Stakes are increasingly high in the pharmaceutical industry, but the key challenges aren’t necessarily coming from competitors. Instead, cybersecurity issues are the overreaching concern for pharma executives. The complexity of the data integrations between pharmaceutical industries, their vendors and partners have caused significant concerns in recent years, especially after recent incursions such as phishing campaigns more than doubling in the past year. Businesses are required to fend off an average of 71 attacks per year, meaning it’s only a matter of time before your organization falls prey to a cyberattack. With the rise of connected devices and the high value of intellectual property on the dark web, there’s more reason than ever for hackers to target vulnerable pharmaceutical businesses. As if cyberattacks are not enough, compliance issues continue to be a significant expense to pharmaceutical firms. Are you prepared to handle the onslaught of targeted compliance and security difficulties facing your business?
Pharmaceutical Industry Regulations Continue to Increase
Manipulation of information technology and operations systems is causing an avalanche of problems for the pharmaceutical industry, many of which are resulting in ongoing regulations and compliance requirements. Data integrity and security are of the utmost importance, especially as states begin the arduous process of legislating data security for all Americans. HIPAA privacy policies are well-understood by most organizations, but the addition of the new Internet of Things (IoT) and other connected devices can cause unexpected risks to enter the organization.
Putting Appropriate Defense Measures in Place
The growth of cyberattacks that are initiated from within the organization is a chilling prospect for technology leaders in the pharmaceutical industry. This trend requires not only the introduction of advanced technology security solutions but ongoing training for staff members on how to avoid becoming the victim of an attack. Companies may need to fundamentally change the way they do business in order to limit their risk factors as hackers see the extreme gains that they can recognize from their illicit activities. They target the wealth of IP, personal health details and other account-based information stored within a pharmaceutical business and sell that information on the black market. It’s no longer enough to have a single line of defense — organizations must also create strict processes and maintain high standards to keep their business safe.
At Coretelligent, our experts specialize in providing high-quality support that pharmaceutical firms demand. Our team has invested the time to understand the challenges facing the pharmaceutical industry today fully, and our technology solutions are tailored to provide the insight and protection that your business needs. Contact us today at 855-841-5888 or fill out our quick online form for a free initial consultation to see how we can leverage our industry knowledge to provide you with the most stringent security and compliance support. Our White Glove support provides you the peace of mind you need to focus on growing your business while our team handles your infrastructure, compliance and cybersecurity.