Life sciences: cybersecurity program & compliance
Challenge:
This biopharmaceuticals organization was going through a rapid growth period and as the company grew, it did not have an Information and Cybersecurity Program to meet the demands of its business. Additionally, as their business grew, so did their compliance requirements with the Federal Government.
While they had the a few procedures and a couple of technical solutions in place, they did not have a robust and compliant Cybersecurity Program. The client needed to achieve the following goals and objectives:
- Identify and comply with the appropriate compliance frameworks
- Develop and implement a comprehensive cyber security strategy for the enterprise
- Implement scalable technical solutions to protect identified the organization
Solution:
We worked with the organization to develop a new Cybersecurity Program and comply with the Federal Information Security Management Act (FISMA), including the following activities:
- Conducted a security assessment
- Established a cyber security strategy
- Developed security policies, procedures and solutions
- Created security documentation to achieve FISMA compliance
- Assisted in presentations to the Board of Directors and Sr. Leadership on cyber security
Results:
Our team developed a compliant, scalable, and sustainable Cybersecurity Program that met the organization’s business requirements. The strategic initiative provided the following benefits:
- Developed a cyber security framework based on organizational requirements and leading best practices
- Complied with FISMA and other security compliance frameworks
- Developed appropriate policies, procedures and tools
- Established mechanisms to protect data, assess security impacts and monitor the program on an on-going basis
- Enhanced awareness and understanding of cybersecurity
The information provided here is for general guidance only, and does not constitute the provision of tax advice, accounting services, investment advice, legal advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal or other competent advisers.