CCM ROI Analysis
The significant cost and efficiency benefits of continuous controls monitoing vs manual, point-in-time management of cyber controls
Our Continuous Controls Monitoring: a new and better way
The old way
- Organisations with substantial investment in digital systems, payment systems and data traditionally manage cyber security, risk, audits and compliance through a patchwork of largely manual, resource- and money-sapping activities.
- Teams are forced to spend considerable time on manual controls-checking, audit and compliance activities across multiple, non-integrated tools and spreadsheets.
- This results in high costs in all areas.
- Much of the analysis is undertaken in point-in-time, severed from real data meaning inaccuracy is highly probable.
- Your organisation is exposed to the even greater potential cost and long-term impact of a breach.
The Quod Orbis CCM way
- Our Continuous Controls Monitoring automates controls management, saves time, frees resource for higher value output for enhanced compliance, cyber resilience and security posture reducing operational expenditure.
- Real-time controls visibility 24/7 From operational to board level – via our user friendly dashboards
- Risk assurance –continuous assurance, linked to real data
- Regulatory compliance – with all frameworks, avoiding costly, point-in-time manual audits
- Accurate and Independent – Total visibility of your control metrics, using data drawn directly from the controls
- Quod Orbis is a managed service, so your teams benefit from our expert and independent support – and continuous monitoring.
- Brand reputation and profit – minimises risk of brand impact and protects revenues and profits
Typical cost savings and ROI, are all detailed in our Analysis Infographic.
The high cost of the traditional approach
We continually review client environments to assess the cost of the traditional, largely manual, approach to managing and auditing security controls systems.
- In a typical FTSE 500 medium/large organisation with medium to high compliance requirements, these costs (staff costs + annual assessment costs) can be around £1.2m per annum.
- In larger organisations, or businesses with the most demanding compliance requirements, those costs can easily be £2m or more per annum.
The ROI benefits of our continuous controls monitoring approach
- By deploying the Quod Orbis CCM managed platform, ongoing savings on these costs of around 75% a year can be achieved.
- Cost savings, whilst significant, are amongst a much wider range of far-reaching business benefits.
A clear, comparative picture of the cost savings, ROI and many benefits of Quod Orbis CCM is shown in our CCM Costs and ROI Analysis Infographic.
Other cost exposure considerations
Business leaders and decision makers must also factor in the potential cost exposure of persisting with ineffective traditional methods of controls monitoring, audits and compliance.
Such an approach makes little or no business sense, however. Our effective Continuous Controls Monitoring solution not only enhances security posture and cyber resilience, but also delivers very significant cost savings over the traditional, manual-intensive approach.
The cost of a breach
$3.86m average, 7.13m in healthcare
The average total cost of a data breach was $3.86m in 2020, with Healthcare having the highest industry average cost at $7.13m.
Time spent on a breach
280 days on average, 7.13m in healthcare
The average time spent identifying and containing a data breach (the “breach lifecycle”) was 280 days in 2020. However, breach costs can linger for years.
