Strategy and Business Management

Digital Risk Management

About the service

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.

Understanding Digital Risk

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.

Have a Plan to Protect against Digital Risk

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.

some stats

reduction in cyber attack incidents for companies that invest in digital risk management

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improvement in business continuity and resilience for companies that have successfully managed digital risks

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average improvement in employee awareness and understanding of cyber security practices

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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.

Our Approach

Comprehensive Risk Assessment

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.

Customized Risk Management Plan

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.

Implementation of Control Measures

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.

Continuous Monitoring and Improvement

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.

Key Services

Cybersecurity Enhancement: Implementing advanced security protocols to protect against data breaches, malware, and other cyber threats.
Regulatory Compliance Support: Ensuring your digital practices align with relevant regulations and standards, reducing the risk of legal complications.
Business Continuity Planning: Developing strategies to maintain operations during and after a security incident, minimizing disruption and financial loss.
Employee Training and Awareness: Educating staff on cybersecurity best practices to foster a security culture within your organization.

what we can do for you

Developing a DRMP requires careful consideration of what type of data needs protection and how best to protect it.
The first step is for us to conduct a risk assessment involving identifying potential vulnerabilities within your systems, networks, or applications. This can include analyzing your current processes and policies and looking into any past incidents or breaches that could impact your security posture going forward.
Once we've conducted the assessment, we will help you create an action plan outlining how you will respond in case of an incident, who is responsible for different tasks related to this response process, and what measures must be taken to minimize any damage caused by the breach.
You should also consider creating policies and procedures around user access control, password management, encryption techniques, backup plans, etc., so that everyone within your organization is aware of these protocols and can follow them accordingly.
A Digital Risk Management Plan is essential for businesses today due to the ever-evolving nature of cyber threats. Let our GEM experts help you create a strategy to outline clear steps for responding quickly and effectively to incidents while guiding how best to secure confidential information or customer data from potential breaches or attacks.

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.

Why Choose GEM?

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 Management Assessment

Risk assessment is a three-part process that includes risk identification, risk analysis, and risk evaluation.

Wondering if your company needs a risk management assessment?

Look no further! We have all the answers you need in our 2-pager which you can quickly download below.

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