| |June 201919ADOPT DIGITAL RISK MANAGEMENT ON YOUR DIGITALIZATION JOURNEY By Rajnish Gupta, Regional Director, India & SAARC, RSA Securityigital transformation is redefining busi-ness risk. Informed by a combination of modernisation (digital transformation), malice (the growing risk of cyber-attack) and mandates (regulatory & compliance requirements), digital transformation leaves organisations scrambling for ways to address new security and risk challenges that are difficult, large in scale and continually evolving. In fact, 91% of businesses are facing persistent barriers to digital transformation, with 53% of Indian organisations citing data privacy and secu-rity concerns as the number one barrier.Cloud, mobility and the Internet of Things--the fun-damental elements of digital transformation--open or-ganisations up to more interactions and opportunities, and to greater risk. Working with third parties, a remote workforce, and digital technologies that connect your business to the world can elevate cyber risk to rise to a critical level across the organisation.A cyber incident no longer interrupts just IT, where the damage may once have been neatly contained and easily addressed; it disrupts the entire business. And the damage--whether it is from a theft of corporate IP, a breach of customers' personal data or other event--can be devastating.In the pursuit of modernization, digital technology of-fers organizations opportunities to transform their opera-tions, resulting in increased speed, agility and efficiency. However, the explosion of information, users, connected devices, digital channels and third-party applications in-troduces new threats and risks. The technical complex-ity, combined with a cybersecurity talent shortage 1.5 million by 2020 and organizational silos, can create an CXO INSIGHTSDRajnish Gupta is the Regional Director at RSA India and SAARC, and has been heading RSA India since September 2017. Rajnish Gupta joined RSA in mid-2012 as enterprise sales head for RSA in the region. Before joining RSA in 2012, he was regional sales director for Symantec for over a year.Rajnish Gupta
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