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.
Companies globally could incur $5.2 trillion in additional costs and lost revenue over the next five years due to cyberattacks, as dependency on complex internet-enabled business models outpaces the ability to introduce adequate safeguards that protect critical assets.
Protecting sensitive customer data is a huge priority for today’s organizations, which face intensifying regulatory and compliance pressures and unwavering customer expectations. A single data breach can take a tremendous toll on customer loyalty; 70 percent of consumers report they would cease doing business with an organization in the event it experienced one.
When most people think of commercial aviation and security, they likely conjure up images of long lines of people shuffling along with their shoes off, plastic bins in hand. But lately a different kind of security has been making headlines when it comes to airlines.
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.
Applying security technology to business continuity and operational efficiency was a major theme for 2018, and will be especially important in 2019. As technology is an integral part of business operations - and with cybersecurity risks at an all-time high - many organizations are utilizing their security platforms beyond traditional applications to improve operations and increase efficiency.
The advent of electronic access control and identity management has made it easier and more convenient for organizations to deploy security solutions at the entry of facilities. But, has it actually made the facilities more secure?
Criminal cyber activity evolves at an incredible pace. Today’s cybercriminals are constantly on the lookout for security gaps that will give them access to your facilities or a wide range of important, private and sensitive information. In our increasingly interconnected world, the potential avenues of exploitation seem greater than ever.
The cyber threats facing Industrial Control Systems (ICS) include nation-state attacks, hacktivists, criminals and even trusted insiders. The frequency and ferocity of attacks are growing and continue to pose a major challenge to those ICS practitioners and cybersecurity teams tasked with protecting our critical national infrastructure (CNI).
In 2017, the financial impact of cyberattacks reached $5 billion and the monthly attack rate was 10-times the rate of attacks in 2016. The industrial and personal reliance on the U.S. power grid makes the impact of a successful attack troubling.
