Why You Shouldn?t Worry about Risk

It was Mark’s big shot.  He finally had a meeting with Sharon, the CIO.  Her schedule was so busy it was legendary and for her to spend time with a risk analyst was a clear indicator she recognized the new challenges facing their company.  Although he only had 15 minutes, Mark was prepared – notepad at the ready, brimming with nervous energy.   After some brief chit-chat he got down to business – ready to drill into a conversation about their company’s biggest obstacles; the most impactful concerns; the top of mind issues; the coup de grace that could spell disaster for the organization.  He took a deep breath and went to his big money question… ‘So, what keeps you up at night? What are you worried about?’ 

Sharon beamed.  She spun around to her white board and spewed a litany of projects fueling their company’s digital transformation – an IoT project, the SalesForce.com implementation, a massive VMWare migration and their hybrid cloud, the new employee work-at-home program, the impending customer mobile portal…

While that question got Sharon started, let’s think about this a bit differently.

With all the benefits the new digital world offers, there are a host of risks that must be managed.   The major areas of risk remain the ‘usual suspects’ such as security, compliance, resiliency, inherited risks from third parties and operational risk. However, digital business amplifies uncertainty for organizations today.  For example:

• Digital business, by its (Read more...)