📌 Digital Risk Management Summary
Digital risk management is the process of identifying, assessing, and addressing risks that arise from using digital technologies and online systems. It involves protecting organisations from threats like cyber attacks, data breaches, and technology failures. The goal is to minimise harm to people, finances, and reputation by putting safeguards in place and planning for potential problems.
🙋🏻♂️ Explain Digital Risk Management Simply
Think of digital risk management like locking your doors and windows at home to keep out burglars and making sure you have a fire extinguisher just in case. In the digital world, it means checking for security gaps, planning for emergencies, and making sure your technology is safe to use.
📅 How Can it be used?
A software development team could use digital risk management to identify and reduce potential security threats before releasing a new app.
🗺️ Real World Examples
A hospital uses digital risk management to ensure that patient records stored electronically are protected from hackers. This includes using strong passwords, encrypting data, and regularly updating their systems to prevent unauthorised access.
An online retailer applies digital risk management by monitoring its website for suspicious activity, setting up firewalls, and training staff to recognise phishing emails, helping to prevent customer data theft.
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