Gravitating towards the Digital Age

in #business6 years ago

Hi All,

While we all slowly gravitate into the Digital Age, I decided to put down some thoughts on where current Information Risk Management practices should focus their efforts.

1. Cyber & Cloud Security:-

  • Cybersecurity risks is a key concern to any business that values its Intellectual Property (IP) and Customer Data.
  • Utilisation of Cloud or Hybrid Infrastructure platforms introduce new kinds of risks to information assets. 

2. Blockchain:-

  • The adoption of DLT (Decentralised Ledger Technology) is growing fast as businesses seek opportunities for faster and secure transactions and efficient supply chain processes.
  • Development and deployment of Decentralised Applications on top of the Blockchain infrastructure introduces new types of vulnerabilities and risks. 

3. Internet of Things (IoT):-

  • Businesses are increasingly using Internet of Things (IoT) to connect the physical world to the Internet so that they can use data from devices to increase productivity and efficiency. 
  • The development and implementation of IoT Applications introduce new types of vulnerabilities and risk exposures.

4. Artificial Intelligence (AI):-

  • Machine Learning/Artificial Intelligence are here to stay and will help to shape the future of many businesses.
  • The introduction of this new technologies will require a re-focus on Risk Management, IT Governance, how we identify threats, detect vulnerabilities, measure and quantify risk exposures and business impact.

Would appreciate your contributions, comments and insights - Thank You !

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