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Digital Business Forever Changes How Risk and Security Deliver Value

By Paul Proctor | June 02, 2014 | 0 Comments

Risk and security teams are going through a major transformation. Mobile, social and cloud move business data and processes move outside of the perimeter, and outside of traditional enterprise control. Plus, these are dynamic environments with no stability or predictability. Managing appropriate levels of risk in this environment will require a new approach.

Watch the video:  Digital Business Will Force You to Reset Your Risk and Security Program.

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Unless you live under a rock, you have probably seen the term “digital business” popping up all over the place. The term “digital” has been around for decades, often in the context of technology marketing. However, only in the past three years has it really become a major driver associated with the progressive use of technology at the wider business strategy level.

Gartner’s definition of “digital business” is the creation of new business designs by blurring the physical and digital worlds. It’s not about getting your business on-line, it’s about dramatically shaking up business models. For example, the way Airbnb is shaking up the big hotel chains and the way Uber and Lyft are challenging traditional taxi services.

Digital Business (Final)

Digital business is fueled by the integration of technology and business models. This includes traditional IT environments, cloud, mobile, operational technology, telephony, audio, video, and IoT.

Digital risk and security refers to the management of risks on all forms of technology that use digital information. Connected products are the new and disruptive forces to which companies must adapt over the next three years. You need to be ready for the next generation of digital business decisions and risk planning.

A consistent, unified approach to digital risk has the potential to support cost efficiencies and greater assurance for business processes. But development of a digital risk capability will require the re-engineering of current organizational structures and responsibilities. We need to develop new capabilities in security and risk assessment, monitoring, analysis and control.

Buckle up Dorothy, because Kansas is going bye-bye.

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