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Effective URL: https://www.proofpoint.com/us/threat-reference/digital-risk
Submission Tags: falconsandbox
Submission: On August 13 via api from US — Scanned from DE
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Skip to main content English (Americas) Search Login * Products * Solutions * Resources Proofpoint Contact Search * Products * Solutions * Partners * Resources * Company Search Login English (Americas) Products Solutions Partners Resources Company Protect People Multi-layered, adaptive defenses for threat detection, impersonation, and supplier risk. Email Security Impersonation Protection More products Defend Data Transform your information protection with a human-centric, omni-channel approach. Enterprise DLP Adaptive Email DLP Insider Threat Management Intelligent Compliance Mitigate Human Risk Unlock full user risk visibility and drive behavior change. Security Awareness Augment Your Capabilities Managed Services Product Packages More Protect People Products Account Take-Over and Identity Protection Secure vulnerable identities, stop lateral movement and privilege escalation. Adaptive Email Security Stop more threats with a fully integrated layer of behavioral AI. Secure Email Relay Secure your application email and accelerate DMARC implementation Solutions by Use Case How Proofpoint protects your people and data. Authenticate Your Email Protect your email deliverability with DMARC. Combat Email and Cloud Threats Protect your people from email and cloud threats with an intelligent and holistic approach. More use cases Solutions by Industry People-centric solutions for your organization. Federal Government Cybersecurity for federal government agencies. State and Local Government Protecting the public sector, and the public from cyber threats. More industries Comparing Proofpoint Evaluating cybersecurity vendors? Check out our side-by-side comparisons. View comparisons SOLUTIONS BY USE CASE How Proofpoint protects your people and data. Change User Behavior Help your employees identify, resist and report attacks before the damage is done. Combat Data Loss and Insider Risk Prevent data loss via negligent, compromised and malicious insiders. Modernize Compliance and Archiving Manage risk and data retention needs with a modern compliance and archiving solution. Protect Cloud Apps Keep your people and their cloud apps secure by eliminating threats and data loss. Prevent Loss from Ransomware Learn about this growing threat and stop attacks by securing ransomware's top vector: email. Secure Microsoft 365 Implement the best security and compliance solution for Microsoft 365. SOLUTIONS BY INDUSTRY People-centric solutions for your organization. Higher Education A higher level of security for higher education. Financial Services Eliminate threats, build trust and foster growth for your organization. Healthcare Protect clinicians, patient data, and your intellectual property against advanced threats. Mobile Operators Make your messaging environment a secure environment. Internet Service Providers Cloudmark email protection. Small and Medium Businesses Big-time security for small business. PROOFPOINT VS. THE COMPETITION Side-by-side comparisons. Proofpoint vs. Abnormal Security Proofpoint vs. Mimecast Proofpoint vs. Cisco Proofpoint vs. Microsoft Purview Proofpoint vs. Legacy DLP PARTNERS Deliver Proofpoint solutions to your customers. Channel Partners Archive Extraction Partners Learn about Extraction Partners. GSI and MSP Partners Learn about our global consulting. Technology and Alliance Partners Learn about our relationships. Social Media Protection Partners Learn about the technology and.... Proofpoint Essentials Partner Programs Small Business Solutions . Become a Channel Partner RESOURCES Find reports, webinars, blogs, events, podcasts and more. Resource Library Blog Keep up with the latest news and happenings. Webinars Browse our webinar library to learn about the latest threats, trends and issues in cybersecurity. Cybersecurity Academy Earn your certification to become a Proofpoint Certified Guardian. Podcasts Learn about the human side of cybersecurity. New Perimeters Magazine Get the latest cybersecurity insights in your hands. Threat Glossary Learn about the latest security threats. Events Connect with us at events to learn how to protect your people and data from ever-evolving threats. Customer Stories Read how our customers solve their most pressing cybersecurity challenges. COMPANY Proofpoint protects organizations' greatest assets and biggest risks: their people. About Proofpoint Why Proofpoint Learn about our unique people-centric approach to protection. Careers Stand out and make a difference at one of the world's leading cybersecurity companies. News Center Read the latest press releases, news stories and media highlights about Proofpoint. Privacy and Trust Learn about how we handle data and make commitments to privacy and other regulations. Environmental, Social, and Governance Learn how we apply our principles to positively impact our community. Support Access the full range of Proofpoint support services. Search Proofpoint Try searching for Email Security Phishing DLP Email Fraud Select Product Login * Support Log-in * Proofpoint Cybersecurity Academy * Digital Risk Portal * Email Fraud Defense * ET Intelligence * Proofpoint Essentials * Sendmail Support Log-in Select Language * English (Americas) * English (Europe, Middle East, Africa) * English (Asia-Pacific) * Español * Deutsch * Français * Italiano * Português * 日本語 * 한국어 Glossary What Is Digital Risk? WHAT IS DIGITAL RISK? Request Your Free Trial How to Evaluate Digital Risk Solutions TABLE OF CONTENTS * Types of Digital Risk * Digital Risk Protection * How to Manage Digital Risk Digital risk broadly refers to the potential threats and vulnerabilities that arise from using digital tools, platforms and technologies. Assessing digital risk on the organizational level examines all of the negative consequences that can result from digital transformation. While going digital is critical to scaling a business, it also means relying more heavily on digital solutions. Digital risk is an unavoidable by-product of digital transformation and new technology, and it requires focusing on vulnerabilities that may hinder achieving business objectives. While there are many types of digital risk, the most critical type arises from an increased attack surface, giving cybercriminals more entry options to target. As the digital landscape continues to evolve, so do the challenges associated with securing data, maintaining privacy, and ensuring system integrity. Digital risk encompasses a wide range of concerns, from cyberthreats to data breaches, and from regulatory non-compliance to reputational damage. Understanding and managing digital risks is crucial for businesses and individuals alike to safeguard assets, reputation and personal information in the digital age. CYBERSECURITY EDUCATION AND TRAINING BEGINS HERE Start a Free Trial HERE’S HOW YOUR FREE TRIAL WORKS: * Meet with our cybersecurity experts to assess your environment and identify your threat risk exposure * Within 24 hours and minimal configuration, we’ll deploy our solutions for 30 days * Experience our technology in action! * Receive report outlining your security vulnerabilities to help you take immediate action against cybersecurity attacks Fill out this form to request a meeting with our cybersecurity experts. Thank you for your submission. TYPES OF DIGITAL RISK The complexity of the digital risk landscape can be simplified by segmenting risks into different categories. Digital risk is comprised of nine primary categories, including: 1. Cybersecurity risk. This refers to the potential for unauthorized access, disruption or malicious activities targeting digital assets, systems or networks. It emphasizes threats like malware, phishing and cyberattacks that can compromise data and infrastructure. 2. Cloud Technology risk. Pertains to vulnerabilities associated with storing data and running applications on remote servers. Risks include potential service outages, data breaches and reduced control over proprietary data. 3. Data Leaks risk. Involves the unintentional exposure of sensitive or confidential information, either internally or externally. Such leaks can result from weak security measures, human errors or system malfunctions. 4. Workforce talent risk. Centers on the challenges in attracting, retaining and training skilled personnel in the digital domain. A lack of qualified professionals can lead to operational inefficiencies and increased vulnerabilities. 5. Compliance risk. Relates to potential legal penalties and reputational damage from failing to adhere to regulatory requirements in the digital realm. Non-compliance can lead to fines, sanctions and loss of trust. 6. Resilience risk. Focuses on an organization’s ability to anticipate, respond to, and recover from adverse cyberevents. A lack of resilience can lead to prolonged downtimes, operational disruptions and reputational damage. 7. Process automation risk. Concerns about the challenges and vulnerabilities of automating digital processes. These risks include software bugs, system failures or unintended consequences of automation on business operations. 8. Third-party risk. Relates to the potential vulnerabilities introduced by external partners, vendors or suppliers. If these third parties lack adequate security measures, they can become weak links in an organization’s defense chain. 9. Data privacy risk. Involves potential threats to the privacy of individuals’ personal data. This stems from unauthorized access, data misuse or non-compliance with data protection regulations. Each category has unique characteristics and requires a different approach to managing digital risk effectively. For example, cybersecurity risk refers to unauthorized access to sensitive resources and data breaches. Cloud technology risk refers to vulnerabilities affecting systems, processes and people, which could stem from tech-related incompatibilities, errors and failures. By understanding the different types of digital risk, organizations can identify the most vulnerable areas of their ecosystems and support highly targeted risk protection efforts. That way, organizations can manage digital risks more effectively and efficiently. DIGITAL RISK PROTECTION Digital risk protection is a set of practices and methodologies to safeguard an organization’s digital infrastructure against ever-increasing digital threats. Digital risk protection solutions operate on the premise that organizations can use cybercriminal activity to their advantage to identify attacks before they happen. There are several forms of digital risk protection (DRP), including: * Cybersecurity strategies: Cybersecurity strategies must shift to a proactive, people-centric approach to protection. This is key to supporting ecosystem expansion while mitigating risk. Mitigating cyberattack risks is a critical part of DRP efforts. * Digital footprinting: Digital footprinting involves discovering and mapping all digital assets exposed to potential threats. It is a critical part of digital risk protection and security awareness efforts. * Continuous monitoring: Continuous monitoring of the security state of all exposed assets is essential to mitigate digital risk. This includes monitoring for vulnerabilities, threats and attacks. * Threat intelligence: Threat intelligence solutions focus on improving security postures to help organizations withstand cyberattack attempts. They provide actionable insights into the latest threats and vulnerabilities. * Digital risk protection service: Organizations with a complex digital landscape will achieve greater financial efficiency by investing in a digital risk protection service, often called DRPS. A DRPS is a comprehensive managed service that typically offers a platform, system or other technology to spearhead cybersecurity threat prevention. * Multidimensional threat analysis: DRP solutions translate millions of data points into actionable business intelligence using multidimensional threat analysis, digital footprint contextualization and threat evolution tracking. * Sensitive data leakage monitoring: DRP solutions can monitor for sensitive data leakage, a valuable way for cybercriminals to exploit systems. By implementing these forms of digital risk protection organizations can mitigate digital risk and confidently embrace the digital transformation necessary to scale in a fast-paced era. HOW TO MANAGE DIGITAL RISK Managing digital risk is a multi-faceted endeavor that requires a comprehensive defense-in-depth approach. Here are steps organizations can take to effectively manage their digital risks: 1. RISK ASSESSMENT The process of risk assessment is the foundational cornerstone of digital risk management. Every organization must begin by identifying its digital assets, encompassing everything from data and software to hardware and intellectual property. By leveraging various tools and assessments, they can pinpoint potential vulnerabilities and threats to these assets. The goal is to identify and evaluate each threat’s likelihood and potential impact. 2. DEVELOP A DIGITAL RISK FRAMEWORK Once an organization has a clear picture of its assets and potential threats, the next step is crafting a digital risk framework. This framework prioritizes risks based on their potential impact and probability. Central to this framework is determining the organization’s risk tolerance, which will guide subsequent decisions on whether to accept, mitigate, transfer or avoid certain risks. 3. IMPLEMENT PROACTIVE MEASURES Defending the digital frontier demands a proactive approach. This encompasses implementing robust network defenses such as firewalls and intrusion detection systems. Additionally, tools like antivirus software, complemented by regular patching routines, bolster endpoint security. Of equal importance is protecting data through encryption techniques, access controls and maintaining regular backups of pivotal data to ensure data integrity and availability. 4. EDUCATE AND TRAIN EMPLOYEES Employees are both an organization’s first line of defense and a potential vulnerability. Regular security awareness training sessions empower them with knowledge about emerging threats, especially common ones like phishing scams. Simulated attack scenarios can be an effective way to test and reinforce this knowledge. 5. MONITOR AND RESPOND In the digital realm, vigilance is key. By deploying continuous monitoring tools, such as SIEM systems organizations can actively survey for anomalies. Paired with a robust incident response plan, they can ensure swift and decisive action when threats emerge. 6. REGULARLY UPDATE AND PATCH The digital landscape is ever-evolving and with new technology adoption come new vulnerabilities. Regular software and system updates, complemented by timely patching, safeguard against many of these emerging threats, ensuring the organization stays one step ahead. 7. MANAGE THIRD-PARTY RISKS Third-party vendors can often introduce unforeseen vulnerabilities. As an integral component of Cyber Supply Chain Risk Management (C-SCRM), it’s essential to rigorously vet these external entities for their security protocols. Continuous oversight and monitoring of their activities and access levels are pivotal in ensuring they don’t inadvertently become weak links. 8. PLAN FOR RESILIENCE Unforeseen cyberevents are a reality and planning for them is not a luxury but a necessity. Developing a disaster recovery plan and ensuring robust business continuity practices are crucial. Regularly testing these protocols ensures that the organization can bounce back in the face of adversity with minimal disruption. RELATED RESOURCES WEBINAR 2023 UPDATE: THE BIGGEST & BOLDEST DATA BREACHES & INSIDER THREATS BLOG PROTECTING IDENTITIES: HOW ITDR COMPLEMENTS EDR AND XDR TO KEEP COMPANIES SAFER BLOG PROOFPOINT'S 2024 PREDICTIONS: BRACE FOR IMPACT See more resources SUBSCRIBE TO THE PROOFPOINT BLOG READY TO GIVE PROOFPOINT A TRY? Start with a free Proofpoint trial. 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