Leading tech analyst group suggests businesses must adopt a
thorough digital risk management strategy that includes monitoring, filtering,
prioritizing, and responding to threats across the public Internet and dark web
Dubai, UAE, August 3, 2017 – Digital
Shadows, the industry leader in digital risk management, today unveiled a new
report called: ‘The Pressing Need for Digital Risk Management’ from top analysts at
the Enterprise
Strategy Group (ESG) looking at the growing importance and rates of adoption
of Digital Risk Management in business today.
The report recognizes that most CEOs and corporate boards no
longer shy away from cybersecurity strategy as they might have done even 5
years ago. Rather, progressive executives now realize that cyber-risk
equates to business risk and needs to be addressed as part of their overall
business strategy.
Most executives no longer accept “good enough” security, and are
willing to invest in best practices and leading security defenses to protect
their organizations. However, many organizations continue to think of
cyber-risk in terms of internal network penetration rather than as a more
comprehensive strategy that includes all digital assets—websites, social
networks, VIP and third-party partner exposure, etc. To address these risks,
the report suggests CISOs and risk officers must adopt a thorough digital
risk management strategy that includes monitoring, filtering, prioritizing,
and responding to threats across the public Internet and dark web.
Jon Oltsik, Senior Principal Analyst at ESG who wrote the
report, said: ‘Many executives are beginning to realize they need to take a different stance on cyber security. It Is
no longer a case of just spending dollars on
perimeter-focused cybersecurity but they need to move to a more holistic
digital risk strategy designed to analyze threat intelligence, monitor deep web
activities, track the posting of sensitive data, and oversee third parties.’
‘We know that a strong and resilient strategic digital risk
management strategy should include policies and monitoring for targeted cyber
threats; Infrastructure exposure, data loss; brand and VIP exposure, physical
threats and third party risks to be truly effective,’ said Alastair
Paterson, CEO and Co-Founder of Digital Shadows. ‘Digital Risk Management,
which combines automation and human analytics, is becoming the critical
component in your cyber security arsenal.’