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Almost 30% of company heads have reported a marked surge in cyber-attacks targeting their logistics networks during the past six months, as recent digital attacks on prominent businesses have emphasized this expanding threat to today's organizations.

Digital risks rise worry scales for supply chain executives

Digital security concerns have advanced the hierarchy of concerns for supply chain executives at hundreds companies globally across various sectors including manufacturing, power and technology, according to latest industry research conducted in September.

Major security breaches result in substantial economic damage

Recent digital intrusions at various major companies have cost them millions of money, shifting digital security from being primarily the concern of technology teams to becoming a major concern for senior management and top executives.

The nature of worldwide business, the manner in which we view global supply chains and the technological distribution framework are ever more connected,

stated a senior sector leader.

International factors compound distribution worries

Earlier this year, purchasing directors were particularly anxious about geopolitical instability, including continuing disputes in various regions, along with trade policies that impacted global commerce.

Nevertheless, digital security risks are now competing with global tensions and commercial conflicts as the primary risk for participants of global business groups.

Study reveals extensive effect

The research discovered that almost one-third of directors indicated that companies within their supply chains had been targeted by cyber incidents in the past few months.

Major automotive impact

An important vehicle producer experienced factory closures and was unable to build automobiles for four weeks, following a digital breach that forced the company to disable computer systems across multiple overseas operations.

The financial consequences of this month-long manufacturing halt at the United Kingdom's primary automotive employer has been calculated at approximately one hundred twenty million pounds in lost profits, or one point seven billion pounds in lost revenues, according to university research from a business economics professor.

Current worldwide examples

During the autumn, a major Asian beverage company became the newest organization to be required to halt manufacturing at its local plants following a security incident.

The company, which operates multiple production facilities in its home country producing beer and other products, reported that its sales management systems, along with distribution activities and call center services, had been interrupted following a network disruption triggered by the digital intrusion.

Expanding integration generates vulnerabilities

Companies are more and more enabled by other organizations. Have disappeared the days of considering an organization as an operation operating in isolation.

Latest high-profile cyber-attacks have acted as a important lesson to companies to invest in comprehensive cybersecurity measures, to secure their internal functions and maintain customer confidence, leading them to investigate how their supply chains could become possible targets for cyber criminals.