Business conversations have included digital transformation for decades. However, more recent innovations have made it much easier for businesses to seamlessly integrate digital technology into their operations. While these technologies improve efficiency, support personalization, and promote safety, they also challenge risk managers to protect company information, prevent data breaches, and reduce potential threats that can accompany doing business with third-party vendors. The COVID-19 pandemic has prompted 61 percent of board members to accelerate their companies’ digital business initiatives. But with that acceleration comes increased digital risk, which Gartner defines as "risks inherent in digital products, services, and supporting processes." As…
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