In an era defined by digital revolution, the European Union (EU) has embarked on an ambitious journey called the 'Digital Decade', aiming for digital excellence by 2030. However, as we step further into this digital frontier, we confront an intricate web of potential risks. An increasingly relevant tool to counteract these hazards is integrated risk management (IRM) technology. This technology could prove instrumental in navigating the inherent digital risks while ensuring a successful and secure digital transformation.

Digital risk, a term traditionally associated with negative connotations, is coming to the forefront of boardroom discussions. Yet, understanding and managing this risk can unlock many opportunities for businesses, from improving the quality of digital products and services to enhancing the organization's competitiveness.

Business leaders, including board directors and the senior executive team, need to actively engage in discussions about digital risk. To guide these discussions, here are eight questions every leader should be asking about their organization's digital risk landscape.

In the relentless tide of digital innovation, board members find themselves grappling with a new business challenge - digital risk. Defined as the risk manifested through technology and integrated into business operations, digital risk, including cybersecurity, has become a pivotal concern in the age of accelerated digital transformation.

The digital landscape is evolving quickly, bringing unprecedented opportunities and risks. High-profile cases like Silicon Valley Bank (SVB), the FTX bankruptcy, and SolarWinds illustrate the urgent need for businesses to adopt Integrated Risk Management (IRM) technology to anticipate, identify, and mitigate ever-increasing digital risks effectively. The growing IRM market and expanding digital risks due to the increasing number and connectedness of digital devices further emphasize the importance of adopting IRM solutions.