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
