Introduction to Risk
Risk is the flip side of value. For everything that is of value, there can be circumstances threatening that value. While value is realized in the past and the present, risk is what can happen with that value in the future. Risk in a digital world is not always easy to think through. While we can borrow a lot from the real world, certain important differences exist. At the core of every risk assessment there is the thing we worry about the most: the ‘asset’. In a digital world, this is often the data. Think of business-critical data, like our database of customers. Think of data that we have a compliance obligation on, such as personal data. ...