Understand the concepts of digital risk management and learn how you can manage digital risks complex digital risks in a world with increasing cyber dependency. The Digital Risk Management Qualification explains how new technologies and digitalisation are disrupting businesses, changing the risk environment for organisations of all types and posing new ethical challenges. It covers how appropriate risk management tools and techniques can be applied, adapted and developed in this digital infrastructure. The qualification also provides a detailed introduction to cybersecurity principles and practices.
Recommended eligibility for indian digital risk students and working professionals
Duration : 6 - 9 months
No. Of Units : 1 (6 Units)
Study Hours : 180 - 200
Online Study Resources
Exam Location : Choose from the 360 centers in IndiaThe Digital Risk Management Certificate is the ideal qualification for anyone looking to develop an understanding of risk management in the digital era. The qualification has been designed to introduce learners to digital disruptions such as cyber attacks, software failures, IT outages, and more, along with their causes and consequences. It aims to equip individuals with the tools and techniques to apply their skills in an increasingly digital world.
This qualification is awarded by the IRM and developed with support from the WMG Cyber Security Centre at the University of Warwick and the University’s Department of Politics and International Studies. In the video below, Professor Tom Sorell of Warwick University, co-author of the qualification, offers a comprehensive introduction to the new Digital Risk Management Certificate.
Upon completion of the qualification, you should be able to:
Entry CriteriaThere are no entry criteria for the Digital Risk Management qualification. However, the recommended eligibility is:
IRM's qualifications are delivered and assessed in English. If English is not your first language, we recommend you have an Academic IELTS score of 6.0 (with no element less than 5.5) or equivalent evidence of competence in the English language before beginning your studies.
Duration
Modules of Digital Risk ManagementLearning outcomes:
After studying this unit, you should be able to:
| Unit Contents | Section Learning Outcomes |
|---|---|
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Discuss how the world of digital technology has and is changing, including identifying the characteristics of a technical turning point Discuss the concept of the 4th industrial revolution |
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Discuss a range of different digital technologies and explain how they are evolving to equal or to better the corresponding human abilities |
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Explore exponential growth in relation to Moore’s Law and its impact on innovation |
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Explain the concepts of non-rival goods and very cheap reproducibility to digital data and apply these ideas to a commercial case study |
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Understand the rapid development of FinTech and RegTech and the principal impacts these can have on an organisation Explain the concepts of Blockchain and Bitcoins |
Learning outcomes:
After studying this unit, you should be able to:
| Unit Contents | Section Learning Outcomes |
|---|---|
|
Discuss how the world of digital technology has and is changing, including identifying the characteristics of a technical turning point
Discuss the concept of the 4th industrial revolution |
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Analyse how digital disruption is affecting organisations both positively and negatively at all levels Discuss some recent digital innovations, including some involving artificial intelligence |
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Discuss how digital disruption is affecting productivity, including the relationship between general purpose technology, economic growth and productivity |
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Discuss some negative effects of digital disruption and analyse the ethical issues involved in digital technology Explain the legal issues and demands involved in digital technology by reference to the European GDPR |
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Understand the main types of risk that an organisation might face from both an internal and external context Explain the use of standards such as ISO 31000 in organisations Discuss risk management principles, the risk framework and the risk process Explain risk appetite, risk tolerance and the main types of controls Understand resilience in outline |
Learning outcomes:
After studying this unit, you should be able to:
| Unit Contents | Section Learning Outcomes |
|---|---|
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Explain the difference between digitisation risks and cyber security risks Describe some risks associated with 5 models for digitising a business from scratch or adapting offline business to online transactions |
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Describe key cyber security threats arising from internet-assisted financial and social opportunities afforded by connectivity
Explain key cyber security concepts including vulnerability and defence in depth |
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Explain how cyber security weaknesses can result from outsourced connections Describe key cyber security risks including hacking, cyber attacks and malware Explain the significance of crucial case studies of data breaches |
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Analyse the classification of cyber security functions and apply these to organisationsDescribe the roles within these functions |
Learning outcomes:
After studying this unit, you should be able to:
| Unit Contents | Section Learning Outcomes |
|---|---|
|
Describe how to identify and classify information assets Explain how to develop controls to reduce risk |
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Identify appropriate cyber defence points to apply controls Select the type of control and integrate with others that are active |
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Explain how sets of controls help develop defence in depth Analyse multiple combined attacks such as Advanced Persistent Threat (APT) |
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Explain how human factors can compromise physical and cyber security Describe actions that can reduce the risk arising from human factors |
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Describe the life cycle of a typical complex attack Compare the effectiveness of various alternative technical controls and high-level tests |
Learning outcomes:
After studying this unit, you should be able to:
| Unit Contents | Section Learning Outcomes |
|---|---|
|
Describe the evolving nature of attack and defence |
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Consider evolving defence methods Be able to operate and describe a 14-point framework for defence |
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Examine the motivations and capabilities of the threat actors fighting the cyber security cold war |
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Discuss how a risk management system can help manage multiple digital risks Carry out a digital risk assessment Apply a six-step approach to digital risk management for an organisation |
Learning outcomes:
After studying this unit, you should be able to:
| Unit Contents | Section Learning Outcomes |
|---|---|
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Discuss governance and digital risk Explain how the techniques discussed in this module integrate and align with business objectives |
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Discuss the requirements needed to manage changes effectively to protect organisational objectives |
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Operate a simple diagnostic audit on cyber security and describe some best practice approaches |
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Describe the approach to incident management and reporting Discuss audit and assurance for digital risks |
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Discuss possible future digital trends and risks Comment on the potential impact on digital and cyber security |
Study SupportCandidates can prepare for the Digital Risk Management Certification alongside their career. With access to global study resources and a discussion forum, candidates gain immense knowledge required in preparing for the qualification examination.
Students will receive access to the following upon completion of enrolment and payment of fees:
Application timelines and key dates
Exams can be given in June or November at any of the 360 examination centres in India. The results are typically announced within 6-8 weeks.
Please note that the enrolment is not an enquiry form or an expression of interest. By completing the online enrolment application, you are enroling as a candidate for the examination and must pay the fees.
Examination
Enrolment process
Fees(including 18% GST on registration fees)
