A new report on data risk in healthcare, pharmaceuticals and biotech has found that many organisations have serious security gaps exposing them to risks.
The report, by data security and analytics firm Varonis, includes data from global healthcare organisations in the UK, US, France and Germany, compiled using data analysis of three billion files across 57 organisations.
It revealed that overexposed data and an increased number of highly sophisticated cyber- attacks have made healthcare one of the most at-risk sectors in 2021.
It also highlights the importance of how organisations manage the security gaps created by remote working and cloud migration. When companies have obvious gaps like passwords that never expire and folders containing sensitive data open to every employee, their risks increase.
Key findings from the report include:
- Two-thirds of healthcare organisations have over 500 passwords that never expire
- On average, 79 per cent of all data is stale
- Nearly 20 per cent of files are open to every employee in healthcare organisations (on average)
- 31,000 sensitive files (HIPAA + financial + proprietary research) are open to everyone
- Over 50 per cent of organisations have more than 1,000 sensitive files open to every employee
Smaller organisations had a concerning amount of exposed data, including sensitive files, intellectual property and patient records. On their first day, new employees at small companies have instant access to over 11,000 exposed files, and nearly half of these contain sensitive data
This creates a massive attack surface and increases the risk of noncompliance in the event of a data breach; the average data breach cost $7.13 million in 2020, a 10.5 per cent increase on the year before.
To tackle increasingly malicious cyberattacks, the report concludes that hospitals, pharmaceutical companies, and biotech firms need to double down on their incident response procedures and mitigation efforts. Restricting access, locking down sensitive data, and restricting lateral movement in their environments are the bare minimum measures they must take to protect their data.