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How do you Monitor Cyber Security Risk?

How do you Monitor your Cyber Security Risk

Cyber security risk is a growing concern for businesses of all sizes. With the increasing prevalence of cyber attacks, it is essential for organisations to have a comprehensive plan in place to monitor and mitigate potential risks. In this blog post, we will explore the various methods of monitoring cyber security risks and discuss how organisations can best protect themselves from these threats.


What is Cyber Security Risk?

Cyber security risk refers to the potential for an organisation’s data and systems to be compromised by malicious actors. This can include anything from data breaches, phishing scams, malware attacks, and more. The consequences of cyber risk can be significant, ranging from financial losses to reputational damage, legal liabilities, and even physical harm in some cases. Effective cybersecurity measures are essential to manage and mitigate cyber risk.
It is essential for organisations to understand the different types of threats they may face in order to properly prepare and protect themselves.

Why are Board’s Now Focused on Cyber Risk?

The focus of senior leaders in a business has turned toward cyber risk in recent years primarily for two key reasons:

1. Legal Obligations: many countries are now demanding laws that reflect that boards are held accountable for the protection of sensitive information and report on cyber risk. This means that boards have a legal obligation to ensure that their organization is adequately protected against cyber threats.
2. Cyber threats are increasing and evolving: This is a major concern for organisations in recent years. As technology has advanced, so have the capabilities of cyber criminals, making it easier for them to launch sophisticated cyber attacks against organisations of all sizes and types. The increasing frequency and severity of cyber attacks have made cyber risk management a critical issue for boards to address.

Why Monitor Cyber Security Risk?

Monitoring cyber security risks is essential for any organisation that stores or processes sensitive information. By proactively identifying potential threats, organisations can take steps to mitigate them before they become a problem. So, monitoring cyber risk has never been more important; businesses evolve and mature as the threat landscape does.

However, the key reasons to monitor risk are:

1. Financial Loss: Cybersecurity incidents can result in significant financial losses for businesses, including costs associated with data breach investigations, regulatory fines, legal fees, and reputational damage.
2. Intellectual Property Protection: Cybersecurity incidents can lead to the theft of valuable intellectual property, trade secrets, and other confidential information, which can result in lost revenue, lost market share, and competitive disadvantage.
3. Reputation: Cybersecurity incidents can damage a business’s reputation and erode customer trust, which can lead to a loss of revenue and market share.
4. Business Continuity: Cybersecurity incidents can disrupt business operations and result in downtime, which can impact revenue and customer satisfaction. By monitoring cyber risk, businesses can better prepare for and mitigate the impact of cybersecurity incidents, ensuring business continuity.
5. Compliance: Businesses are subject to various legal and regulatory requirements related to cybersecurity, such as the General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), and the Payment Card Industry Data Security Standard (PCI DSS). Failure to comply with these regulations can result in significant financial and legal penalties.

How To Monitor Cyber Security Risk

There are several methods that organisations can use to monitor cyber security risk:

1) Network Monitoring: Network monitoring involves using tools such as firewalls, intrusion detection systems (IDS) and antivirus software to detect malicious activity on an organisation’s network. These tools can help identify suspicious activity such as unauthorised access attempts or suspicious traffic patterns that could indicate a potential attack.
2) Vulnerability Scanning: Vulnerability scanning involves using automated tools to scan an organisation’s systems for known vulnerabilities that could be exploited by attackers. This type of scanning helps identify weaknesses in an infrastructure that could be used by attackers to gain access or launch attacks against the system.
3) Employee Training: Employee training is an important part of any cyber security program as it helps ensure that employees are aware of potential threats and know how to respond appropriately if they encounter one. Training should cover topics such as identifying phishing emails, recognising malicious links or attachments, and understanding proper password management techniques.
4) Penetration Testing: Penetration testing involves using specialised tools or techniques to attempt to gain unauthorised access to an organisation’s systems in order to identify potential vulnerabilities that could be exploited by attackers. This type of testing should only be conducted by experienced professionals who understand the risks involved with this type of testing and have the necessary skillset required for successful penetration tests.
5) Third-Party Audits: Third-party audits involve having an independent third-party review on an organisation’s system in order to identify any areas where improvements need to be made in order to better protect against potential threats. This type of audit should include both physical and digital components in order to ensure a comprehensive review has been conducted on all aspects of an organisation’s infrastructure.
6) Incident Response Plan: Having a comprehensive incident response plan in place is essential for any organisation looking to properly monitor their cyber security risk levels. An incident response plan should outline the steps that need to be taken if a breach occurs so that it can be addressed quickly and effectively with minimal disruption or damage done to the system or data stored within it.


Monitoring cyber security risk is essential for any business looking to stay safe from malicious actors online. By understanding the different methods available for monitoring these risks, organisations can better prepare themselves against potential threats while also staying compliant with industry regulations and standards such as GDPR or HIPAA.
Also, by enhancing your cyber resilience provides the focus needed on the cyber risks your enterprise has. This means that businesses can really drill down on the high-risk items first that will have the most impact on mitigating the risk.
In essence to understand and mitigate that cyber risk can ultimately only be truly visualised by implementing continuous controls monitoring for a real-time, single source of truth. To find out more about CCM, take a look at our platform here.


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Liam Flavin

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Ian Waggott

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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 Tonge

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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

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Mark Hudson

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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

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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 Martin

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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

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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.

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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

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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.

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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

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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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