The Top 5 Reasons Most Startups Fail and How You Can Avoid Them
June 29, 2022
With more than 90% of startups failing, it seems that having a successful startup can be one of the hardest things to do nowadays. But
In today’s rapidly evolving digital landscape, businesses face an array of cyber threats that can compromise sensitive data, disrupt operations, and damage reputations. GlobalEdgeMarkets (GEM) offers robust Digital Risk Management services to help organizations identify, assess, and mitigate these risks, ensuring a secure environment that fosters growth and innovation.
Digital risk encompasses challenges related to continuous change and increasing complexity in an organization’s operations, technology, and threat environments. This includes cybersecurity threats, privacy concerns, compliance issues, and business continuity challenges. Effectively managing digital risk is crucial for protecting digital assets and ensuring long-term success in the digital age.
Digital risk is inevitably created by the new technologies that a company adopts during its digital transformation. As organizations continue to welcome their digital transformation, they must keep the business secure while enabling growth and innovation. Companies need to develop Digital Risk Management strategies that consider these new technologies and provide better decision-making capabilities. Digital Risk Management brings the potential benefits of enhanced risk effectiveness and gains in efficiency, productivity, and revenue.
With technology advancing rapidly, companies need to have a plan in place to manage their digital risks. A Digital Risk Management Plan (DRMP) is an essential document that outlines the measures taken by a company to protect itself against any security threats or other digital risks. It serves as a guidebook for the business and helps them identify, assess, prioritize, and mitigate any potential digital risks they may face.
These statistics show the benefits that businesses can achieve through effective digital risk management, including reduced cyber attack incidents, improved response time to cyber attacks, and lower costs associated with cyber attacks. Effective digital risk management is essential for companies looking to protect their digital assets and ensure long-term success in the digital age.
We conduct thorough evaluations to identify potential vulnerabilities within your systems, networks, and applications. This involves analyzing current processes, policies, and past incidents to understand your security posture.
Based on the assessment, we develop a Digital Risk Management Plan (DRMP) tailored to your organization's specific needs. This plan outlines measures to protect against security threats and provides a roadmap for responding effectively to incidents.
We assist in implementing control measures designed according to leading industry standards and practices. This includes deploying security software, system monitoring, risk management, and ensuring regulatory compliance.
Digital risk management is an ongoing process. We provide constant monitoring to detect and respond to emerging threats promptly, ensuring that your security measures adapt to the evolving digital landscape.
A digital risk management plan provides business executives with a roadmap to protect their business against potential threats. Having this document in place allows the company to be proactive about its cyber security practices and ensures that all employees follow the same guidelines when handling confidential information or customer data.
A DRMP is also necessary because it provides the business with clear instructions for responding quickly and effectively to any security breaches or cyberattacks.
At GEM, we understand that digital transformation brings both opportunities and challenges. Our team of experts is dedicated to helping you navigate the complexities of digital risk, providing solutions that are effective and aligned with your business objectives. By partnering with us, you gain a trusted ally committed to safeguarding your digital assets and supporting your organization’s growth in the digital era.
Protect your business from digital threats with GlobalEdgeMarkets’ expert Digital Risk Management services. Contact us today to develop a proactive strategy that ensures resilience and business continuity in the face of evolving cyber risks.
Risk assessment is a three-part process that includes risk identification, risk analysis, and risk evaluation.
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With more than 90% of startups failing, it seems that having a successful startup can be one of the hardest things to do nowadays. But
In a rapidly globalizing world, crises, whether economic, political, or natural, have wide-reaching effects that transcend borders. The impact on businesses can be severe, and effective crisis management is no longer optional. It’s a necessity for survival. This blog post presents practical tips for weathering the storms of global crises and ensuring your business emerges stronger on the other side.
Discover the importance of risk management for startups and growing businesses to ensure long-term success.
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