Risk Cybersecurity Digital January 20, 2021As companies go digital, they create new risks, such as loopholes that hackers can exploit. Companies that have already built sophisticated risk-management teams are applying their resources to find and mitigate them. Chart: Companies with higher risk-management maturity use several transformation practices and tools to manage risks. Reported use of transformation practices by risk-management maturity level,1 % of respondents Risk-management maturity level Retrain personnel Automate processes New tools Reengineer processes Redesign organization Did not use tools 5 100 100 100 80 60 0 4 66 56 51 74 40 0 3 64 44 42 78 48 6 1–2 74 36 32 62 42 8 Average 69 48 45 73 46 5 Notes: 1Question: At a company like yours, how mature are digital and analytics risk-management capabilities? Companies rated their risk-management capabilities from 1 to 5, with 5 representing the most advanced in effectiveness and efficiency. Question: What levers would a company like yours use to identify and reconcile risks associated with digital and analytic transformations? Source: McKinsey Global Survey on Digital and Analytics Transformations in Risk Management, 2020 McKinsey & Company To read the article, see “Derisking digital and analytics transformations,” January 5, 2021.