Technology is moving faster than ever, and picking up speed every day. It feels as though a decade's worth of change has happened over the past three years across technology advancement, business strategy, leadership, regulation, the economy and more. This change is so rapid and so prevalent that innovation is now consistently arriving before the rules, best practices or governance controls needed to manage related risks.

For example, think about how people communicate now, versus before the pandemic. Nearly every person's digital conversations in the last 48 hours have hopped between emails, Slack, chat apps like WhatsApp, Teams meetings and texts, with memes, videos, slang and emojis used to convey meaning in place of traditional language. In parallel, business models and day-to-day work are changing in revolutionary ways. The percentage of business closed in a digital manner is increasing. There are now different ways of building and protecting business relationships. Despite this, policy and process within many organizations still reflect past working models.