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The Science of Security

Life sciences executives must monitor and protect their businesses from pervasive threats as new risks open up in operational technology environments and supply chains. Whether halting production, having an impact on brand, or incurring data loss that results in regulatory fines, security breaches affect life sciences organizations’ profits and sales.Visit https://accntu.re/2Wjw9Zi to learn more.

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The Science of Security

  2. 2. of life sciences executives said that “cyberattacks are a bit of a black box, we do not quite know how or when they will affect our organization.” SECURITY IS NOT A ONE-TIME EVENT Monitor and protect against new risks Copyright © 2019 Accenture Security. All rights reserved. 2 Delivering value through better patient outcomes is hampered by: • Digital dependence opening up new security risks • Insufficient collaboration and data sharing • The evolving nature of cyberattacks 74%
  3. 3. 3Copyright © 2019 Accenture Security. All rights reserved. M&A ADDS TO SECURITY COMPLEXITIES Defending legacy systems is expensive Security breaches affect profits and sales—and even reputation. They can: • Halt production • Negatively impact brand, reputation or trust • Incur data loss Average cost of cybercrime for an organization in 2018 (cross-industry) $13M Source: Ninth annual cost of cybercrime study, Accenture 2019
  4. 4. Copyright © 2019 Accenture Security. All rights reserved. 4 THREE AREAS CAN POSITIVELY IMPACT LIFE SCIENCES’ CYBER RESILIENCE: Be brilliant at—and evolve—the basics Drive business-enabled security Protect beyond your four walls
  5. 5. Copyright © 2019 Accenture Security. All rights reserved. 5 • Be business-minded as well as tech-savvy • Have a seat at the boardroom table • Secure digital trust The scope of CISOs’ role is evolving. They need to: DRIVE BUSINESS-ENABLED SECURITY of life sciences executives say their cybersecurity budgets rest with the CEO or Executive Committee 34%
  6. 6. Copyright © 2019 Accenture Security. All rights reserved. 6 • Focus security efforts on building new capabilities and operating models • Take into account the entire ecosystem (e.g. partners) • Embed security into digital modernization programs across the enterprise Digitalization increases risk. Life sciences companies need to: PROTECT BEYOND YOUR FOUR WALLS of life sciences executives agree that, to be truly resilient, they must rethink their approach to security in a way that defends their ecosystems 87% Source: Ninth annual cost of cybercrime study, Accenture 2019
  7. 7. Copyright © 2019 Accenture Security. All rights reserved. 7 BE BRILLIANT AT—AND EVOLVE—THE BASICS • A need to improve on the “basics” to counter cyber threats • Insufficient high-performing capabilities • Changes in what constitutes the basics Investment in cybersecurity is increasing, but cyber resilience is being hampered by: of life sciences executives identify security monitoring as most needed in their organizations to fill gaps in their cybersecurity programs and… 50% …said network security is needed 48%
  8. 8. Establish a robust recovery plan Actively plan for disaster and be brilliant at the basics. Embed operational resiliency Practice the recovery plan and pressure test resilience. Protect the value chain Focus security efforts and prioritize your response. Evolve the role of the CISO Transform the role to meet the needs of the intelligent enterprise. Adopt a data-driven approach using breakthrough technologies Use intelligence and analytics to drive cyber resilience. ACT NOW Ways to achieve Cyber Resilience Copyright © 2019 Accenture Security. All rights reserved. 8
  9. 9. Copyright © 2019 Accenture Security. All rights reserved. 9 SURVEY CONDUCTED February 2018 RESPONDENT TITLES Chief Information Officer Chief Security Officer Chief Compliance Officer Chief Risk Officer Chief Security Architect Corporate Security Officer 11COUNTRIES Australia Brazil Canada France Germany Ireland Japan Netherlands Norway United Kingdom United States 200Life sciences respondents ABOUT THE RESEARCH companies with revenues up to US$10B 159
  10. 10. READ THE FULL REPORT: accenture.com/lifesciences-security Stay Connected @AccentureLifSci @AccentureConslt /showcase/accenture_life_sciences /showcase/accentureconsulting accenture.com/lifesciencesblog
  11. 11. About Accenture Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions—underpinned by the world’s largest delivery network—Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 477,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com. About Accenture Life Sciences Accenture’s Life Sciences group is committed to helping our clients make a meaningful impact on patients’ lives by combining new science with leading edge technology to revolutionize how medical treatments are discovered, developed and delivered to people around the world. We provide end-to-end business services as well as individual strategy, consulting, digital, technology and operations projects around the globe in all strategic and functional areas—with a strong focus on R&D, Sales & Marketing, Patient Services and the Supply Chain. We have decades of experiences working with the world’s most successful companies to innovate and improve their performance across the entire Life Sciences value chain. Accenture’s Life Sciences group connects more than 15,000 skilled professionals in over 50 countries who are personally committed to helping our clients achieve their business objectives and deliver better health and economic outcomes. Copyright © 2019 Accenture. All rights reserved. Accenture, its logo, and New Applied Now are trademarks of Accenture. Notes Unless otherwise stated, the statistics in this point of view represent life sciences respondents in the survey report “Gaining ground on the attacker: 2018 State of Cyber Resilience,” Accenture.