A digital revolution is occurring in medicine. The amount of medical data being stored is doubling every few months. Today, pharmaceutical companies have access to an unprecedented quantity of medical data ranging from research to clinical studies to electronic patient records. In order to remain competitive, companies must be able to integrate and interpret this vast amount of data to aid in the development of cutting-edge pharmaceuticals.
Cyber Attacks:
Cyber attacks against pharmaceutical companies are costly with the average data breach costing 5 million in damages. From 2019 to 2020, the industry saw a 50% increase in cyberattacks. Black Kite Research reported that 10% of pharmaceutical companies are at high risk of ransomware attacks. In 2017, Merck & Co. was the victim of a ransomware attack which cost the company an estimated 1.4 billion in damages. Recently, wiperware attacks have become commonplace. Attacks like this destroy data rather than holding it hostage. Having your company’s data properly backed up can eliminate the risk of wiperware and ransomware attacks.
Natural Disasters:
No one can predict when a natural disaster will strike. When disasters do strike, it is crucial that your company can continue operations as seamlessly as possible. Data protection is no exception. If your company’s data is stored at a single location, they risk losing it entirely. While it is impossible to prevent a natural disaster from occurring, it is easy to protect your company’s data. Having backups stored in multiple physical locations creates redundancy, allowing your company to retrieve their lost data from another location that has not been impacted.
Compliance:
Is your company HIPAA compliant? Companies that handle clinical research and patient data are required under federal law to routinely back up their data. In addition, the data must be encrypted and the physical location where the data is stored must have 24/7 security.
Veeam:
Veeam provides organizations with scalable backup technology as well as robust data protection. Veeam encourages the use of the 3-2-1 rule: have 3 copies of the data stored; 2 different storage media; and 1 copy located off site. Veeam is able to reduce if not eliminate system downtime through its Veeam Availability Suite.
Rojan Data Protection Solutions:
Rojan’s data protection services have a proven track record. Rojan works with both small and large pharmaceutical manufacturers. Utilizing Veeam, Rojan is able to provide secure data backup solutions that can ensure HIPAA compliance and safeguard your company’s data.