The WannaCry ransomware attack that successfully targeted Merck is not the only cyberattack to which the pharmaceutical industry has fallen victim. As pharmaceutical and biotechnology companies move toward greater digitalization and the storage of more valuable data, their digital security practices become more and more critical.
Ninety-six percent of U.S. business decision-makers surveyed by Tanium say that making technology resilient to business disruptions is important to their organization, but major barriers remain, with clear challenges between internal organizational structures and access to the right skills and technology.
Fifty-six percent of organizations experienced a data breach involving more than 1,000 records over the past two years, and of those, 37 percent occurred two to three times and 39 percent were global in scope, according to Experian.
Eighty-four percent of CISOs in North America believe cybersecurity breaches are inevitable, and a lack of influence in the boardroom is making it difficult to justify the necessary cybersecurity budgets.
When it comes to cybersecurity, no doubt humans are the weakest link. No matter how many layers are added to your security stack, nor how much phishing education and awareness training you do, threat actors continue to develop more sophisticated ways to exploit the human vulnerabilities with socially engineered attacks. In fact, as security defenses keep improving, hackers are compelled to develop more clever and convincing ways to exploit the human attack surface to gain access to sensitive assets.
In the last few years, executives overseeing energy, utility and other industrial organizations have begun to worry about the threat of cyberattacks on our nation’s most critical infrastructures. Ten years ago, their main concerns were focused on safety or environmental risks. Back then, operators believed the virtual barricades, or air gaps, between networks and technologies were sufficient enough to defend against malware and cyberattacks.
Technology has advanced at an astonishing rate in the last decade, and the pace is only set to accelerate. Capabilities that seemed impossible only a short time ago will develop extremely quickly, aiding those who see them coming and hindering those who don’t. Developments in smart technology will create new possibilities for organizations of all kinds – but they will also create opportunities for attackers and adversaries by reducing the effectiveness of existing controls. Previously well-protected information will become vulnerable.