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How Medical and Biopharmaceutical Organizations Can Enhance Their Security Operations

Digital technology has transformed businesses in every industry, creating new efficiencies that have boosted productivity like never before.

Unfortunately, what’s good for business extends to the business of cybercrime.

Technological advancements and modernisation have enabled cyberthreats to become stealthier and more sophisticated than many people realise. To make matters worse, bad actors have become more strategic. Increasingly, they choose their victims wisely, often taking advantage of firms and organisations at their most vulnerable moments.

For companies involved in every aspect of healthcare – including biopharmaceutical and medical device companies – this has been especially true over the course of the past year, as malicious hackers have taken advantage of the attention and uncertainty surrounding the Covid-19 pandemic to successfully pull off some of the year’s most notable breaches.

By last April, in fact, Microsoft confirmed that hackers had already launched coronavirus-themed cyberattacks in every country in the world.

Whether it’s to steal intellectual property, disrupt operations or another motive altogether, bad actors are in abundance, so medical device and pharmaceutical manufacturers need to protect themselves. Especially now as companies adapt to new work requirements and more employees work remotely. But what approach can they take?

Elevate Security Operations to Limit the Likelihood and Impact of Attacks

Companies today understand the importance of cybersecurity. That’s why the cybersecurity tools industry is projected to reach $270 billion by 2026. Nonetheless, tools alone have proven to be insufficient as breaches keep increasing year after year.

Rather than using tools in a vacuum, however, organisations should pivot to a security operations approach that also includes skilled security experts to help operate and manage these tools, along with established processes founded in cybersecurity best practices. Only when these elements are combined together do you get unmatched insight and broad visibility into every aspect of your company’s data and devices.  

Get Detailed Insight from our New Guide

Arctic Wolf is pleased to offer a new guide to help healthcare leaders learn more about security operations and how it can benefit your team’s cybersecurity efforts. In Five Ways Security Operations is Ending Cyber Risk for Medical and Biopharmaceutical Organisations, you’ll discover the major challenges facing the healthcare industry and gain insight into how a security operations approach overcomes them, even as these challenges and risks continue to evolve.

The guide goes into great detail on the following topics, while offering solutions to the challenges they bring:

1.    The ever-expanding attack surface made even more complex by the move to remote work

2.    The industry’s obsession with tools, which are sunk-cost investments without the right experts to implement and manage their use

3.    A lack of industry expertise, which means many companies can rarely afford to recruit, hire and retain the staff they need

4.    Gaps in security training/awareness, which bad actors leverage to take advantage of unsuspecting employees

5.    Increasingly sophisticated attacks that require the latest threat intelligence and the knowledge and expertise of a top-notch security workforce

These are especially challenging times for medical companies to secure themselves from growing cyberthreats. Get better protected. Read Five Ways Security Operations is Ending Cyber Risk for Medical and Biopharmaceutical Organisations today.

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