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Cyber Risk Versus Threat – What’s the Difference and why do Organisations Need to Focus on Both?

Effective \risk & Threat Management Infographic


Let’s address the difference between cyber risk and cyber threat 

Managing risk and addressing threats in cyber security is a critical aspect of an organisation’s overall security strategy. Essentially organisations need to have a proactive outlook implementing measures to identify and mitigate potential risks and reactive steps to respond to specific threats.

Ultimately organisations need manage their risks as well as their threats so let’s breakdown how they do that:

Risk Management:

Risk management in cyber security involves assessing and addressing potential vulnerabilities and the impact they may have on the organisation. This helps prioritise security efforts and allocate resources effectively. Key steps in risk management include:

Risk Assessment:

  • Identify assets: Identify all an organisations’ assets and thus determine what information, systems and resources are most critical.
  • Identify threats: Understand the potential threats and vulnerabilities that could affect these assets.
  • Risk analysis: Evaluate the likelihood and potential impact of various threats to determine the level of risk associated with each.
  • Risk prioritisation: Prioritise risks based on their potential impact and likelihood.

Risk Mitigation:

  • Implement security controls: Put in place security measures such as firewalls, intrusion detection systems, encryption, access controls and more to reduce vulnerabilities.
  • Security policies and procedures: Develop and enforce security policies and procedures that address potential risks.
  • Training and awareness: Ensure that employees are educated about security best practices and are aware of their role in risk mitigation.

Risk Monitoring and Review:

  • Continuously monitor systems and networks for potential vulnerabilities.
  • Regularly review and update risk assessments to adapt to changing threat landscapes.
  • Report on those risks at Board level.

Threat Management:

Specific and active threats are addressed with threat management, involving detecting, responding to and mitigating these threats.

The threat management key steps are:

Threat Detection:

  • Use security tools and technologies (e.g., antivirus, intrusion detection systems, SIEM) to monitor networks and systems for signs of unauthorised access or malicious activity.
  • Collect and analyse logs and data to identify potential threats.

Incident Response:

  • Develop an incident response plan that outlines how the organisation will react to a cyber security incident.
  • Establish an incident response team with defined roles and responsibilities.
  • Quickly respond to and contain threats to prevent further damage.

Threat Mitigation:

  • Measures must be implemented to remediate the issue once an incident has occurred. This may involve removing malware, patching vulnerabilities and restoring affected systems.

Continuous Improvement:

  • After a security incident organisations should conduct a post-incident analysis to understand what went wrong and how to prevent similar incidents in the future.
  • Update security measures and policies based on lessons learned from past incidents.
  • Understand the what why and when – continuous controls monitoring can help you understand your tech infrastructure and where the improvements need to be made.

So why should a business focus on both mitigating risks as well as dealing with cyber threats?

Effective cyber security combines both approaches because it is utterly essential and should be a core business focus for a broad combination of reasons:

  • Protection of Data: Any business will have sensitive and confidential data, such as customer information, financial records and intellectual property. The first step is to understand where your assets are that more than likely hold valuable data and understand how to protect it from theft and unauthorised access, developing policies in line with those risks and threats.
  • Legal and Regulatory Compliance: Many industries are subject to laws and regulations related to data security and privacy. Having cyber threat and risk procedures in place helps ensure compliance with these legal requirements, reducing the risk of penalties or lawsuits. The next step on from this would be to continuously monitor your regulatory compliance to ensure that you remain compliant, thus reducing your risk.
  • Financial Impact: Cyber threats can be costly, leading to financial losses in terms of legal settlements, regulatory fines, business disruption and loss of revenue. Risk procedures help minimise the financial impact of such incidents.
  • Risk Management: Cyber threat procedures are an essential component of overall risk management. By identifying potential threats, assessing vulnerabilities, and implementing protective measures, businesses can proactively manage their cyber security risks.
  • Business Continuity: Cyber attacks can disrupt operations, affecting a company’s ability to function. Procedures help to minimise downtime, restore services and ensure business continuity in the event of an attack.
  • Incident Response: Procedures help guide how an organisation responds to a cyber incident. They outline steps to mitigate the damage, identify the source of the threat and recover from the attack more effectively.
  • Reputation Management: A cyber breach can damage a business’s reputation and erode trust with customers, partners and stakeholders. Effective procedures can mitigate these risks and demonstrate a commitment to safeguarding sensitive information.
  • Insurance Requirements: Some insurance policies may require businesses to have certain cyber threat and risk procedures in place to qualify for coverage. Having these procedures can be a prerequisite for obtaining cyber insurance. Not only that, but by implementing a continuous monitoring programme assures cyber insurers that you are taking every step necessary to mitigate the risk and reduce the threats to your organisation, therefore potentially reducing your premiums.
  • Vendor and Partner Relationships: Businesses often work with vendors and partners and they may share data or access systems. Having procedures in place can be a requirement or a selling point when establishing these relationships.
  • Employee Training and Awareness: Last and by no means least is the importance of your employees. By leading from the top and establishing procedures helps educate employees about cyber threats and the role they play in maintaining security. It encourages a culture of vigilance and security awareness within the organisation.

In summary, cyber threat and risk procedures are essential for protecting a business’s sensitive data, complying with regulations, safeguarding its reputation, ensuring business continuity and managing financial and operational risks associated with cyber threats. Proactive measures such as implementing continuous controls monitoring, can help prevent, detect and respond to cyber threats effectively, ultimately contributing to the long-term success of the business.

Would you like to find out more about how our continuous controls monitoring platform provides the holistic “single source of truth” to your Cyber risk, compliance and security posture? Find out more by clicking here





Quod Orbis becomes part of Dedagroup to fuel global growth

  London, UK. 18th June – Quod Orbis, the London-based cyber security Continuous Controls Monitoring (CCM) firm, has today announced it has been acquired by Dedagroup, one of the leading Italian IT players, to power the next phase of its global growth strategy. Dedagroup is a private independent group, based

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DORA 360 is the latest innovation from Gieom, an award-winning enterprise productivity company trusted by 100+ financial institutions across the globe.

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Deda is a renowned player in the global IT and digital services market, known for its innovative solutions and deep industry expertise. With a strong commitment to driving digital transformation, Deda leverages cutting-edge technologies to deliver customised, scalable solutions that address the unique challenges of businesses across various sectors. Their comprehensive portfolio includes software development, IT consulting, cyber security, and data analytics services, all designed to enhance operational efficiency and foster sustainable growth. Through a combination of strategic partnerships and a customer-centric approach, Deda continually empowers organisations to achieve their digital ambitions and stay ahead in an ever-evolving technological landscape.

Amazon Web Services (AWS) is a comprehensive and widely adopted cloud platform, offering over 200 fully featured services from data centers globally. AWS provides a broad set of infrastructure services, such as computing power, storage options, and networking, as well as higher-level services like artificial intelligence (AI), machine learning (ML), data analytics, and Internet of Things (IoT). AWS helps businesses scale and grow by providing the infrastructure and tools needed to innovate faster, reduce costs, and run applications with higher reliability.

PwC stands as a global leader in professional services, offering deep expertise in audit and assurance, consulting, and tax. With a presence in over 157 countries and a dedicated workforce of more than 284,000 professionals, PwC combines comprehensive industry knowledge with advanced technology to assist organisations in addressing their most complex challenges. Their risk management technology helps navigate the various phases of the risk management lifecycle so your business can stay ahead of threats.

Connecting your business to the best technology providers.  Behind Every Cloud are expert, independent trusted advisors who can help you cut through the noise and hype to quickly provide you with intelligent, market informed, fact-based vendor comparison services across a wide range of technology solutions.  Established in 2010, our unique approach and expert advice accelerates the speed and success of technology modernisation projects. We have access to a highly experienced network of vendors and are valued by our clients as an Independent Trusted Advisor.
We provide straight-talking, no-nonsense advice, to help you make the best buying decisions, and as one of the UK’s first specialist cloud adoption “referral consultancies”, we don’t charge clients for our advice.

Opentech is an IT services company, with an important history and significant experience in delivering management tools for company internal control systems (Compliance, Risk Management, Internal Auditing, etc.).

The company, established in 2003, operates in the development and distribution of software application products, with a particular focus on the Integrated Control System based on the OCEG (Open Compliance & Ethics Group) model.

Opentech is ISO 9001 and 27001 certified with extension to the 27017 and 27018 guidelines for software development, training and consultancy.

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The GO GRC 2.0 platform has been qualified by the National Cybersecurity Agency in the Italian Cloud Marketplace.

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We believe in three fundamental truths:

  • Every organisation is a potential target for cyber attacks or data breaches.
  • Continuous preparedness is essential, requiring 24/7 protection with the right tools and technology.
  • Effective recovery playbooks are crucial for swift business restoration post-breach.

At Secon, we address cyber security challenges with our holistic approach, providing tailored services such as Cyber Resilience Review, Cyber Risk Assessment, and 24/7 monitoring via our Security Operations Centre (SOC). We partner with leading security vendors to deliver top-tier solutions, including endpoint protection, network security, cloud security, and identity and access management.

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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!

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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


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


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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