How Did Businesses Deal with the Cybersecurity Risks and Challenges that Come with New Business Model of Remote Work, Role of a Risk Manager

Abstract

Businesses have always been finding ways to improve , gain a competitive edge in the markets, get more customer share as compared to their peers. In trying to achieve all these objectives, they have to come up with new business models and strategies. The COVID-19 pandemic, however, forced the businesses to adapt or fail, the new operation model of remote work was the only way out for, if not all then majority businesses. As a result, these firms did thrive, more startups showed up to the competition as well, economies jumped back and quickly recovered to normalcy. While moving away from previous business strategies and models in adopting the new remote work culture invites its owns set of challenges as well as cybersecurity risks. These risks can be tackled on a use case basis based on mitigating controls and measures that security staff members come up with, however, Risk managers are very well positioned in a firm to drive a strategic risk response while communicating these risks between engineers and accountable executives. Risk management now is no longer a tool that enterprises needed to gain profits its now an essential mechanism that aids in survival of businesses, Risk managers are now more in demand than ever, these roles enable comprehensive risk reporting to senior leadership helping them understand the holistic risk posture. This article provides insight into the various aspects of remote work culture, positives and risk, furthermore talks about the role of risk managers combined with techniques or methods that can help mitigate the risk identified.