Book Image

Managing Risks in Digital Transformation

By : Ashish Kumar, Shashank Kumar, Abbas Kudrati
5 (1)
Book Image

Managing Risks in Digital Transformation

5 (1)
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)
1
Part 1: Invisible Digitization Tsunami
Free Chapter
2
Chapter 1: Invisible Digitization Tsunami
7
Part 2: Risk Redefined at Work
16
Part 3: The Future

Insider risk – definition and threat vectors

In the world of cybersecurity, an insider risk or insider threat can be defined as the risk or danger arising from a trusted insider who may, intentionally or unintentionally, compromise the confidentiality, availability, and/or integrity of enterprise systems, data, and resources/intellectual property.

Personnel may knowingly or unknowingly expose the sensitive data and information of an organization to the external world while performing their normal tasks. This can result in a loss of reputation or a loss of high-value data, as well as creating a hole in the organization’s network that goes unnoticed.

Insider threat has four main categories:

  • Fraud: Employees, vendors, or clients who have access to an organization’s internal assets/resources can steal, destroy, or modify critical data, devices, or systems for the purpose of personal gain or deception. Examples include phishing emails, business compromise...