The emergence of "new digital risks" is generated during the digital transformation, and it is crucial to be mindful that, simultaneously, it will alter people's perceptions of data, organizations, rights, and trust associated with digital technology. Even though the most significant challenge for businesses lies in execution while adopting digital technology and promoting digital transformation, the governance of "new digital risks" that arises in the process of societal digital transformation requires joint efforts from both the government and businesses to facilitate the advancement of national and industrial digital transformation.