//When Necessity Outweighs Risk, A Look Into Risk Management For Digital Transformation

When Necessity Outweighs Risk, A Look Into Risk Management For Digital Transformation

By Nor Izmawati Mostapar, Vice President of e-Learning & Corporate Communications at MII

Digital transformation is changing traditional business risk. Back in the day, IT’s definition of “risk” used to be only about security – network safety, data breach, malware, etc. When it comes to digital transformation, risk covers and affects so much more – system security, data security, selection of app, selection of vendor, and most importantly customer experience. Today’s IT incidents no longer disrupts just IT, but it also disrupts the entire business and the damage can be destructive. Businesses are now forced to address new security and risk challenges that are difficult to solve due to its large-scale impact and continuous evolution.

Digital advancements like Internet of Things (IoT), cloud services, online app and gamification can offer new business opportunities as well as greater risk. Having to work with third parties (experts) and remote workforce can cause critical level of cyber risks across the organization.

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