{"id":16170,"date":"2023-08-08T00:00:00","date_gmt":"2023-08-08T00:00:00","guid":{"rendered":"https:\/\/cms.alj3.clients.lemonhq.io\/perspectives\/reducing-risk-in-a-digital-future\/"},"modified":"2026-03-19T14:36:02","modified_gmt":"2026-03-19T14:36:02","slug":"reducing-risk-in-a-digital-future","status":"publish","type":"perspectives","link":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/perspectives\/reducing-risk-in-a-digital-future\/","title":{"rendered":"Reducing risk in a digital future"},"content":{"rendered":"

The vision of a fully connected, digitized world \u2013 an interlinked ubernet<\/em> of everything spanning business, governance and leisure \u2013 comes laden with promises of innumerable societal benefits. \u00a0It doesn\u2019t matter who you are, we are told: A faster, more productive and more satisfying way of living is on the way.<\/p>\n

And hopefully that is indeed the case. \u00a0If you run a business, just as we do here at Abdul Latif Jameel<\/a>, you can personalize products and services to target customers with unprecedented precision. \u00a0If you manage a public service, you can respond to live user data and assign resources accordingly for seamless operation. \u00a0If you are a patient, you can have your health monitored remotely and treatments prescribed instantly, like some of the healthtech innovations discussed in this Abdul Latif Jameel Health<\/a> article. \u00a0And if you are, well, almost anyone, you can manage your shopping online and have goods appear on your doorstep with uncanny timeliness \u2013 almost as if the store had read your mind.<\/p>\n

Except, maybe the store had<\/em> read your mind. \u00a0In a way. \u00a0Maybe it had trawled the web for your consumption habits, followed the telltale footprints of your data trail, and drawn conclusions about you even before you had arrived at them yourself.<\/p>\n

In which case, let\u2019s take the scenario further.<\/p>\n

What if one day the store\u2019s suffered a data breach and the knowledge they hold about you fell into the hands of less scrupulous parties?<\/p>\n

\"\"<\/p>\n

Let\u2019s take the scenario further still.<\/p>\n

You might expect \u2018the system\u2019 to come to your aid \u2013 banks, lawmakers, justice departments \u2013 but what if those systems have themselves been routinely weakened by cyber-attacks and rendered toothless?<\/p>\n

For some, the dream of a digital transition might suddenly be starting to sound a little eerie. \u00a0That eerie feeling is, perhaps, the sound of millions of people simultaneously awakening to the idea that our transformation into a digital society is not without danger. \u00a0Research shows the digital transition of our work, home and governance comes laden with risks and the potential for exploitation.<\/p>\n

Such anxiety seems unlikely to halt the transition. \u00a0The 2023 Digital Business Study, which quizzed almost 1,000 IT leaders in North America, APAC and EMEA, showed 93% of decisionmakers were now pursuing a digital-first business strategy.https:\/\/resources.foundryco.com\/download\/digital-business-executive-summary
\nhttps:\/\/blog.netwrix.com\/2023\/02\/22\/system-hardening\/
\nhttps:\/\/www2.deloitte.com\/content\/dam\/Deloitte\/in\/Documents\/risk\/in-ra-managing-risk-digital-transformation-1-noexp.pdf<\/a><\/p>\n

https:\/\/www.weforum.org\/reports\/global-risks-report-2022\/in-full\/chapter-3-digital-dependencies-and-cyber-vulnerabilities\/
\nhttps:\/\/www.techtarget.com\/whatis\/feature\/SolarWinds-hack-explained-Everything-you-need-to-know<\/p>\n

https:\/\/www.weforum.org\/reports\/global-risks-report-2023\/
\nhttps:\/\/www.bloomberg.com\/professional\/blog\/metaverse-may-be-800-billion-market-next-tech-platform\/<\/p>\n","protected":false},"featured_media":16172,"menu_order":0,"template":"","class_list":["post-16170","perspectives","type-perspectives","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nReducing risk in a digital future - Abdul Latif Jameel<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reducing risk in a digital future - Abdul Latif Jameel\" \/>\n<meta property=\"og:description\" content=\"The vision of a fully connected, digitized world \u2013 an interlinked ubernet of everything spanning business, governance and leisure \u2013 comes laden with promises of innumerable societal benefits. \u00a0It doesn\u2019t matter who you are, we are told: A faster, more productive and more satisfying way of living is on the way. 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name=\"_ftn2\">[2]<\/a> <a href=\"https:\/\/blog.netwrix.com\/2023\/02\/22\/system-hardening\/\">https:\/\/blog.netwrix.com\/2023\/02\/22\/system-hardening\/<\/a>\n\n<a href=\"#_ftnref3\" name=\"_ftn3\">[3]<\/a> <a href=\"https:\/\/www2.deloitte.com\/content\/dam\/Deloitte\/in\/Documents\/risk\/in-ra-managing-risk-digital-transformation-1-noexp.pdf\">https:\/\/www2.deloitte.com\/content\/dam\/Deloitte\/in\/Documents\/risk\/in-ra-managing-risk-digital-transformation-1-noexp.pdf<\/a>\n\n<a href=\"#_ftnref4\" name=\"_ftn4\">[4]<\/a> <a href=\"https:\/\/resources.foundryco.com\/download\/digital-business-executive-summary\">https:\/\/resources.foundryco.com\/download\/digital-business-executive-summary<\/a>\n\n<a href=\"#_ftnref5\" name=\"_ftn5\">[5]<\/a> <a href=\"https:\/\/www.weforum.org\/reports\/global-risks-report-2022\/in-full\/chapter-3-digital-dependencies-and-cyber-vulnerabilities\/\">https:\/\/www.weforum.org\/reports\/global-risks-report-2022\/in-full\/chapter-3-digital-dependencies-and-cyber-vulnerabilities\/<\/a>\n\n<a href=\"#_ftnref6\" name=\"_ftn6\">[6]<\/a> <a href=\"https:\/\/www.techtarget.com\/whatis\/feature\/SolarWinds-hack-explained-Everything-you-need-to-know\">https:\/\/www.techtarget.com\/whatis\/feature\/SolarWinds-hack-explained-Everything-you-need-to-know<\/a>\n\n<a href=\"#_ftnref7\" name=\"_ftn7\">[7]<\/a> <a href=\"https:\/\/www.weforum.org\/reports\/global-risks-report-2022\/in-full\/chapter-3-digital-dependencies-and-cyber-vulnerabilities\/\">https:\/\/www.weforum.org\/reports\/global-risks-report-2022\/in-full\/chapter-3-digital-dependencies-and-cyber-vulnerabilities\/<\/a>\n\n<a href=\"#_ftnref8\" name=\"_ftn8\">[8]<\/a> <a href=\"https:\/\/www.weforum.org\/reports\/global-risks-report-2023\/\">https:\/\/www.weforum.org\/reports\/global-risks-report-2023\/<\/a>\n\n<a href=\"#_ftnref9\" name=\"_ftn9\">[9]<\/a> <a href=\"https:\/\/www.bloomberg.com\/professional\/blog\/metaverse-may-be-800-billion-market-next-tech-platform\/\">https:\/\/www.bloomberg.com\/professional\/blog\/metaverse-may-be-800-billion-market-next-tech-platform\/<\/a>\n\n<a href=\"#_ftnref10\" name=\"_ftn10\">[10]<\/a> <a href=\"https:\/\/www.marsh.com\/bg\/en\/services\/insurance-market-and-placement\/insights\/global_insurance_market_index.html\">https:\/\/www.marsh.com\/bg\/en\/services\/insurance-market-and-placement\/insights\/global_insurance_market_index.html<\/a>\n\n<a href=\"#_ftnref11\" name=\"_ftn11\">[11]<\/a> <a href=\"https:\/\/blog.netwrix.com\/2023\/02\/22\/system-hardening\/\">https:\/\/blog.netwrix.com\/2023\/02\/22\/system-hardening\/<\/a>"],"_business_sector":["field_66f6b5bcac8cb"],"business_sector":["Corporate"],"_content_series":["field_66fe3c439f8f6"],"content_series":[""],"_old_post_id":["field_66fe3fd59f8f7"],"old_post_id":["109270"],"_short_title":["field_60925d67125ef"],"short_title":["Reducing risk in a digital future"],"_summary":["field_6019304103a20"],"summary":["<p>The vision of a fully connected, digitized world \u2013 an interlinked <em>ubernet<\/em> of everything spanning business, governance and leisure \u2013 comes laden with promises of innumerable societal benefits.<\/p>"],"_mobile_featured_image":["field_66f6b4bee65f3"],"mobile_featured_image":["https:\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/shutterstock_2083390783-scaled-1.jpg"],"_push_notification":["field_66f6b47de65f1"],"push_notification":[""],"_publish_mobile":["field_66f6b491e65f2"],"publish_mobile":["1"],"_status":["field_652694983fe12"],"status":["publish"],"_thumbnail_id":["16172"],"_wpml_word_count":["{\"total\":2331,\"to_translate\":{\"ar\":2331,\"zh-hans\":2331,\"fr\":2331,\"ja\":2331,\"es\":2331,\"tr\":2331}}"],"_wpml_location_migration_done":["1"],"amazonS3_cache":["a:26:{s:93:\"\/\/cms.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/shutterstock_1536079445-scaled-1.jpg\";a:2:{s:2:\"id\";s:5:\"16173\";s:11:\"source_type\";s:13:\"media-library\";}s:109:\"\/\/cms.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Deloitte\u0393COs-digital-risk-framework-v2-scaled-1.jpg\";a:2:{s:2:\"id\";s:5:\"16174\";s:11:\"source_type\";s:13:\"media-library\";}s:86:\"\/\/cms.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Data-security-strategy-v2.jpg\";a:2:{s:2:\"id\";s:5:\"16175\";s:11:\"source_type\";s:13:\"media-library\";}s:99:\"\/\/cms.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Total-Cryptocurrency-Value-Received-v2.jpg\";a:2:{s:2:\"id\";s:5:\"16176\";s:11:\"source_type\";s:13:\"media-library\";}s:134:\"\/\/cms.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Cyber-security-digitalization-creates-opportunities-and-risks-v2-scaled-1.jpg\";a:2:{s:2:\"id\";s:5:\"16177\";s:11:\"source_type\";s:13:\"media-library\";}s:95:\"\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/shutterstock_1536079445-scaled-1.jpg\";a:2:{s:2:\"id\";s:5:\"16173\";s:11:\"source_type\";s:13:\"media-library\";}s:111:\"\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Deloitte\u0393COs-digital-risk-framework-v2-scaled-1.jpg\";a:2:{s:2:\"id\";s:5:\"16174\";s:11:\"source_type\";s:13:\"media-library\";}s:88:\"\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Data-security-strategy-v2.jpg\";a:2:{s:2:\"id\";s:5:\"16175\";s:11:\"source_type\";s:13:\"media-library\";}s:101:\"\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Total-Cryptocurrency-Value-Received-v2.jpg\";a:2:{s:2:\"id\";s:5:\"16176\";s:11:\"source_type\";s:13:\"media-library\";}s:136:\"\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Cyber-security-digitalization-creates-opportunities-and-risks-v2-scaled-1.jpg\";a:2:{s:2:\"id\";s:5:\"16177\";s:11:\"source_type\";s:13:\"media-library\";}s:75:\"\/\/cms.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/The-Toyota-Way.jpg\";a:2:{s:2:\"id\";s:5:\"16154\";s:11:\"source_type\";s:13:\"media-library\";}s:83:\"\/\/cms.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/The-Toyota-Way-217x300.jpg\";a:2:{s:2:\"id\";s:5:\"16154\";s:11:\"source_type\";s:13:\"media-library\";}s:77:\"\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/The-Toyota-Way.jpg\";a:2:{s:2:\"id\";s:5:\"16154\";s:11:\"source_type\";s:13:\"media-library\";}s:85:\"\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/The-Toyota-Way-217x300.jpg\";a:2:{s:2:\"id\";s:5:\"16154\";s:11:\"source_type\";s:13:\"media-library\";}s:107:\"\/\/cms.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Faisal-Abdalla-at-The-Jameel-Principles-launch.jpg\";a:2:{s:2:\"id\";s:5:\"16156\";s:11:\"source_type\";s:13:\"media-library\";}s:109:\"\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Faisal-Abdalla-at-The-Jameel-Principles-launch.jpg\";a:2:{s:2:\"id\";s:5:\"16156\";s:11:\"source_type\";s:13:\"media-library\";}s:89:\"\/\/cms.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/The-Jameel-Principles-header.jpg\";a:2:{s:2:\"id\";s:5:\"16155\";s:11:\"source_type\";s:13:\"media-library\";}s:91:\"\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/The-Jameel-Principles-header.jpg\";a:2:{s:2:\"id\";s:5:\"16155\";s:11:\"source_type\";s:13:\"media-library\";}s:90:\"\/\/cms.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/The-Jameel-Principles-culture.jpg\";a:2:{s:2:\"id\";s:5:\"16153\";s:11:\"source_type\";s:13:\"media-library\";}s:92:\"\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/The-Jameel-Principles-culture.jpg\";a:2:{s:2:\"id\";s:5:\"16153\";s:11:\"source_type\";s:13:\"media-library\";}s:95:\"\/\/cms.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/The-Jameel-Principles-associates-1.jpg\";a:2:{s:2:\"id\";s:5:\"16152\";s:11:\"source_type\";s:13:\"media-library\";}s:97:\"\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/The-Jameel-Principles-associates-1.jpg\";a:2:{s:2:\"id\";s:5:\"16152\";s:11:\"source_type\";s:13:\"media-library\";}s:132:\"\/\/cms.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Sheikh-Abdul-Latif-Jameel-with-two-business-associates-1932-680x378-1-1.jpg\";a:2:{s:2:\"id\";s:5:\"16151\";s:11:\"source_type\";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vision of a fully connected, digitized world \u2013 an interlinked <em>ubernet<\/em> of everything spanning business, governance and leisure \u2013 comes laden with promises of innumerable societal benefits. \u00a0It doesn\u2019t matter who you are, we are told: A faster, more productive and more satisfying way of living is on the way.\r\n\r\nAnd hopefully that is indeed the case. \u00a0If you run a business, just as we do here at <a href=\"https:\/\/alj.com\/en\/\">Abdul Latif Jameel<\/a>, you can personalize products and services to target customers with unprecedented precision. \u00a0If you manage a public service, you can respond to live user data and assign resources accordingly for seamless operation. \u00a0If you are a patient, you can have your health monitored remotely and treatments prescribed instantly, like some of the healthtech innovations discussed in this <a href=\"https:\/\/aljhealth.com\/en\/insights\/investing-in-health-tech-and-digitizing-healthcare\/\">Abdul Latif Jameel Health<\/a> article. \u00a0And if you are, well, almost anyone, you can manage your shopping online and have goods appear on your doorstep with uncanny timeliness \u2013 almost as if the store had read your mind.\r\n\r\nExcept, maybe the store <em>had<\/em> read your mind. \u00a0In a way. \u00a0Maybe it had trawled the web for your consumption habits, followed the telltale footprints of your data trail, and drawn conclusions about you even before you had arrived at them yourself.\r\n\r\nIn which case, let\u2019s take the scenario further.\r\n\r\nWhat if one day the store\u2019s suffered a data breach and the knowledge they hold about you fell into the hands of less scrupulous parties?\r\n\r\n<img class=\"aligncenter size-full wp-image-109292\" src=\"https:\/\/alj.com\/app\/uploads\/2023\/08\/shutterstock_1536079445-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1396\" \/>\r\n\r\nLet\u2019s take the scenario further still.\r\n\r\nYou might expect \u2018the system\u2019 to come to your aid \u2013 banks, lawmakers, justice departments \u2013 but what if those systems have themselves been routinely weakened by cyber-attacks and rendered toothless?\r\n\r\nFor some, the dream of a digital transition might suddenly be starting to sound a little eerie. \u00a0That eerie feeling is, perhaps, the sound of millions of people simultaneously awakening to the idea that our transformation into a digital society is not without danger. \u00a0Research shows the digital transition of our work, home and governance comes laden with risks and the potential for exploitation.\r\n\r\nSuch anxiety seems unlikely to halt the transition. \u00a0The 2023 Digital Business Study, which quizzed almost 1,000 IT leaders in North America, APAC and EMEA, showed 93% of decisionmakers were now pursuing a digital-first business strategy.<a 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