Survey reveals high level of pharmaceutical data lost

Crown Records Management survey of IT decision makers reveals shocking results

Ann Sellar, Business Development Manager at Crown Records Management

The extent of data breaches in the pharmaceutical sector has been unravelled by a survey that reveals 60% have lost important data and almost one quarter have been hacked.

The Crown Records Management/Censuswide survey of IT decision makers at UK companies with more than 200 employees revealed some shocking results as companies battle to keep information safe.

Data breaches are already big news following a cyber attack on Carphone Warehouse that put the personal information of up to 2.4m customers at risk, while the Ashley Madison infidelity dating website made front page headlines when subscriber data was stolen and then published by hackers. Now those working in the pharmaceutical sector have admitted they too have suffered breaches.

The Crown Records Management Survey revealed

  • 60% of IT decision makers in the pharmaceutical sector said their company had lost important data
  • 12% had done so between seven and nine times, and 8% between 13 and 15 times
  • 24% reported their company had suffered a hack
  • 40% knew someone whose computer had been hacked.

Ann Sellar, Business Development Manager at Crown Records Management, a global information management expert, said: ‘These survey results should be a wake up call for UK businesses, and especially those in the pharmaceutical sector, because the importance of protecting customer data is higher than ever. Not only because of potential fines for data breaches (which will soon increase when the EU General Data Protection Regulation is ratified) but also because of growing public awareness.’

‘It takes 20 years to build a reputation but just 5 minutes to ruin it with a data breach … and then up to 2 years to rebuild it. So businesses need to look at the way they protect their information, understand where the threats are and start putting robust processes in place to protect their customers. If they don’t, I can only see the number of data breaches increasing in the next few years,’ she added.

Ann concluded: ‘Overall, the figures are worrying but not surprising. Although hacking is big news, we estimate that 80% of data breaches come from human error. However, all businesses need to ensure that they are doing everything they can to reduce this risk through staff training, robust procedures and working with approved, specialist suppliers to give them the best chance of protecting their data.’