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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.

Source: IBM/Ponemon, Cost of Data Breach Study 2020.
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.

Source: IBM/Ponemon, Cost of Data Breach Study 2020.

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To find out more about cyber security and Continuous Controls Monitoring, please complete the form below with a short message and we’ll get right back to you. Alternatively, you can book a meeting directly.

Address:
2nd & 3rd Floor,
2 Burgon Street,
City Of London,
London,
EC4V 5DR

 

Uttamkurmar Lakhani

Technical Analyst -

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Address:
2nd & 3rd Floor,
2 Burgon Street,
City Of London,
London,
EC4V 5DR

 

Liam Flavin

Intern Developer -

Ekaterina Kuzevanova

Back End Developer -

Mohamed Mohamud

Front End Developer -

Juan Morales

DevOps Engineer -

Luke Bakare

DevOps Engineer -

Rutvik Belapurkar

Technical Analyst -

Harman Singh Malhotra

Technical Analyst -

Jason Wilkes

Technical Lead -

Annie Greenfield

Marketing Executive -

Will Tonge

Head of Recruitment -

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!

Shaun Barnes

DevOps Team Lead

Mark Hudson

Non-Exec Director -

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 Flavin

Non-Exec Director -

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 Martin

Non-Exec Director -

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 Haynes

Head of Marketing -

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 Walker

Head of Customer Success -

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 Rowley

Lead Developer -

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 Penolver

Head of HR & Legal -

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 Dickson

Commercial Director -

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 Penolver

CTO -

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 Greenfield

CEO -

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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