Managing Digital Risks: A Primer
Publication | December 2023
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This publication analyzes the risks of digital transformation and shows how context-aware and integrated risk management can advance the digitally resilient development projects needed to build a more sustainable and equitable future.
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The publication outlines ADB’s digital risk assessment tools, looks at the role of development partners, and considers issues including cybersecurity, third-party digital risk management, and the ethical risks of artificial intelligence. Explaining why many digital transformations fall short, it shows why digital risk management is an evolutionary process that involves anticipating risk, safeguarding operations, and bridging gaps to better integrate digital technology into development programs.
Contents
- Executive summary
- Introduction
- Digital Diagnostics: Methods and Approaches
- Digital Transformation: Challenges, Selection Criteria, and Future Trends
- Digital Risk
- Cybersecurity Risks
- Third-party digital Risk Management
- Privacy Risk and Data Protection: Building Trust through Governance
- Ethical AI Risks
- Digital Risks to Human Rights and Vulnerable Groups
- Sustainability Risks
- Digital Resilience
- Appendixes
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