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Managing Risks in Digital Transformation

Managing Risks in Digital Transformation

By : Ashish Kumar, Shashank Kumar, Abbas Kudrati
4.6 (9)
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Managing Risks in Digital Transformation

Managing Risks in Digital Transformation

4.6 (9)
By: Ashish Kumar, Shashank Kumar, Abbas Kudrati

Overview of this book

With the rapid pace of digital change today, especially since the pandemic sped up digital transformation and technologies, it has become more important than ever to be aware of the unknown risks and the landscape of digital threats. This book highlights various risks and shows how business-as-usual operations carried out by unaware or targeted workers can lead your organization to a regulatory or business risk, which can impact your organization’s reputation and balance sheet. This book is your guide to identifying the topmost risks relevant to your business with a clear roadmap of when to start the risk mitigation process and what your next steps should be. With a focus on the new and emerging risks that remote-working companies are experiencing across diverse industries, you’ll learn how to manage risks by taking advantage of zero trust network architecture and the steps to be taken when smart devices are compromised. Toward the end, you’ll explore various types of AI-powered machines and be ready to make your business future-proof. In a nutshell, this book will direct you on how to identify and mitigate risks that the ever- advancing digital technology has unleashed.
Table of Contents (22 chapters)
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1
Part 1: Invisible Digitization Tsunami
Lock Free Chapter
2
Chapter 1: Invisible Digitization Tsunami
7
Part 2: Risk Redefined at Work
16
Part 3: The Future

Insider Risk and Impact

Insider risk can be defined as the risks a company, an institution, or a nation faces due to the actions that originate from the people within its environment. In Chapter 6, The Human Risk at the Workplace, we covered the personas of employees at the workplace and how some of these personas can lead to risky outcomes for a company or an institution. In Chapter 7, Modern Collaboration and Risk Amplification, we discussed how the shift in employee collaboration practices post-pandemic is opening up new vectors of risk for companies and institutions. We hope that the learnings from those two chapters have given you a good background for what we are going to discuss in this chapter. The topics we shall cover in this chapter are the following:

  • A case study of insider risk in an anonymized real-world company
  • Understanding the costs of insider risk – primary and secondary impact
  • A summarized view of the overall impact of insider risk

Let...

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