As Brexit uncertainties persist and populism continues to surge across the bloc, EU companies are encountering new political and regulatory challenges. Many headlines focus on the issues of trade and immigration, which are no doubt key questions for the future operating environment in the EU and the United Kingdom. However, changes in the digital environment—both technological and regulatory—will arguably pose an even bigger challenge to companies throughout Europe and around the world. The European energy sector is particularly susceptible to these digital risks given its sheer size, importance, and reach. Electric-utility executives therefore must devote time and resources toward improving their digital risk management practices.
We have descended into a period of digital disorder. The global technological landscape is currently being reconstructed, subjecting the once-free and unfettered transfer of data across borders to new and greater digital walls. Terms such as the “splinternet” and a “digital cold war” are becoming ubiquitous, forcing companies everywhere to shift strategies on everything from procurement to customer engagement. Cyberattacks, privacy…
