What is Digital Risk Protection (DRP)? Why it's Critical In 2024 | UpGuard

This document is an overview of Digital Risk Protection (DRP) that defines digital risk across cybersecurity, operational, compliance, financial, and reputational domains; categorizes nine types of risk (including cybersecurity, data leaks, third-party, technology, and privacy); and presents a continuous 5-step DRP framework (identify, classify/prioritize, monitor, remediate/respond, review/optimize). It recommends proactive mitigation strategies and supporting tools—such as attack surface management, data leak monitoring, third-party risk management, Zero Trust, and SOAR—describes integration with SOC and GRC workflows, offers brief case examples, and outlines future trends like AI-powered impersonation, automation of response, and tighter cyber insurance requirements.