What is Digital Risk?
Digital risk is the term for the negative effects that result from implementing new digital technology. Strong benefits of digital technology, such as improved customer experience, increased connectivity, lower costs, and agility, are what’s driving explosive digital growth. In the “speed to market” strategy, digitization has shown to be the most potent enabler for gaining a competitive edge. However, despite the fantastic potential that digitalization has created, digital technology frequently carries significant digital hazards. Below, we’ll mention a few of them.
- Misalignment between digital technologies
- Artificial intelligence
- Reliance on 3rd-party vendors and services
- The growing complexity of the digital tech stack
- Expanding digital supply chains
- Vulnerabilities in technologies
For many businesses, the last few years have changed the information security landscape significantly. Digital transformation, SaaS resources, and Cloud vendors have increased the complexity of IT infrastructure, making companies reliant on multiple third parties to keep data safe. The threat landscape has increased in breadth and depth with more attacks, more kinds of attacks, and more targeted attacks. Consumers are increasingly aware of high-profile data breaches, making privacy and security key to maintaining customer trust and brand loyalty. All this means that protecting your data within your network alone is no longer enough.
What is Digital Risk Management?
As digital transformation establishes a foothold in the corporate world, digital risk management is emerging as an essential component in developing a sustainable method to control and manage digital assets. Digital risk management is the implementation of a governing process that identifies and mitigates digital risks while ensuring that adopted technologies are resilient and productive.
Proactive digital threat protection does not inhibit performance. On the contrary, digital risk management solutions capitalize on facing digital risks head-on to build stronger resilience.
What are Digital Risk Protection Services?
To address the rapidly evolving attack surface on digital and social platforms, digital risk protection platforms (DRPs) are emerging as a new line of security services that provide protection targeted at a company’s digital assets. DRP cyber security takes a multifaceted approach, combining features like automatic threat response, real-time risk detection, continuous monitoring, and risk mitigation for the digital assets of your organization.
Features of Digital Risk Protection Services
Deep visibility, real-time threat detection, and automated remediation are all features provided by DRP services. Effective Digital Risk Protection Services allow a business to react rapidly to digital dangers by helping to safeguard organizations from cyber, brand, and physical threats as well as by monitoring social media, domain registrations, and the digital attack surface. Additionally, because many businesses find it difficult to monitor threats on external, unregulated channels (such as social media and the web), digital risk protection services offer protection that traditional security solutions do not. We’ll discuss the features of a digital risk protection service in the next paragraphs.
Digital Asset Discovery
Digital risk protection services utilize automated scanning and discovery mechanisms to identify and catalog an organization’s digital assets. This includes websites, domains, subdomains, social media accounts, mobile applications, cloud services, and other online properties. Asset discovery techniques may involve web crawling, DNS analysis, WHOIS lookup, certificate scanning, and other methods to build a comprehensive inventory of digital assets.
Continuous Monitoring
Digital risk protection services continuously monitor the digital landscape for potential risks and threats to an organization’s assets. This includes monitoring social media platforms, web pages, forums, underground marketplaces, and other online sources. By actively scanning and analyzing these sources, the services can detect instances of brand impersonation, data exposure, security vulnerabilities, and other risks that may affect the organization’s digital assets.
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Centraleyes for Free
See for yourself how the Centraleyes platform exceeds anything an old GRC
system does and eliminates the need for manual processes and spreadsheets
to give you immediate value and run a full risk assessment in less than 30 days
Vulnerability Assessment and Threat Detection
When discussing digital risk, it’s important to not only ask where to look for digital assets but also what to look for. Instead of concentrating only on the channels or other digital properties that belong to their company, security teams must examine the data that’s flowing through their digital channels. Security teams should be able to quickly identify and respond to suspicious behavior.
DPSs leverage threat intelligence sources to gather information about emerging threats, vulnerabilities, and indicators of compromise (IoCs). By integrating with threat intelligence feeds and databases, digital risk protection services can correlate known vulnerabilities with an organization’s digital assets. This allows them to identify potential risks and vulnerabilities associated with specific assets and monitor them for malicious activities.
Coverage of Social and Online Platforms
It’s hard to find a company today that has not made considerable efforts in defending its network, endpoints, and IT systems against intruders. However, many organizations have not allocated funds to defend digital platforms like a company’s Twitter page or an Amazon marketplace listing despite the rise of digitalization and the popularity of social media platforms. As a result, these platforms are popular targets for hackers, and when they are penetrated, the credibility and trust of a company are jeopardized.
Digital Risk Protection Services will give security teams a centralized platform from which to access the range of social and digital platforms addition to protecting its Facebook page or eBay business.
Third-Party Risk Management
Measure your supply chain’s cyber security risk exposure and practice risk mitigation against threats.
Nip Attacks in the Bud
The breaches that go undetected for too long in the shadows of our overcrowded digital attack surface sometimes have the most devastating effects. DRPS’s true value resides in its capacity to thwart account hijackers in their tracks or stop fraudulent activity the moment it enters an organization’s digital trail. Modern SOAR platforms are used by leading DRPs to automatically target and evaluate threats entering an organization’s public attack surface, saving time on human security operations.
Leverage the Power of AI
AI plays an important role in digital risk protection due to its ability to analyze vast amounts of data, identify patterns, and detect anomalies. With the support of artificial intelligence, data risk protection services are able to deliver real results in functions like:
- Advanced threat detection
- Real-time monitoring
- Enhanced accuracy
- Automation of routine tasks
- Behavioral analysis
- Adaptive defense
- Reduced false positive alerts
How Can Centraleyes Help Your Company with Digital Risk Protection?
Centraleyes provides comprehensive capabilities to protect digital assets, monitor threats, and enable proactive risk management. Here are some ways Centraleyes helps with digital risk management:
- Asset discovery
- Continuous monitoring
- Threat intelligence integration
- Risk assessment and scoring
- Compliance and regulatory support
Centraleyes empowers organizations with the tools and insights needed to effectively manage digital risks, protect their assets, and maintain a strong security posture in today’s evolving threat landscape. Book a demo today!
Start Getting Value With
Centraleyes for Free
See for yourself how the Centraleyes platform exceeds anything an old GRC
system does and eliminates the need for manual processes and spreadsheets
to give you immediate value and run a full risk assessment in less than 30 days
