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The DigitalRisk Solution

Q:  What is the primary solution for  business leaders who want to get a better handle on their digital risk management initiatives?

Hint:  It's not a money solution or a technology solution.....

In Act Two of the Digital Age, heightened levels of vulnerability and exposure created by e-business necessitate a brand new focus on digital risk sensitivity directed by a hyper-aware board and senior management, and permeating throughout the extended organization.  The only way to manage digital risk is to systematically take control of the "techno-sprawl" inertia, bringing a heightened degree of order, stakeholder accountability and corporate governance.

Jump to Keys to the DigitalRisk Solution:

#1 - Establish Business-based Intentions, NOT Technical

#2 - Create an Interdisciplinary Framework

# 3 - Use What You Already Have

#4 - Focus on Creating Long-Term Business Value

The DigitalRisk Advisors Value Proposition - How We Help Our Subscriber Members

#1 - Establish Business-based Intentions, NOT Technical

The first step toward establishing a favorable environment where digital risk management can flourish is to get rid of the debilitating preconceived techno-centric fears that stifle meaningful action.  When considering strategies to proactively protect stakeholder relationships,  it is essential to think about more than just the technical solutions vendors want you to buy.  In fact, contrary to the current prevailing information security direction, adding additional point technical security devices actually increases your likelihood of digital risk failure due to the compounding nature of technical complexity.  (Although the technical security conversation actually does have to occur in order for any digital risk management plan to be properly designed and implemented, the best time for this level of detail is much later in the process.)

#2 - Create an Interdisciplinary Framework  top

Going forward with an effective digital risk initiative, you somehow have to bridge the communication gap that exists between the separate corporate groups currently in charge of managing business risk, operations risk and technical risk.  What it takes is a fresh perspective - - a new and different way of looking at the 40-year old digital risk problem.  

Borrowing strategies and techniques from information security, traditional risk management and business management consulting, the next step is to build a unified communication and decision making framework that uniquely suits your corporate risk situation.  The digital risk framework that suits your needs most will be the one that communicates at once to the most important business-focused risk issues that affect everyone in the organization, regardless of rank, title or job description.  It is vital to establish interdisciplinary digital risk communication that focuses on key value drivers and seamlessly crosses corporate silos and boundaries.  Attention to stakeholder accountability and corporate governance is everyone's job and it's up to the leadership team to set the digital risk management tone for the troops at corporate and in the field.  

# 3 - Use What You Already Have   top

As far as additional resources are concerned, most of the necessary tools are already in place waiting for someone in a leadership position to put structure, actions and inspiration behind well-meaning but  vacant intentions.   Armed with a fresh perspective and a customized standards-based framework that's focused on business issues, your team can confidently leverage what already exists around you - - people, technology, money - -  to develop powerful new answers to the toughest digital risk questions. 

#4 - Focus on Creating Long-Term Business Value  top

Proactively evolving your corporate risk management strategy to meet the demands of the Digital Age will reap significant financial benefits over time (see MIT Sloan study "Value of Investments in Intangibles").  If you create a vigilant business-focused digital risk management plan structured around a core of meaningful key value drivers, there will be nothing - - absolutely nothing - - that your leadership team can't accomplish in its e-business future.

The DigitalRisk Advisors Solution  top

r      Helps clients create executive-level and enterprise-wide support for profitable digital risk management and business continuity strategies 

r      Helps clients transform their traditional risk management strategies to meet the complex demands of the digital age 

r      Helps clients create an inter-disciplinary risk management language that communicates the complex issues in a consistent, effective manner 

r      Helps clients develop enterprise-wide risk management processes that cost-effectively address digital risk exposures throughout the extended operation

The DigitalRisk Advisors Value Proposition - 

How We Help Our Subscriber Members 

¨       We are DigitalRisk Advisors to our Members, a trusted Third-party that deals with  a broad range of issues and solutions involving e-business risk management in the Digital Age.

¨       We help Members navigate the uncertain Risk - Decision - Change continuum that is inherent in all e-business environments.

¨       We help Members navigate and explore the risk management options related to protecting against e-business exposures.  

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

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

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

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