Threat Intelligence for Pharmaceutical & Healthcare Security
In the past two years, 91 percent of pharmaceutical and healthcare organizations have experienced at least one data breach, 39 percent have had two to five breaches, and 40 percent have had more than five breaches. A 2015 study by the Ponemon Institute estimated that the average cost of a data breach to an individual healthcare organization is more than $2.1 million, and more than $6 billion to the industry as a whole. Criminal attacks are now the leading cause of data breaches.
Rapid changes in healthcare regulations, complex relationships with industry and activist groups, and the growing need to protect intellectual property have put a tremendous burden on healthcare security teams. In addition, many pharmaceutical and healthcare organizations do not have the resources or expertise to adequately protect themselves and their patients from data breaches and cyber or physical risks.
Escalating Cyber Threats
Whether your organization is dealing with a patient information data breach, medical device hack, or protests at clinics or offices, these healthcare security incidents put your company at risk and jeopardize your brand equity, business continuity, and patient and employee safety.
The pharmaceutical and healthcare industry must be especially cognizant of third-party vendor risk, unauthorized data access/exposure of trade secrets and sensitive information by employees, stolen or lost computing devices, and malware attacks. Many threat actors are seeking Protected Health Information (PHI) and medical records, which are treasure troves of valuable information that can be sold on the black market for many times the price of stolen credit card data.
Other healthcare security risks the industry faces are the exposure of doctor and patient personally identifiable information (PII) via leaked dosage and distribution lists, patient’s medical identity theft, and potentially expired, diluted, or counterfeit products. A single online posting, whether accidental or on purpose, can jeopardize patients, patents, or vital drug trial results.
Additionally, organizations need remain aware of, and compliant with, important industry regulations such as the Health Insurance Portability and Accountability Act (HIPPA) and the HITECH Act breach notification rule.
How Cyveillance Helps
Pharmaceutical and healthcare companies rely on Cyveillance’s services to proactively protect their reputations, revenues, and customer trust. Through ongoing, comprehensive Internet monitoring, Cyveillance helps such organizations identify and eliminate risks of data breaches, network attacks, employee negligence, and third-party vendors.
Here are a few examples of how threat intelligence can be applied to healthcare security:
- Mitigating the dangerous problem of uncontrolled product distribution through unauthorized and fraudulent online pharmacies, saving tens of millions of dollars and protecting the safety of customers for a Fortune 100 pharmaceutical lab
- Finding and removing patient records leaked by disgruntled employees or third-party vendors
- Investigating potential risks to a hospital’s Chief Medical Officer and other key personnel after threats to their physical security on social media from activist groups
- Protect your employees and facilities from physical threats with Executive Protection and Corporate Security
- Control counterfeit and gray market distribution of controlled substances to manage liabilities and protect your revenues with Information Security
- Educate employees on cyber threats and device security with Cyber Safety Awareness Training
Contact us for more information on Cyveillance Solutions for your business.