Rapid increase in the rate of attacks on biotech

BlueVoyant Blogs | IEMLabs

According to a report published by BlueVoyant, attacks on the biotech and pharmaceutical industry have increased by 50% between 2019 and 2020. The report highlighted that nation-states are ramping up cyber attacks on companies that are developing vaccines, and this is likely to increase as production and distribution gets underway.

One of the major threats in 2020 is that the cyber criminals are aiming to steal COVID-19 vaccine research data. On the basis of analysis, researchers specified ransomware attacks have been the top threat in 2020 and the eight well-known prominent companies who are in a race for making the COVID-19 vaccine (the crown jewel of 2020) are at a high risk to these ransomware attacks.

On the basis of publicly recorded attacks, it is also pointed out by researchers that pharmaceutical giants and biotech companies are under daily attacks which include brute force, phishing attempts, and targeting of vulnerable web applications. BlueVoyant stated since the Pharmaceutical companies handle large amounts of patient and healthcare data, these companies have become a prime target for ransomware gangs looking to compromise, steal and exploit information amid the current pandemic situation.

As a preventive measure, these pharma giants and biotech firms must guarantee confidentiality, integrity, and availability in their research, development, manufacturing, and data management activities as they race against the clock to deliver life-saving breakthroughs in this COVID-19 pandemic.

By Hrithik Lall

IEMLabs is an ISO 27001:2013 and ISO 9001:2015 certified company, we are also a proud member of EC Council, NASSCOM, Data Security Council of India (DSCI), Indian Chamber of Commerce (ICC), U.S. Chamber of Commerce, and Confederation of Indian Industry (CII). The company was established in 2016 with a vision in mind to provide Cyber Security to the digital world and make them Hack Proof. The question is why are we suddenly talking about Cyber Security and all this stuff? With the development of technology, more and more companies are shifting their business to Digital World which is resulting in the increase in Cyber Crimes.

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