Company readiness for digital transformations: problems and diagnosis

Dolganova, Olga; Deeva, Elena A.

doi:10.17323/1998-0663.2019.2.59.72

Cited by 32 publications

(32 citation statements)

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“…Accounting and evaluation of RCa on a risk-based approach should imply that each reason for the implementation of RCa has a potential impact on the bank (associated with disruption in the continuity of banking activities, reduced quality of RBS, financial losses, etc.) [21,22]. Nevertheless, for a bank the size of the consequences of the destructive nature of the losses is more important, rather than the reasons for the loss of money (non-repayment of the loan, hacker attempt on the security system, etc.…”

Section: Resultsmentioning

confidence: 99%

Approaches to measuring the risk of cyberattacks in remote banking services of Russia

Berdyugin

Ревенков

2019

BIT

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Purpose. Due to the use of technology in banks their risks of information security breach are rising significantly. In the context of active introduction of remote banking services (RBS) in banking business of Russia, additional study of issues of assessing the risk of cyberattacks on banking automated systems was required. Methods. The methods of financial management, probability theory, system analysis of scientific literature on fundamental and applied research, and a method of graphical interpretation of analyzed phenomena are used. The paper gives a detailed analysis of the concepts of "cyberspace" and "cybersecurity". Remote banking is considered from the point of view of financial management. Attention is drawn to the factors of work in cyberspace that increase the levels of banking risks. The relationship of cyberattacks on banking automated systems and possible consequences for the bank is analyzed. Novelty. Given the wide spread of social engineering methods when committing fraudulent activities on the Internet the measures to increase the cyber literacy of population are needed. The method for assessing the risk of cyberattacks on RBS for use by risk department specialists and employees of internal control services is developed. As a result, considering innovative systems and technologies that await us in the future, the effectiveness of risk assessment for solving current challenges is increased. Results. Attempts are made to formulate the mathematical model of the probabilistic analysis of information security incidents to optimize the algorithm for responding to incidents. Calculations based on the proposed model made it possible to determine the duration of exploitation of vulnerability of RBS, when the probability of preventing an incident exceeds probability of its realization. The findings may be useful for scientific research on the risks of information security breach in RBS.

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Section: Resultsmentioning

confidence: 99%

Approaches to measuring the risk of cyberattacks in remote banking services of Russia

Berdyugin

Ревенков

2019

BIT

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“…At the same time, as companies risk approaching transformation as an IT project, a concept is needed to integrate business and IT strategy. is risk could be overcome within the framework of the architectural approach [Dolganova, Deeva, 2019] to building the current and target architecture of the company, de ning a transformation scenario, and ensuring smart management. Digital transformation is not recommended to be implemented as a single project [Issa et al, 2018], so as not to lead the company to a big failure, but to ful ll it gradually, based on capability maturity, that is, alignment and integration of business and technology.…”

Section: Related Workmentioning

confidence: 99%

“…On this stage, consulting companies monitor successful projects [KPMG, 2016] to con rm the need to design a framework or develop previously existing evaluation models Forrester [Gill, VanBoskirk, 2017]. In the research of the academic community, the objective of developing a framework is formed based on a constant study of transformation problems [Schumacher, Erol, Sihn, 2016], identifying the need for a model by the business community [Dolganova, Deeva, 2019].…”

Section: Related Workmentioning

confidence: 99%

“…Consulting companies rely, as a rule, on their own projects [PWC, 2016;KPMG, 2016;Gill, VanBoskirk, 2017], interviews of partners [BCG, 2016]. e academic researchers [Schumacher, Erol, Sihn, 2016;Dolganova, Deeva, 2019;Sánchez, Zuntini, 2018;Issa et al, 2018] provide analysis of articles, analytical reports of consulting companies and IT companies. Criteria for selecting sources corresponding to a given goal are de ned, general concepts of a future model are marked.…”

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confidence: 99%

“…Generalization of desired concepts: levels of models/frameworks, measurements. On this stage, through the used methodologies, the general framework of the model is determined [Schumacher, Erol, Sihn, 2016;Dolganova, Deeva, 2019;Bibby, Dehe, 2018;De Carolis et al, 2017]. 4.…”

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confidence: 99%

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The framework for assessing company’s digital transformation readiness

Stoianova

Lezina

Ivanova

2020

SUJES

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At present, the focus of discussions on digital transformation has shi ed from issues of its necessity to problems of assessing a company's readiness for digital transformation. e specicity of digital transformation in Russia requires new criteria of readiness and prioritization of existing criteria. is study explores a combination of factors (prerequisites) that determine the readiness of Russian companies for digital transformation. Our hypothesis is that it is possible to systematize and formalize these prerequisites, which can be presented as a framework for assessing readiness. e purpose of the study is to design such a framework that takes into account not only the current state of the company, but also its previous development. e paper formulates the requirements for the readiness assessment system in the form of a framework. It also proposes a method of desing a framework with these requirements. e method combines analysis of practical cases and theoretical study of modern concepts and best management practices. As a result of applying the proposed method a framework for a company's readiness for digital transformation assessment (DTRA) is created. e DTRA framework includes criteria and characteristics of readiness grouped into domains. It is intended for a qualitative evaluation of readiness and for understanding obstacles to success of the digital transformation.

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Technology as Driver, Enabler and Barrier of Digital Transformation: A Review

Tsiavos

Kitsios²

2022

Lecture Notes in Business Information Processing

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Company readiness for digital transformations: problems and diagnosis

Cited by 32 publications

References 0 publications

Approaches to measuring the risk of cyberattacks in remote banking services of Russia

Approaches to measuring the risk of cyberattacks in remote banking services of Russia

The framework for assessing company’s digital transformation readiness

Technology as Driver, Enabler and Barrier of Digital Transformation: A Review

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