates cyber and IT risk from enterprise risk.
- A rapidly growing number of threat actors and a larger attack surface.
Our Advice
Critical Insight
- All risks are digital risks.
- Manage digital risk with a collaborative approach that supports digital transformation, ensures digital resilience, and distributes responsibility for digital risk management across the organization.
Impact and Result
Address digital risk to build digital resilience. In the process, you will drive transformation and maintain digital trust among your employees, end users, and consumers by:
- Defining digital risk, including primary risk categories and prevalent risk factors.
- Leveraging industry examples to help identify external risk considerations.
- Building a digital risk profile, addressing core risk categories, and creating a correlating plan for digital risk management.