Life sciences companies are becoming targets of cybercriminals at an alarming rate, with highly-regulated environments such life sciences seeing an extraordinary increase in the long-tail costs of a data breach over time, according to the 2019 Ponemon Institute study. From legal and regulatory costs to the impact of negative public relations on a business’ valuation, maintaining 360-degree protection around your life sciences organization has never been more important. While some corporations are mainly concerned with the loss of customer data or bumps in their operational readiness, life sciences entities must also be concerned with the highly valuable intellectual property and trade secrets that are maintained as part of your assets. Fortunately, there are technology solutions that can help protect against invasive data breaches and other cybersecurity incursions. Here are three key strategies used by leading cybersecurity managed services professionals at Coretelligent to reduce risk and improve cybersecurity readiness.
Comprehensive Policy Review and Updates
Are your compliance policies and procedures fully up-to-date, or are they lagging behind the times? Reviewing your current compliance policies (if you have them!) provides an audit or overview of the potential risks that are lurking within your organization. Capturing this information by authoring new policies and reviewing current recommendations may bring to light potential areas of risk that need to be quickly addressed to protect the intellectual property within your organization.
Aggressive Data Loss Prevention Strategies
Protecting intellectual property and ensuring compliance often go hand-in-hand, with proactive data loss prevention strategies also helping lay the groundwork for ongoing compliance reporting. Mimecast is a resilient cloud-based solution that handles email archives, while secure storage platform Egnyte works with a comprehensive cybersecurity solution such as Coretelligent’s CoreArmor to create a critical barrier to protect your research data and other sensitive information. Perhaps almost as important as upfront data loss prevention strategies are the advanced AI and machine learning solutions that help monitor network traffic and identify potential risks that are then communicated to technicians who are actively monitoring your activity.
User Awareness Training
With human error causing 24% of breaches and an additional 51% caused by malicious criminal attacks, user training becomes one of the most important components of your cybersecurity strategy. Users need to understand what they are looking for in terms of an attack, and how to properly create passwords, protect account access and generally avoid becoming a victim. Even a simple issue such as ensuring that you are locking your computer when you step away for a few moments can become an important aspect of your security — and this is something that needs to be reinforced with users on a regular basis to ensure that these processes become ingrained behaviors. This is particularly important when you are dealing with high-value information such as that found in the life sciences sector.
While some uncertainty equals opportunities in business, cybersecurity is an area where you need to have complete confidence in the support that you are receiving — particularly for life sciences entities. Maintaining a high degree of security and confidentiality is the foundation of your infrastructure, which is why the professionals at Coretelligent created CoreArmor, our proprietary solution for managing cybersecurity and compliance risk. With holistic, real-time protection and active monitoring, Coretelligent partners with organizations of all sizes to support a robust cybersecurity posture. Contact our team at 855-841-5888 or via email to email@example.com to schedule your free initial consultation.