Digital disruption and transformation risk is real and it is important. Companies and leaders sense the risk and are reacting. What makes it difficult is distinguishing the hype from reality. Making that even more difficult is the fact that so much angel investor type money has moved earlier in the process, seeking companies and ideas before they ever go public. The result is that executives seeking to learn what others are doing must look elsewhere (other than public filings and public information). ERM leaders gathered at the Center for Excellence in ERM Fall 2018 ERM Summit to discuss what others are seeing, the impact of these disruptions, the associated risks, business changes, expectations, and how companies are responding.