Best Pharma Security Audit Service

Why Cybersecurity needs to be a priority for the Pharma Sector ?

In the last ten years, we’ve witnessed a dramatic rise in the number of novel disease outbreaks globally. Leading pharmaceutical companies have been working rigorously to develop newer drugs to effectively counter these threats. The relentless pressure to innovate and produce medicines has pushed major drug companies to embrace digital technology. And as the pharma industry moves towards complete digitalisation, the shadow of cyber threats now looms larger than ever. This is evident from the startling levels of sophistication in cybercrimes this millennium has seen already.

Pharmaceutical companies need to be vigilant and proactive to prevent the security breaches caused by external as well as internal actors. A failure to keep data security measures updated can prove disastrous for drug companies in several ways. The issues that can stem from weak or incoherent cyber protection include:

  • Patients Data Leaks
  • Pharmacovigilance Audit Issues
  • Data Compromise by Employees
  • Problem with Internet of Things
  • Chemical Terrorism

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Why Industry is a target for cybercrime (Business Risks)‎

Pharma companies were effectively entrusted with ending the pandemic, making them an attractive target for hackers who wanted to steal trade secrets. This created a perfect storm for cybercrime, giving hackers both the means and the motivation to step up their criminal activities. It was just the latest iteration of a problem that has been intensifying over the last ten years. And it highlighted the critical importance of cybersecurity, particularly where public health is at stake.

‎Cybersecurity in Pharma is a priority.

If delayed can ‎become a liability.

How Industry is targeted (Technical Threats)‎

Bigger Attack Surface

The pharma industry’s increased focus on new technologies is helping organizations be more innovative, but it also increases their risk and expands their attack surface. The Internet of Things (IoT) enables pharma firms to improve access to patient data and documents, monitor industry trends, and manage devices. However, the IoT’s mass of connected devices increases the attack surface and presents new privacy challenges that offer more opportunities for hackers to exploit vulnerabilities in organizations’ systems.

Cloud Migrations

Pharma organizations are increasingly looking to move to the cloud to embrace the IoT and IIoT revolution. This growing reliance on cloud technologies, from hybrid to multi-cloud environments, further extends the touchpoints that companies need to secure, which increases the risk of a data breach.

Endpoint Proliferation

The growing number of endpoints increases the risk of devices being insecure and presenting vulnerabilities to hackers.

Gap in Cyber Skills

The pharma industry’s need for security is hindered by the ongoing global shortage of cybersecurity professionals. Securing new technologies, like IoT and IIoT devices, requires expert security staff, who are not only very expensive but also in high demand. Failing to source employees with the necessary skills to protect systems leaves organizations vulnerable to increasingly sophisticated cyberattacks.

Others

Industrial IoT (IIoT) also poses opportunities and risks to pharma companies, as it enables faster production, optimal processes, and energy efficiencies but further expands the attack surface and introduces new security threats.

The‎ challenges Industry is facing:

  • ‎ Harnessing Advanced Health Technology
  • Information and Integrated Health Services
  • Cybersecurity
  • Rising Healthcare Costs
  • Payment Processing and Invoicing
  • Pressure on Pharmaceutical Prices
  • Healthcare Regulatory Changes
  • Healthcare Staffing Shortages
  • External Market Disruption
  • The Opioid Crisis

How Cybersecurity can help against Cybercrimes ?

Layer your defenses

Educate your staff

Keep it updated

Think before you click

Make backups. The right kind of backups.

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