What does digital risk mean?

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.

How do you mitigate a digital risk?

How to Manage Digital Risk

  1. Identify all Exposed Assets. Identify all assets exposed to potential unauthorized access.
  2. Monitor for Data Leaks.
  3. Keep Risk and Threat Models Updated.
  4. Secure Access to all Exposed Resources.
  5. Keep Vendors Compliant.

What is digital risk protection?

Digital risk protection (DRP) is the practice of protecting organizations from cyber threats during digital transformation. Rather than reacting to cyber threats after they’re discovered, cybersecurity strategies must shift to a proactive approach to protection.

Who owns digital risk?

Mphasis Digital Risk Maitland Corp./Parent organizations
Digital Risk was acquired by Mphasis in 2013, adding global access to resources, cutting edge technology and financial stability to the company. To ensure 24/7 coverage for clients, Digital Risk then expanded with two new operation centers in India.

What are the key elements of risk management?

5 Key Elements of Risk Management

  • Identify the assets to be protected.
  • Identify the threats to those assets.
  • Apply controls in a layered, overlapping way until the risks are reduced to an acceptable level.
  • Test the adequacy and effectiveness of the controls.
  • Monitor the program and periodically repeat the process.

Why do companies need digital risk protection?

Certain data processing conditions may also trigger new unpredictable data breach vulnerabilities. Digital risk protection aims to mitigate such undesired outcomes so that organizations can fearlessly embrace the digital transformation necessary to scale in this fast-paced era.

What format does threat intelligence come in?

Threat intelligence is often broken down into three subcategories: Strategic — Broader trends typically meant for a non-technical audience. Tactical — Outlines of the tactics, techniques, and procedures of threat actors for a more technical audience. Operational — Technical details about specific attacks and campaigns.