Market Insight: The Convergence Of Physical And Digital Risk Management

Executive Summary

Firms are faced with a difficult, continual challenge: how to mitigate business risk to ensure business continuity. Business risks arising from both physical and digital sources are increasing in frequency, severity and complexity. Concurrently, physical and digital risks are becoming increasingly connected, exposing businesses that have failed to consider how risks may interlink and impact diverse business functions. Risk management strategies must evolve to counter this evolving threat, and protect operations, assets and employees. This report examines how digital and physical risks are interlinked; how they may propagate one another, to create ‘cascading risks’; and which technologies executives should consider leveraging to maintain business integrity.