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Many businesses can believe if they are controlling risk they are mitigating the cyber risk their business may face.
So when you mitigate the cyber risks in your business you are following this process:
All seems reasonable, right?
However, the reality in business is that what one person sees as a priority cyber risk, another terms as medium, or can even be accepted! Differing views can create ambiguity in different teams right down from management level.
Previous qualitative measures have always been based on what is likely or not to occur and the likely impact on a business. This allows so much open interpretation depending on your position. However, if someone was to say to you your business is about to be attacked costing you £3million pounds, then that kind of sharpens the mind, right?
Cyber risk quantification allows Monterey data driven facts to make those decisions for you, using sophisticated modelling techniques like Monte Carlo simulations that will calculate the VaR, or expected loss of any risk exposure.
This is providing many businesses with the right information to truly mitigate and control cyber risk by placing a value on this and allowing leaders to ascertain, with total transparency, where budgets should be placed.
In short – everyone.
CISO’s in particular obtain a deeper understanding of the cyber risk they are facing. Board Level leaders are able to receive the clarity that is so needed in understanding not only the biggest threats to their business, but how much value is assigned to that cyber risk.
It’s out there already – the biggest threats to your business, but you cannot ignore the benefits of implementing cyber risk quantification.
More precise, clear decisions: No more assumptions as to what your businesses cyber risks are. With Cyber risk quantification, you will have total clarity as to your threats and where budget needs to be spent for maximum protection plans.
Minimise uncertainty: When cyber risk is clear, then you minimize the uncertainty. Everyone knows the risks, how they are ranked and what controls are needed to mitigate and control because data doesn’t lie!
Effectiveness in your risk mitigation: Your teams can begin to understand the effectiveness of their controls because cyber risk quantification will provide insight of the risk reduction through each control. If the risk is still high then you know you need more financial resource to reduce that risk. This way you are more proactive than reactive.
Demystifying cyber for your Boards: Boards are gaining more and more oversight on the cyber security of their business. However, jargon-filled presentations filled with hypothesis rather than data driven fact can “lose” the Board and lose momentum in focusing on the right cyber risks. Quantifying that risk makes it abundantly clear.
When modelling your business’ cyber risk, what are you basing those risks on?
You may have completed a full risk assessment, but do you have the level of assurance needed to know that these are the current risks? Are these point-in-time, outdated cyber risks by now?
Therefore, a cohesive cyber risk approach is needed. That’s where continuous controls monitoring can help and here’s how:
Cyber risk quantification and continuous controls monitoring work hand in hand for effective, real-time identification of risk; it’s not a “nice to have”, it’s becoming increasingly a “need to have” element to your cyber security, risk and compliance posture.
To find out more about how we can support you with cyber resilience and visibility of your security, risk and compliance posture, then do reach out by clicking the green contact us tab.
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See it for yourself – automated Continuous Controls Monitoring (CCM), with complete cyber controls visibility in a single pane of glass, continuance compliance, automated audits, our unique service wrap, and more.
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A very experienced and respected Senior Leadership Executive, with over 30 years’ experience in Information Technology, Information/CyberSecurity and Risk. Specialises in delivering business transformation, leading people through change and taking them on a journey to deliver and exceed company expectations. Highly regarded by his peers and colleagues across the globe. A very confident and effective communicator at CXO level, and valued as an expert presenter at numerous worldwide forums . Across his career been in Senior CISO and leadership positions in Banking, Telco, Network & Utilities, Several UK Government Departments,
Has extensive Cyber Security, Operational Risk, Compliance and Business Transformation expertise, gained across a broad range of industries. Former Director of Cybersecurity for CGI and CapGemini and Ex CISO for O2.
Will has spent the last 9-years embedded in Cyber Security working with global, household names and innovative start-ups.
Passionate about bringing people and technology together, Will has worked in various settings, helping build high-growth organisations across multiple sectors. During this time, he has built an extensive network with access to some of the best talent out there.
Outside of QO, his young daughter keeps him well on his toes!
Mark works with SMEs and charities to develop strategies to help them grow and access development capital. He is a NED, charity trustee and mentor to a wide range of people. His plural career started in 2017 after 16 years at pwc as a Deals partner working with large corporates and PE houses; at pwc he also ran the Retail and Consumer practice and was Chairman of the pwc UK Supervisory Board. Prior to pwc he was an executive director at Welcome Break and Iceland Group, and a partner at Bain and Company. He trained as an engineer at Imperial College and has an MBA from INSEAD.
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Eamon is a highly regarded and massively respected technology career professional as well as serial entrepreneur. He has started, grown and successfully taken to market three technology business.
Genuinely expert in technology, Eamon has enjoyed long-term working relationships with many of the world’s top companies and organisations in finance, banking, government, manufacturing, engineering, technology and the charities sector.
He draws on unparalleled contacts and experience and provides advice, solutions and recommendations, as well as helping respond to emergencies. Eamon has grown in-house and client teams and has a gift for hiring great people.
Peter has the ability to do what many fail to and that is to consistently bring together highly professional teams and build a business environment that is supportive, agile, professional and where everyone enjoys coming into the office.
Bringing a unique blend of business acumen and technical knowledge to the role of non-exec director, Peter has already demonstrated his ability to bring an exceptional flair for dealing with complex situations with a clear, considered approach.
Personally, Peter brings humility and a strong moral compass to the team. His disarming and self-deprecating approach wins everyone over.
Anwen has worked in B2B and B2C marketing for over 20 years. From transforming end-to-end customer journeys in retail with strategic customer-centric plans to target driven focused strategies for B2B sales. With extensive experience in digital marketing including SEO, as well as Brand development, she loves to develop a cohesive approach to brand image and communications to drive and develop the business proposition and perception.
Alice has worked in the IT industry for 20 years. Starting in Procurement, she moved into Software Asset Management before transitioning into Customer Success Management. Working across a variety of roles for different industries as both a customer and a service provider has given her a great understanding of what makes a great service. She has always been passionate about building and maintaining great customer relationships and helping her customers achieve their goals.
Owain has spent nearly a decade building software solutions and products within the cyber security sphere for the likes of government entities, large telecommunication companies, banks and card transaction companies.
This level of experience allows him to swiftly identify business and security processes that can be streamlined with automation, increase the efficiency of existing processes, as well as generate insightful data visualisations and models for members of an organisation at each different level.
Ami is a finance sector career professional, with many years’ experience working in financial services, both in London and throughout the UK. In addition to financial control, she looks after HR and legal for the company.
Being a mother of two also equips her with the basic skills required to manage a senior team of management and technology consultants.
Ami’s sense of balance and perspective is an essential ingredient of the Quod Orbis culture.
Alastair has spent the last 20 years working in Cyber Security and Risk Management. He is a passionate believer that security solutions should enable a business to take advantage of all the benefits of the digital world, while not putting the organisation’s data or productivity at risk.
Alastair has developed high-performing teams in some of the industry’s most competitive markets and launched new innovative technologies to market.
Being a rugby coach, and also having four sons at home, means he has lots of experience in keeping a passionate team in order but always has time for some fun!
Gary has 15 years’ experience in senior technology roles, and has already been closely involved in starting and taking two technology companies to market.
Totally comfortable with a fast-moving, state-of-the-art technical landscape, he helps his clients maintain and improve security and compliance.
He has a reputation for delivering pragmatic and easy to maintain solutions – business owners and managers enjoy knowing that the security and compliance is well managed and automated, properly instrumented and reported at a competitive cost point.
Honest, open, unflappable and very social, Gary is trusted by many household-name organisations to protect their, and their client’s data.
Martin is an experienced technology and organisational transformation specialist and an excellent, proven leader and communicator in mission-critical operations, particularly in security technology.
Over the past 20 years, multi-billion pound commercial organisations, including global banks, utilities and major investment funds have trusted Martin to transform their operations to meet financial, operational and compliance targets.
Martin optimises operations, managing and transforming operational teams of between 50 and 500 people, to deliver the highest levels of audit compliance, risk management and financial efficiency.
Often working with other major consultancies and suppliers for new global corporate owners or management teams, Martin will help integrate and streamline operations on a global basis.
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