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Why Continuous Controls Monitoring should be considered in 2024 Enterprise Businesses Budgets

Continuous Controls Monitoring (CCM) is a crucial component of a comprehensive risk management and compliance strategy for businesses. So, when people consider their 2024 financial budgets, how can CISO’s and senior security leadership teams present a compelling argument to obtain the investment they need to implement CCM?

Draw out the key business benefits of CCM.

Operational benefits are often spoken about in articles that talk about CCM. However, Boards are less concerned about operational issues that need addressing but rather what overall business benefits can be extracted when you implement continuous controls monitoring. This my sound harsh but is true; rather than speaking of how a security risk or compliance team will become more efficient, play to the Boards key concerns that will focus on overall business performance.

What are the business benefits of Continuous Controls Monitoring?

Adding CCM into financial budgets for 2024 can provide several benefits and is important for the following reasons:

Risk Mitigation: CCM helps identify control weaknesses and compliance violations in real-time, enabling organisations to take corrective actions promptly. This reduces the risk of fraud, errors and non-compliance with regulations, protecting the organisations’ reputation and financial stability.

Compliance: Many industries are subject to strict regulatory requirements, such as SOX, HIPAA, GDPR and others. Implementing CCM helps organisations maintain compliance with these regulations by regularly monitoring controls and ensuring they are operating as intended.

Operational Efficiency: Effective controls can streamline operations and reduce the risk of errors or inefficiencies. By allocating resources to CCM an organisation can optimise its processes and reduce operational costs in a matter of days not weeks.

Real-time Visibility: CCM provides real-time visibility into an organisations’ security posture and operational effectiveness. This timely information allows decision-makers to respond quickly to emerging threats and challenges.

Data Security: In today’s digital age data breaches and cyber threats are constant risks. CCM can help organisations monitor and protect sensitive data, ensuring that security controls are functioning as intended.

Audits: CCM can simplify and expedite audits and inspections as it provides evidence that controls are consistently in place and effective. This can reduce the cost and disruption associated with external audits.

Legal and Ethical Obligations: Organisations have a legal and ethical responsibility to safeguard their assets, protect sensitive information, and operate with integrity. CCM is a means to fulfill these obligations.

Business Continuity: CCM can contribute to business continuity by identifying potential disruptions or vulnerabilities in critical systems or processes. By addressing these issues proactively organisations can reduce the risk of downtime and maintain operational continuity.

Customer and Investor Confidence: CCM can boost customer and investor confidence by showing that the organisation takes risk management and compliance seriously, thereby enhancing trust in the business.

 

In summary, Continuous Controls Monitoring offers a range of significant business benefits, including risk reduction, cost savings, increased efficiency, compliance assurance and improved decision-making.

It’s a valuable tool for organisations looking to enhance their control environment and overall operational performance.

If you’d like to find out more about CCM please click here.

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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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Rutvik Belapurkar

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Harman Singh Malhotra

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Jason Wilkes

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Annie Greenfield

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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

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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