CYBER RISK ASSESSMENT IN THE PHARMACEUTICAL INDUSTRY: VULNERABILITIES, THREATS, AND GLOBAL RESPONSE STRATEGIES

This paper is a synthesis of cyberattacks and remediation measures at several major pharmaceutical companies, based on publicly available data. It examines notable incidents such as ransomware attacks on Merck, spear-phishing on Pfizer, and cyber espionage targeting Moderna, highlighting the operational disruptions, data breaches, and financial impacts these companies faced. The paper also evaluates the remediation strategies implemented, including enhanced cybersecurity infrastructure, data encryption, employee training, and operational continuity plans. The findings underscore the importance of a comprehensive and proactive approach to cybersecurity in mitigating the risks and minimizing the impact of future attacks on the pharmaceutical sector.

Publication Details

Journal
RePEc: Research Papers in Economics
Published
2024-10-01
Primary Topic
Particle Detector Development and Performance
Type
article
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article

CYBER RISK ASSESSMENT IN THE PHARMACEUTICAL INDUSTRY: VULNERABILITIES, THREATS, AND GLOBAL RESPONSE STRATEGIES

RePEc: Research Papers in Economics
Particle Detector Development and Performance
article

CYBER RISK ASSESSMENT IN THE PHARMACEUTICAL INDUSTRY: VULNERABILITIES, THREATS, AND GLOBAL RESPONSE STRATEGIES

article en

Abstract

This paper is a synthesis of cyberattacks and remediation measures at several major pharmaceutical companies, based on publicly available data. It examines notable incidents such as ransomware attacks on Merck, spear-phishing on Pfizer, and cyber espionage targeting Moderna, highlighting the operational disruptions, data breaches, and financial impacts these companies faced. The paper also evaluates the remediation strategies implemented, including enhanced cybersecurity infrastructure, data encryption, employee training, and operational continuity plans. The findings underscore the importance of a comprehensive and proactive approach to cybersecurity in mitigating the risks and minimizing the impact of future attacks on the pharmaceutical sector.

RePEc: Research Papers in Economics
Industry, innovation and infrastructure
Openalex Percentile: Top 23%
Particle Detector Development and Performance
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CYBER RISK ASSESSMENT IN THE PHARMACEUTICAL INDUSTRY: VULNERABILITIES, THREATS, AND GLOBAL RESPONSE STRATEGIES · RePEc: Research Papers in Economics (2024) | TGRS Research Map | TGRS