The State of Digital and Social Media Risk Management

Companies face a growing number of risks from digital and social media and are challenged to effectively and comprehensively manage them. The fallout from not properly managing digital risk can be significant, as witnessed by the numerous recent hacks on all kinds of organizations, from government institutions to media and entertainment companies, retailers, and financial institutions. This SNCR 2020 article suggests that although digital governance teams and Digital Centers of Excellence are becoming common oversight structures and many orgnaizations have policies, procedures, and programs to manage traditional IT security risks, most do not yet have fully optimized, managed, and resourced processes and programs to manage new and growing types of digital and social media risks.