Data Leaks
Data leaks are accidental exposures of private data that could develop into data breaches. As the digital landscape expands, the data lifecycle spins faster, creating more instances of data-in-use, data-in-transit, and data-in-rest. Data security is difficult to maintain under such dynamic conditions, making data leakage unavoidable during digital transformation.
What is Digital Risk Management? Steps and Functions
Digital Risk Management (DRM) is a comprehensive approach for identifying, assessing, and addressing risks associated with digital assets and operations in an organization. It’s aimed at protecting against digital threats like cyberattacks, data breaches, and system vulnerabilities, while also ensuring compliance with relevant regulations and standards.
The first step in DRM is to identify all digital assets within an organization, such as websites, data, applications, and systems. Once assets and threats are identified, the next step is to assess the potential risks these threats pose to the digital assets. Based on the risk assessment, organizations then develop and implement strategies to mitigate identified risks. This can involve a range of actions, including strengthening cybersecurity measures, implementing access controls, encrypting sensitive data, and developing incident response plans. DRM also involves ensuring that digital operations comply with relevant laws, regulations, and industry standards