Article

Is Your Risk Strategy Built for a Digital Future?

Key Takeaways

  • Leading organizations integrate risk considerations across operations, technology, and finance to support smarter, faster decisions.
  • From AI risks to data governance gaps, today’s threat landscape demands proactive and organization-wide resilience.
  • Resilient organizations treat risk visibility as a performance driver — not just a compliance requirement.

Today’s threats are faster, more complex, and more interconnected than ever. A strong risk strategy enables faster decision-making, builds internal alignment, and creates a foundation for long-term growth.

Here’s how leading organizations are shifting their risk lens.

Integrate Risk into Technology Planning

Emerging tech equals emerging exposure. AI, IoT, and cloud adoption introduce vulnerabilities that traditional controls weren’t built to catch.

Ask yourself: If your organization is accelerating cloud migration or AI use, have you mapped the associated risk landscape?

Common gaps:

  • Underestimated vendor risk in cloud and SaaS tools.
  • Unvetted AI models introducing data and ethical exposure.
  • Inconsistent security practices across digital pilots.

To move forward with confidence, leading organizations are mapping these risks early, aligning technology planning with risk strategy to ensure innovation doesn’t outpace resilience.

Tighten Data Governance Before It Becomes a Liability

Rapid data growth, tighter regulations, and AI-driven models have made data governance more necessary.

Over one-third of business leaders we surveyed say that security and governance concerns are holding them back from harnessing AI in their organizations.

Ask yourself: Are your data policies strong enough to support responsible AI and privacy-by-design?

Smart moves to consider:

  • Formalizing data ownership and lifecycle policies.
  • Building audit-ready logs for all high-risk datasets.
  • Applying risk lenses to AI training data.
Treat Cybersecurity as a Business-Wide Function

Modern cybersecurity risk isn’t confined to firewalls or compliance checklists. It’s a dynamic, organization-wide challenge.

Ask yourself: Do your cyber controls scale across vendors, systems, and users?

What leading organizations are doing:

  • Using zero trust frameworks to limit lateral movement.
  • Aligning cybersecurity efforts with digital growth plans.
  • Conducting tabletop simulations for ransomware readiness.
Technology alone can’t solve risk; without a strong culture, human error remains the biggest vulnerability.
According to Verizon, ransomware attacks surged 68% last year, and over 75% of breaches involved the human element.

Ask yourself: Does your risk culture extend beyond leadership and IT?

Best practices:

  • Conducting social engineering and phishing testing.
  • Encouraging speak-up culture and whistleblower protections.
  • Requiring digital fluency and fraud awareness across roles.

Address Interdependencies in Your Digital Ecosystem

Technology shifts have made business ecosystems broader and more fragile. One misstep in your vendor chain can quickly become your problem.

Ask yourself: How are you evaluating your partners' controls, resilience, and risk posture?

Areas to assess:

  • Cyber posture of critical vendors and cloud partners.
  • SLAs and incident response alignment.
  • Weak links in your digital supply chain.

Mapping interdependencies across your ecosystem helps prevent a single vendor misstep from becoming a business-wide disruption.

Consider Outsourced IT as a Strategic Failsafe

When service interruptions or staff turnover hit, outsourced IT can provide right-sized support exactly where you need it most — helping mitigate outages, malware, or system failures with expert escalation and rapid response.

Let us help you reach your technology goals

Test Your Resilience Against Real-World Scenarios

Business continuity in a digital world isn’t about backups alone. It’s about how fast you can pivot, recover, and adapt when (not if) disruption hits.

Ask yourself: If you lost access to a care system or data set, what happens next?

Key areas to validate:

  • Recovery time objectives across business units.
  • Automation dependencies in critical processes.
  • Coverage of your continuity and recovery playbooks.
According to the Ponemon Institute, less than 40% of mid-market organizations have tested their business continuity plans in the past year.

Frequent testing ensures your continuity plan is more than a document — it’s a proven driver of organizational agility.

Where Risk Management Evolves Into Competitive Advantage

Organizations that view risk solely as a compliance issue are falling behind. As business processes become more digitized, small failures can have wide-reaching impact. From vendor outages to automation errors, operational leaders need to understand what could go wrong and how fast they can respond.

Questions to ask:

  • Do our risk plans account for digital and process-level disruptions?
  • Are we too dependent on outdated systems or manual workarounds?
  • Can our teams pivot quickly when faced with system outages or data loss?

In a recent survey, over half of respondents said they still rely on static reports and spreadsheets. Additionally, nearly the same number reported manual data processes in their organizations. The result of this type of manual process is significant when it comes to a risk environment, creating blind spots and increasing exposure to preventable risks.

Digital Innovation Without Risk Awareness Is a Liability

Every new technology initiative carries embedded risk. Without proper alignment between IT and risk management, these innovations may increase your threat surface more than your efficiency.

Questions to ask:

  • Are we building security, governance, and resilience into every new system?
  • Do our digital partners meet the same standards we expect of ourselves?
  • How are we managing the risk of emerging tech like generative AI and deepfakes?

Are you ready to move from surface-level assessments to integrated, future-ready risk strategy?

Our advisors partner across cybersecurity, data, and technology to help you see what’s next and prepare for it with confidence.

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About the Author(s)

Eric Pulse

Eric A. Pulse, CISA, CISM, CRISC, CCSFP, CHQP

Principal/Risk Advisory Practice Leader
Eric joined Eide Bailly in 2013 and has over 25 years of experience in public accounting and consulting. He leads Eide Bailly’s Risk Advisory Services practice and specializes in providing information technology, risk advisory and cybersecurity consulting services to a variety of industries, including banking, credit unions, healthcare, insurance, retail, manufacturing and governments. He advises Eide Bailly clients on how to keep their valuable data secure in a world of increasingly sophisticated cyber threats. With his many years of experience, Eric has become a true thought leader in the culture of cybersecurity.