Transform Cyber Risk Management to Support Digital Transformation

As of 2020, 68% of business leaders feel their cybersecurity risks are increasing, yet only 16% of executives say their organizations are well prepared to deal with cyber risk. 2020 has been a year full of change, and we've gone through digital transformation initiatives in the span of a single year that probably would have taken us many years otherwise. Organizations' approach to cyber risk management must change to facilitate security in this digital era, but this is no easy task. Many leading organizations are including cyber risk transformation projects within their overall digital transformation initiatives to support this shift. Cyber risk transformation requires a collaborative effort across the CISO group, IT compliance, other facets of information security and technology, and risk management teams. These improvements across cyber risk should align with business needs, hit on key security challenges, and help to automate compliance requirements. Through integrations and powerful patented automation, businesses can leverage data coming from disparate applications in the information technology and security tech stack to enable compliance automation, dynamic risk management, and data-driven decision-making.