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The Top 6 Benefits of Continuous Controls Monitoring

 

The Top 6 Benefits of Continuous Controls Monitoring

A cacophony of complications has meant that businesses are struggling to implement a security plan that offers the assurance they need that defenses can prevent cyber-attacks

Increased regulation, higher customer expectations, investment in emerging technology and expanded risk management have placed potentially detrimental pressure on budgets. Coupled with that is the need to be agile in an approach because of the evolving workforce and increasing sophistication of cyber-criminal has meant new challenges that need to be overcome.

Acceleration in digital transformation and a wider attack surface has provided CISO’s with a headache in terms of managing and securing a business primarily, as a result of these key areas:

1. Increase of Board oversight

Boards are now being held accountable for the security of their business due to an increase of regulatory compliance, meaning they need to understand their total security posture. In one aspect this is positive, but how CISO’s mitigate cyber risk is critical to get the Board support for further investment. Static reports with no context are not good enough to help support any evidence they may need to substantiate understanding.

2. CISO’s need to maximise current investments

CISOs now have c.25 different tools in their armoury and how they maximise the ROI of these is key to increasing the productivity of their teams. Ensuring they extract maximum value from each to close any potential gaps is key to keeping control of budgets and resource requirements while staying secure.

3. Lack of resource
There’s been so much written recently regarding the skills gap and the great resignation which is further exacerbating the issues of a disparate approach. Managing your team’s workload and supporting their wellbeing is key to retaining staff. Especially in Cyber where new jobs offers tempting skilled people is always a big risk.

4. Increase of compliance and regulations

Enterprise organisations not only need to adhere to internal audits but also external compliance as well. Plus, commonly, firms now also do threat modelling such as MITRE. This means managing all of these compliance and regulations are adding significant burdens to already stretched teams.

So, what is the answer to meet these challenges?

Emerging into the forefront in business is Continuous Controls Monitoring (CCM).

CCM offers you a real time view of how your Cyber and Risk eco-system is performing. It’s not another security tool but a platform that pulls your environment together offering you the assurance you need for how you are adhering to your own cyber strategy and industry compliance regulations.

CCM transforms a business’s security posture from sample-based testing to full automated Continuous Controls Monitoring. This is resulting in business operational superiority and increased productivity of your teams feeing them up to focus on other critical work.

So top line what does continuous controls monitoring provide you?

Assurance: Continuous, real-time visibility of control state, security posture and technology performance

Automation: Automated evidence collection and remediation

Risk/Compliance Visibility: Enables continuous compliance and cyber risk management

Maturity: Provides fact-based view to enhance cyber resilience

Single Source of Truth: One platform – one single source of truth for all your teams and MI

Exploring these top line benefits in more detail, the 6 key benefits of Continuous Controls Monitoring are:

  1. Assurance through enhanced Accuracy – Your security and risk posture in real time CCM is your single source of truth, monitoring your controls and reporting in real time that your environment is secure and compliant. This means that we are also report the accuracy of your compliance consistently and provides accurate information for your Risk and Audit teams removing any manual processes which currently exist which can waste lots of your teams’ time.
  2. Automation increases productivity for your teams By gathering data direct from your technologies CCM is fully automated, allowing your controls to be tested continuously. This provides compliance professionals total assurance that any issues can be caught before they develop into real problems. Not only that, CCM frees up time for compliance and audit professionals to focus on higher-value tasks such as modernization of their policies and control structure.
  3. Automation improves your IT Operational Efficiency When you eliminate the need to monitor multiple platforms that are ensuring your security and monitoring your risk, you eliminate inefficiency. No longer do you need multiple members of your team visually watching whether you are remaining compliant or that you are in no danger of being breached, CCM provides that service for you and will create custom reports from board level to operational level. This not only reduces alert fatigue within your teams but allows you to become more efficient in your IT operations
  4. Maturity – Providing Cyber Risk Quantification By gathering quantitative data from your tools, you are much better placed to manage cyber risk. You can not only present this information to the board as they need it but you know where any gaps might exist and so where your next investments should be made. Without CCM you need to reply on point in time sample data, this is just not sufficient anymore and restricts your plans while using up time you that can be best used elsewhere.
  5. Risk and Compliance Visibility because of continuous compliance An old Cyber saying goes, just because you’re compliant does not mean you are secure. Regulations are written in broad terms and not always specific to your organization. Demonstrating compliancy is a time-consuming process that doesn’t always help keep you secure. Continuous Controls Monitoring provides the assurance you need that your business is continuously compliant. By monitoring all your platforms, CCM provides the real time information that you need to have a clear, single source of truth on your compliance status.
  6. Visibility- your single source of truth creates 75% saving on your ROI in the first year
    Implementing continuous automation ascertaining your cyber, risk and compliance posture is typically saving a medium/large FTSE 500 organisation with high compliance demands around 75% in the first year. So as budgets are tightened and boards are analysing expenditure, to be able to demonstrate this level of ROI as well as being able to demonstrate total visibility of your business’ risks, compliance and cyber status, is imperative.

Want to find out more about the ROI? Read our blog https://www.quodorbis.com/new-analysis-maps-out-75-annual-cost-savings-value-and-roi-of-continuous-controls-monitoring-approach-to-audits-and-compliance-2/

We’re only touching on the top 6 benefits of CCM here, there are multiple advantages that continuous controls monitoring can provide but one thing is for sure – with an advancement in technology, and the increasing sophistication of cyber criminals, can your business afford to continue to monitor your security controls with legacy procedures?

Worth an investigation and fancay a chat? Contact us for more information.

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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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Liam Flavin

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Ekaterina Kuzevanova

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Mohamed Mohamud

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Juan Morales

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Luke Bakare

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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

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

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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.

Alice Walker

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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

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

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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

Sales 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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