About DigitalRisk Advisors

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The Consultancy

The DigitalRisk Advisors Value Proposition   

Rick Davis Professional Biography

DigitalRisk Advisors and Rick Davis in the Media JUMP

The Consultancy

DigitalRisk Advisors is a corporate governance performance management consultancy that helps enterprise clients measure the strategic value of  their information security and risk management spending.   

Serving as a team of third-party specialist advisors, we elevate the relevance of information security by providing a standards-based framework to help drive information security spending toward higher-quality, profitable strategic initiatives.

The consultancy utilizes the proprietary DigitalRisk ScoreCard as its standardized engagement methodology.  The interdisciplinary ScoreCard fully supports the heightened level of digital risk management awareness and accountability as established by industry and government:

• Homeland Security Act (Critical Infrastructure Industries)

• The New Basel Capital Accord (Banking)

• HIPAA (Healthcare)

• Gramm-Leach-Bliley Act (Consumer Financial Services)

Utilizing the Balanced ScoreCard approach to digital risk management, our clients look to us to help leverage on-line trust and digital risk management as measurable key value drivers instead of just as resource draining cost centers.  The Advisor team has solved digital risk problems for leaders in a wide range of industries including telecommunications, finance, banking, healthcare, government, high technology, manufacturing, venture capital, and retail.

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The DigitalRisk Advisors Value Proposition   

¨       We are DigitalRisk Advisors to our clients, a trusted Third-party team with expertise covering a broad range of business and technology issues involving e-business risk management.

¨       We provide outsourced R&D, risk assessments, project management and ongoing support to help our clients better focus on on the core-abilities and many other primary aspects of growing their business.  

¨       We help clients bring a strategic business focus to information security, navigating the uncertain Risk - Decision - Change continuum that is inherent in all e-business environments.

  ¨    We focus on the managing risk throughout the entire e-business enterprise, not just on the technology.  Our process starts at the business strategy level and works through the complexities that affect e-business survivability.

¨       We work along side and in cooperation with our client's existing risk management relationships including technical vendors and insurance brokers.  

¨       We help clients implement, support/maintain and evolve the digital risk strategy once they are on the right track.

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Rick Davis Professional Biography       

Rick Davis is Principal Advisor for DigitalRisk Advisor and the creator of the DigitalRisk ScoreCard.  He is a recognized pioneer in the e-business risk management industry, and is publicly acknowledged for creating the world's first insurability standard for assessing and underwriting e-business privacy, security and operational risk (Best’s Review, December 1998, January 1999; Black Enterprise, October 1999).  

Since graduating from Stanford University in 1991, Rick has developed asset protection strategies for mission-critical e-business environments around the world. He has been an executive manager in the Electronic Commerce / Internet / Information Security industry his entire career and has specialized in creating inter-disciplinary e-business risk management, privacy and corporate governance solutions (combining information security, physical security, traditional risk management and insurance) for nearly five years.

As a former founder of an Atlanta-based risk management firm, Rick was responsible for creating the insurance industry's first risk assessment, loss control, privacy and information security consulting practice focused exclusively on protecting against Internet and electronic risks.  He participated in creating the world’s first insurance suite of coverages for PKI, ASPs, VPNs and electronic commerce web sites.  As well, Rick managed the firm's strategic marketing, corporate development and training initiatives.

Since leaving the Atlanta firm in January 2000, Rick has consistently demonstrated his expertise by serving as strategic advisor to leaders in the insurance, financial services and information security industries.  Rick’s strategic advisor and consulting capacity has lead him to participate in several world-class digital risk initiatives involving a wide range of firms including Insurance Carriers & Reinsurers, Fortune 1000 Enterprises, Financial Institutions, Information Security Vendors, Application Service Providers, and Telecommunications Providers. 

Rick is a noted public speaker and an effective e-business risk management evangelist. Among other venues, he has been a featured speaker at CERIAS / Purdue University, EC World, AM Best Information Technology Conference.  In addition to being the inaugural E-Business Risk Management Expert on the world’s #1 e-business support portal, Rick has been frequently quoted in the media and published as an industry expert on e-business risk management and hacker insurance issues. 

Rick has a BA in Organizational Behavior from Stanford University. He is a member of the Computer Security Institute (CSI), a certified International Computer Security Association (ICSA) professional as well as a formerly licensed excess & surplus insurance professional.  Rick is member of the World Future Society and an active member of Georgia Electronic Commerce Association (GECA) working groups for eHealth and Information Security.  In 1999, Best's Review named Rick as one of 25 "People to Watch" in the insurance industry. 

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