While digital transformation is an exciting opportunity, it also presents new threats.
At Discover 2016 in London, HPE hosted a discussion that addressed the risks businesses face as they consider or undertake digital transformation programs. In the session, I talked to Duncan Brown, the Research Director for European Security at IDC, as well as HPE’s security experts, Tim Grieveson and David Kemp.
here In this blog, I’ll share their views on how businesses can effectively manage risk as well as the new compliance regulations that go with it. You can also watch the full session here
What are you protecting your business from?
Moving to the cloud, allowing workers to be more mobile, and harnessing big data are all forms of digital transformation. They also significantly increase the complexity and size of a business – bringing new kinds of risk.
Some of the new risks include having infrastructure or applications crippled by hackers, the loss of protected data, failure to comply with security and regulatory requirements, and legal and financial risks arising from poor governance procedures.
At the same time, requirements such as Europe’s General Data Protection Regulation (GDPR) will continue to be introduced. GDPR enforces all organizations in the European Union to comply with strict information management and information governance rules.
Non-compliant businesses will not only be met with severe fines. “The regulator can shut down the organization from doing personal data processing, which may stop payroll processing, or customer data processing,” said Duncan Brown. “The level of business risk elevates hugely and the consequence of getting it wrong is suddenly much, much higher.”
So, how do organizations protect their digital enterprise and ensure that they are compliant?
It will be essential to provide your IT team with the resources it needs to manage data effectively, including where it goes and who can access it.