Risk mitigation in an era of digital – can workforces keep pace?

The rise of ‘digital risk’ in the corporate environment means facing a whole new dimension of threat.

Cyber attacks are becoming increasingly sophisticated, widespread and complex in today’s digital landscape. We might be reasonably good at managing predictable, lower-level risks, but organisations often have a false sense of security about their ability to anticipate and deal with more hazardous fraud threats that evolve rapidly in a digitally-connected world - recent reports actually indicate that fraud risk has been identified as the most expensive crime category in Australia.

A digitized risk function provides better monitoring and control as well as more effective regulatory compliance… but this starts with people. To keep pace in the evolving digital economy, it’s fundamental for workforces to be upskilled and get proactive about tackling new and emerging threats. Organisations need to be driven by digital growth and adaptable to change.

Ultimately, the integration of digital risk-specific goals into organisational processes, data and behaviours can not only significantly reduce losses and fines in core risk areas, but also improve organisational efficiency and create widespread value.

Companies need to face up to digital disruption and embrace new technologies to stay resilient. But what’s the best practice for digitizing operational practice and aligning with corporate strategy?

Join us at the Australian Cyber, Fraud and Risk Summit 2018. This event is uniquely focussed on exploring all the critical topics within the domain of cyber crime, risk, fraud and corruption – a discussion not to be missed!

Written by: Beth Hampton

Beth came to Australia in late 2016. Having spent some time travelling through Southeast Asia and briefly living in Singapore – she was ready to embrace the lifestyle of a working Sydneysider!Beth grew up in London, and completed her degree in Psychology at the University of York. She always dreamed of landing a job in the police, but figured it was worth swapping the handcuffs and late shifts for an exciting new city and a job full of fun and opportunity in a fantastic company like Akolade!
Beth loves cooking, playing the piano, terrible British soap operas, an ice-cold G&T and exploring new places.