Digital Risk Management

Businesses today face many challenges stemming from the rapid changes in technology, regulatory risk and compliance.

Digital Risk Management (DRM)

Modern companies face numerous challenges arising from rapid technological changes, regulatory risks, and the need for compliance. However, traditional approaches to managing these issues—such as governance, risk, and compliance (GRC), enterprise risk management (ERM), and integrated risk management (IRM)—do not account for the increasing impact of digital tools. These tools play a crucial role in managing risks by supporting workflow development, audit processes, cybersecurity management, and more. As operations, governance, compliance, risk management, and technology become increasingly interconnected, companies must take a dynamic approach to leverage these tools to create added business value for clients.

The Shift to Digital Risk Management

The challenges faced in operational activities require a move away from traditional methods toward digital solutions. Digital Risk Management (DRM) aims to expand upon existing GRC/ERM/IRM practices by embracing the new working methods of modern enterprises and highlighting and minimizing the risks associated with automated platforms.

A well-designed DRM strategy and program enable organizations to successfully adapt to the constantly changing risk landscape. We apply a comprehensive, proactive approach to implementing “compliance as code,” covering all aspects of risk, compliance, and control across the full systems development lifecycle, integrating DRM into the Business IT ecosystem.

DRM Capabilities

We work with your organization from the beginning of your DRM journey, engaging across various domains and disciplines, and then implement the necessary processes, methodologies, and technologies to achieve your goals.

We integrate critical DRM data sources and analytics throughout the company, enabling successful strategy implementation.

EXPERTISE
  • Framework development
  • System rollout strategies
  • Process mapping and documentation
  • DRM platform implementation
  • Security program governance documentation

Our team conducts automation assessments to ensure timely reporting of threats related to regulatory changes, industry shifts, and geopolitical events.

EXPERTISE
  • GMP compliance
  • Adaptation to local legislation
  • Gap analysis
  • Project scope management
  • Development of manufacturing MDM systems
  • Production planning and control
  • Quality management from procurement to delivery

We create executive dashboards, providing a “single-pane-of-glass” view of key control and governance KPIs.

EXPERTISE
  • Dashboard development (Splunk)
  • Integration and log collection
  • Data parsing, analysis, and modeling
  • Handling of sensitive data
  • Multi-department alert systems and advanced PCI DSS compliance alerts
  • Custom correlation searches based on MITRE ATT&CK frameworks
  • Real-time, data-driven governance

We help connect all operational business areas and associated risks through seamless DRM platform integration, including solutions and architectures for cloud, mobile, AI, and ML systems.

EXPERTISE
  • Security requirements documentation
  • Policy, procedure, and process development
  • Risk ownership mapping
  • Platform implementation rollout strategy
  • Security program governance documentation
  • Control management
  • Risk assessment methodology

We work closely with you, consulting on how to improve your overall governance practices by developing and enhancing policies, procedures, and controls; ensuring controls align with industry and governmental regulations; and implementing AI and ML solutions to monitor controls and KPIs.

EXPERTISE
  • User interface design for security and administration, instrument calibration, barcode scanning, and quality control functions
  • Automated image analysis algorithms
  • Classifier optimization for operational data
  • Software development compliant with 21 CFR, Part 11