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Digital Risk

Solutions  >  Digital Risk

The Context

Is your organization becoming increasingly dependent on technology?

 

If so, your organization is also becoming vulnerable to certain digital threats and risks. As a result, you need to create digital risk strategies to best manage these challenges. Today, management is aggressively adopting new technologies to drive growth. However, with technological advancement, an organization needs to identify and address risks.

Digital risk is an essential part of business management.

It’s focused on the threats and risks for enterprise information and the underlying IT systems processing them as they are implementing the full set of business processes.

What is Digital Risk?

We can simply define “digital risk” as the consequences of adopting new technologies.

 

These consequences are new and unexpected. Managing digital risk means that you understand the implications of adopting certain technologies—in other words, adopting technologies in a way that lowers digital risk within your organizations.

Digital risk refers to unwanted — and often unexpected — outcomes stemming from digital transformation and the adoption of related technologies. Cybersecurity risk, third-party risk, business continuity risk, data privacy risk and other forms of digital risk add to the uncertainty of achieving business objectives.

Provision has as main focused area for digital risk

all the risks coming from API management, messaging platforms and phishing (email and web).

Types of Digital Risks
Area
Digital Transformation component that drives the change

CyberSecurity

Phishing

CYBERSECURITY

Risk of cyber attacks, especially in the context of a growing attack surface and an increase in sophistication of attacks

DATA PRIVACY

Risks related to the ability to protect personal information

Third-party integrations

API Security

WORKFORCE / TALENT

Risk related to the dynamic nature of today’s workforce and the gig economy

CLOUD

Risk due to changes in architecture, implementation, deployment and/or management of new digital business operations or IT systems

THIRD-PARTY RISK

Risk related to changes in processes from automation

PROCESS AUTOMATION

Inherited risk related to external parties

Data Privacy

Collaborative and Messaging Platforms

Web posture

COMPLIANCE

Risks related to compliance requirements driven by new technology and the scope of data being created

RESILIENCY

Risk to availability of business operations, especially after disruption

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