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Digital risk management smart practice for businesses

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Pervez Delawalla, CEO of net2EZ Managed Data Centers, recently told Smart Business it is a must for businesses of all sizes to protect themselves with a digital risk management strategy due to the increased use of digital technology in the workplace.

"Today’s society is completely based on digital recordkeeping and digital media," Delawalla told the website. "If companies don’t have strategies in place to insure their digital lives, they are just playing with fire."

Aside from purchasing cyber liability insurance, which could help businesses with legal issues resulting from data breaches that lead to customer data loss, Delawalla told the website businesses need to cover themselves by evaluating where their digital life exists, which will define their risk exposure.

After knowing where the risk lies, Delawalla told Smart Business that the head of IT for a business would be able to create a disaster recovery location for critical data.

InformationWeek recently profiled one small business that was able to cut down the amount of time it would need to get back to full strength after a breach by taking advantage of such things such as virtualization and data backup.

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