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Achieve Digital Resilience by Managing Digital Risk

Build a digital risk profile that supports sustainable transformation.

Businesses are expected to balance achieving innovation through initiatives that transform the organization with effective risk management. While this is nothing new, added challenges arise due to:

  • An increasingly large vendor ecosystem within which to manage risk.
  • A fragmented approach to risk management that separates cyber and IT risk from enterprise risk.
  • A rapidly growing number of threat actors and a larger attack surface.

Our Advice

Critical Insight

  • All risks are digital risks.
  • Manage digital risk with a collaborative approach that supports digital transformation, ensures digital resilience, and distributes responsibility for digital risk management across the organization.

Impact and Result

Address digital risk to build digital resilience. In the process, you will drive transformation and maintain digital trust among your employees, end users, and consumers by:

  • Defining digital risk, including primary risk categories and prevalent risk factors.
  • Leveraging industry examples to help identify external risk considerations.
  • Building a digital risk profile, addressing core risk categories, and creating a correlating plan for digital risk management.

Achieve Digital Resilience by Managing Digital Risk

Start here – read the Executive Brief

Risk does not exist in isolation and must extend beyond your cyber and IT teams. Read our concise Executive Brief to find out how to manage digital risk to help drive digital transformation and build your organization's digital resilience.

1. Redefine digital risk and resilience

Discover an overview of what digital risk is, learn how to assess risk factors for the five primary categories of digital risk, see several industry-specific scenarios, and explore how to plan for and mitigate identified risks.

2. Build your digital risk profile

Begin building the digital risk profile for your organization, identify where your key areas of risk exposure exist, and assign ownership and accountability among the organization’s business units.


Member Testimonials

After each Info-Tech experience, we ask our members to quantify the real-time savings, monetary impact, and project improvements our research helped them achieve. See our top member experiences for this blueprint and what our clients have to say.

9.0/10


Overall Impact

$123,958


Average $ Saved

4


Average Days Saved

Client

Experience

Impact

$ Saved

Days Saved

Wisconsin Compensation Rating Bureau

Guided Implementation

10/10

$123K

5

Wood

Guided Implementation

8/10

N/A

2


Onsite Workshop: Achieve Digital Resilience by Managing Digital Risk

Onsite workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn't enough, we offer low-cost onsite delivery of our project workshops. We take you through every phase of your project and ensure that you have a roadmap in place to complete your project successfully.

Module 1: Scope and Define Digital Risk

The Purpose

Develop an understanding and standard definition of what digital risk is, who it impacts, and its relevance to the organization.

Key Benefits Achieved

  • Understand what digital risk means and how it differs from traditional enterprise or cybersecurity risk.
  • Develop a definition of digital risk that recognizes the unique external and internal considerations of your organization.

Activities

Outputs

1.1

Review the business context

1.2

Review the current roles of enterprise, IT, and cyber risk management within the organization

1.3

Define digital transformation and list transformation initiatives

  • Digital risk drivers
1.4

Define digital risk in the context of the organization

  • Applicable definition of digital risk
1.5

Define digital resilience in the context of the organization

  • Applicable definition of digital resilience

Module 2: Make the Case for Digital Risk Management

The Purpose

Understand the roles digital risk management and your digital risk profile have in helping your organization achieve safe, transformative growth.

Key Benefits Achieved

  • An overview and understanding of digital risk categories and subsequent individual digital risk factors for the organization
  • Industry considerations that highlight the importance of managing digital risk
  • A structured approach to managing the categories of digital risk

Activities

Outputs

2.1

Review and discuss industry case studies and industry examples of digital transformation and digital risk

2.2

Revise the organization's list of digital transformation initiatives (past, current, and future)

  • Digital Risk Management Charter
2.3

Begin to build your organization's Digital Risk Management Charter (with inputs from Module 1)

  • Industry-specific digital risks, factors, considerations, and scenarios
2.4

Revise, customize, and complete a Digital Risk Management Charter for the organization

  • The organization's digital risks mapped to its digital transformation initiatives

Module 3: Build Your Digital Risk Profile

The Purpose

Develop an initial digital risk profile that identifies the organization’s core areas of focus in managing digital risk.

Key Benefits Achieved

  • A unique digital risk profile for the organization
  • Digital risk management initiatives that are mapped against the organization's current strategic initiatives and aligned to meet your digital resilience objectives and benchmarks

Activities

Outputs

3.1

Review category control questions within the Digital Risk Profile Tool

3.2

Complete all sections (tabs) within the Digital Risk Profile Tool

3.3

Assess the results of your Digital Risk Profile Tool

  • Completion of all category tabs within the Digital Risk Profile Tool
3.4

Discuss and assign initial weightings for ownership of digital risk among the organization's stakeholders

  • Initial stakeholder ownership assignments of digital risk categories

Module 4: Manage Your Digital Risk

The Purpose

Refine the digital risk management plan for the organization.

Key Benefits Achieved

  • A targeted, organization-specific approach to managing digital risk as a part of the organization's projects and initiatives on an ongoing basis
  • An executive presentation that outlines digital risk management for your senior leadership team

Activities

Outputs

4.1

Conduct brief information sessions with the relevant digital risk stakeholders identified in Module 3.

4.2

Review and revise the organization's Digital Risk Profile as necessary, including adjusting weightings for the digital risk categories

  • A finalized and assessed Digital Risk Profile Tool
4.3

Begin to build an actionable digital risk management plan

  • Stakeholder ownership for digital risk management
4.4

Present your findings to the organization's relevant risk leaders and executive team

  • A draft Digital Risk Management plan and Digital Risk Management Executive Report

About Info-Tech

Info-Tech Research Group is the world’s fastest-growing information technology research and advisory company, proudly serving over 30,000 IT professionals.

We produce unbiased and highly relevant research to help CIOs and IT leaders make strategic, timely, and well-informed decisions. We partner closely with IT teams to provide everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

Member Rating

9.0/10
Overall Impact

$123,958
Average $ Saved

4
Average Days Saved

After each Info-Tech experience, we ask our members to quantify the real-time savings, monetary impact, and project improvements our research helped them achieve.

Read what our members are saying

What Is a Blueprint?

A blueprint is designed to be a roadmap, containing a methodology and the tools and templates you need to solve your IT problems.

Each blueprint can be accompanied by a Guided Implementation that provides you access to our world-class analysts to help you get through the project.

Need Extra Help?
Try Our Guided Implementations

Get the help you need in this 2-phase advisory process. You'll receive 6 touchpoints with our researchers, all included in your membership.

Guided Implementation #1 - Redefine digital risk and resilience
  • Call #1 - Scope requirements, objectives, and project considerations.
  • Call #2 - Review digital risk factor categories.
  • Call #3 - Identify the current state of internal and external considerations for digital risk management.

Guided Implementation #2 - Build your digital risk profile
  • Call #1 - Review your digital risk profile assessment criteria and inputs. Begin creating your Digital Risk Profile.
  • Call #2 - Complete your Digital Risk Profile, assess outputs, and build your risk ownership allocation.
  • Call #3 - Build your Digital Risk Management Executive Report.

Contributors

  • Jason Wang, Chief Risk Officer, Synergy Credit Union
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