Achieve Digital Resilience by Managing Digital Risk

Build a digital risk profile that supports sustainable transformation.

Onsite Workshop

Choosing not to engage and register digital risk management as its own practice often leads to:

  • A siloed perspective of risk in your organization.
  • Gaps that can inhibit the success of your organization's digital transformation initiatives.
  • An outdated perspective of IT and InfoTec being solely responsible for digital risk.

Taking a proactive approach to addressing and developing a plan for digital risk management leads to:

  • Increased collaboration between the different risk practices within your organization.
  • Clear links between current and future digital transformation initiatives and the potential risks that may impact their success.
  • A diversified ownership model for digital risk that spans the organization.

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

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