Password manager for pharma: Necessity, explained.

2021 is the year when any pharmaceutical company can become a target of a cyberattack. From 2019 to 2020 alone, the pharma industry has experienced a massive 50% increase in cyberattacks.

The world is vigilantly monitoring vaccine manufacturers. Pharma giants are becoming targets of hacking attempts. C-level executives are having their credentials leaked. Biotech and pharmaceutical industries are on the radar.

If your company hasn’t used a dedicated password manager for pharma so far, the time has come. Here’s why.

What’s at stake?

Cyberattacks are a profitable way to illegally earn money by exploiting the victim’s hardship. A hacker can benefit from disrupting your clinical trials, stealing drug formulas, or even from the fact that they cause the downtime of your operational systems.

Each disruption compounds to lost revenue. Accenture Security study draws the unquestionable and critical conclusion for everyone in the healthcare industry.

Information loss is the most expensive consequence after a data breach.

A dedicated password manager for pharma – reliable prevention

Password manager for pharma plays a significant role in protecting your company’s sensitive data, such as critical credentials and logins, snippets of information and other secrets.

Due to the importance and sensitivity of this data, it should be protected throughout the whole process of manufacturing, distributing, and providing the pharmaceuticals to the patients.

But how can you protect it?

Information encryption

A reliable password manager for pharma encrypts every password and snippet of data on your device and then stores each encrypted item in a separate secure vault.

Highly advanced technological implementations, such as AES-256 and RSA-4096 encryption keys and Zero-knowledge proof ensure that your data never leaves your device in a readable form. In other words, the information is protected from getting stolen. And even if it was somehow stolen, it could not be revealed in any way.

Data encryption eliminates most of the security vulnerabilities hackers aim for. With this additional level of privacy and security, you can safely cooperate and securely share information with researchers and partners without the risk of exposing their (or your) sensitive data.

Sharing logins, made safe

Inside the team

Your employees need secure access to internal data, and you need to have a fast and secure way to provide the required access .

Password manager for pharma (such as PassCamp) allows you to share sensitive information with employees safely. For instance, you can share a password with the Process Technician and assign an “Edit/Share” permission at an item level. This person can then delegate the login further – to Quality Assurance staff, Laboratory Technicians, or other related people, with you maintaining control over said password.

Outside the team

You might also need to send some information to the distributors, the chains of pharmacies and hospitals, or you might need to cooperate with researchers on a single project. Most other password management tools would require you to buy each of your partners a separate account, which can add up if you’re working with a lot of contractors or other people outside your organization.

Contrarily, PassCamp enables you to connect with an unlimited number of Guests (external users) securely without any extra costs. Our goal is to improve your security and boost productivity. We believe that you shouldn’t have to compromise your security due to budget constraints.

Control your data: History Log

History Log, a unique PassCamp feature, provides you an additional level of control. Each time an employee shares or edits one of your passwords, the tool automatically tracks and saves the changes. This allows you to monitor who has access to your logins, any changes made to them and check what’s happening with them in real time. Also, if your password is changed, you can always go back and restore the previous version – you keep full control over your credentials, even when they’re shared with your colleagues or partners.

Tags for easy and fast navigation

Tags are another unique feature in PassCamp password manager. It helps you organize all of your passwords for super easy and quick navigation in your day-to-day work.

With tags, you can group passwords by the type of manufacturer, supplier, pharmaceuticals, or other business-applicable systems. This helps you to spend more time focusing on what’s important.

Protect your company with a reliable partner

Take a step today and defend your company against cyber threats.

PassCamp – a password manager for pharma – offers all the needed features to top security and seamless collaboration inside and outside the company.

PassCamp team can tailor the tool to your specific business model and organization needs. Our biggest strength is flexibility. We can integrate the custom solution to your current business environment. We can host it in your environment if you have specific data management or storage policies. We can develop a fully rebranded version under a white label solution.

Contact PassCamp sales today and we work with you to understand your needs and provide you with the perfectly-tailored tool for your business security.