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 digitalization, 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.

Business Risk

Why Industry is a target for cybercrime

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.

Technical Threats

How Industry Is Targeted

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.

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

Experts Tips

Top tips for securing Pharma Domain

Layer your defenses, Educate your staff, Keep it updated.

Think before you click, Make backups. The right kind of backups.

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