Does our supply chain include Russia? Should we be in the metaverse? Do we have a ransomware recovery plan? Even, should top managers have landlines? 2 years ago, some of these questions would be laughed out of meetings or boardrooms. However, these questions of risk, whether that be financial, operational or political, now occupy the headspace of business and technology leaders. Our interconnected and complex world has seen businesses begin to rethink risk and, more crucially, how to manage it. In particular, over the last two years, emphasis has been placed on rethinking how to mitigate and manage technology risk; with tech and business leaders feeling ill-equipped to tackle the level of technology risk found in modern technology infrastructure. It is, therefore, a crucial time to consider a new technology risk management paradigm. Below, I lay out the fundamentals of this new TRM approach and examine how adopting a new approach could benefit your organisation.
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