Digital Transformation as a Source of New Risks for the Enterprise

Abstract

The article analyzes the contradictory impact of digitalization on the development of the economy and society. It is argued that the process of digital transformation of business has led to the emergence of new threats, which include the following types of risks: the risk of violating the confidentiality of information, cybersecurity of information systems, the risk of losing control over information flows; the risk of damage to reputation and brand by social media; the risk of a "gap" in HR potential associated with limited staff competencies (or lack thereof) in the field of digitalization.

Digital Transformation: Identifying Trends in the Covid-Fuelled Brick-To-Click Service Delivery Transition & Establishing Digital Transformation Models – Preliminary Review

“…While the social aspects could be considered to be compromised at least for the time being, functional communications had to be sustained irrespective of the externally caused barriers such as lockdowns and trading restrictions. Grosul and Usova (2021) emphasize that communication breakdowns are not mare inconveniences that may slow the business down but can translate into any further problems such for instance information security problems. Thus, instead of providing solutions to the transformation jigsaw puzzles, on the contrary -the CTs may act contagiously and escalate the situation even further.…”