IDC Life Sciences and Ponemon Research Highlights Need for New Security Measures
The Healthcare and Life Sciences industry has demonstrated its ability to take advantage of data to fuel research, explore new ways to cure life threatening diseases, and save lives. With the adoption of technology innovation especially in the mobile technology segment, this industry will need to find a balance between investments and risk.
ModernMedicine.com published an article in May, 2014 stating how analysts worry that a wide-scale security breach could occur in healthcare and pharmaceuticals industry this year. The piece calls out that this industry category ranked the lowest in an S&P500 cyber health study because of its high volume of incidents and slow response rates.
In the Ponemon Institute’s research, The State of Data Centric Security, respondents from the Healthcare and Life Sciences stated the data they considered most at risk was customer, consumer and patient record data. Intellectual Property, Business Intelligence and Classified Data responses ranked a close second.
In an Informatica webinar with Alan Louie, Research Analyst from IDC Health Insights (@IDCPharmaGuru), we discussed his research on ‘Changing Times in the Life Sciences – Enabled and Empowered by Tech Innovation’. The megatrends of cloud, mobile, social networks and Big Data analytics are all moving in a positive direction with various phases of adoption. Mobile technologies tops the list of IT priorities – likely because of the productivity gains that can be achieved by mobile devices and applications. Security/Risk Management technologies listed as the second-highest priority.
When we asked Security Professionals in Life Sciences in the Ponemon Survey, ‘What keeps you up at night?’, the top answer was ‘migrating to new mobile platforms’. The reason I call this factoid out is that all other industry categories ranked ‘not knowing where sensitive data resides’ as the biggest concern. Why is Life Sciences different from other industries?
One reason could be the intense scrutiny over Intellectual Property protection and HIPPA compliance has already shone a light on where sensitive data reside. Mobile makes it difficult to track and contain a potential breach given that cell phones are the number 1 item left behind in taxi cabs.
With the threat of a major breach on the horizon, and the push to leverage technology such as mobile and cloud, it is evident that the investments in security and risk management need to focus on the data itself – rather than tie it to a specific technology or platform.
Enter Data-Centric Security. The call to action is to consider applying a new approach to the information security paradigm that emphasizes the security of the data itself rather than the security of networks or applications. Informatica recently published an eBook ‘Data-Centric Security eBook New Imperatives for a New Age of Data’. Download it, read it. In an industry with so much at stake, we highlight the need for new security measures such as these. Do you agree?
I encourage your comments and open the dialogue!