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Approximately a third of business executives have observed a noticeable rise in cyber-attacks targeting their logistics networks during the previous half-year, as recently reported security incidents on major corporations have highlighted this growing danger to contemporary enterprises.

Cyber threats climb concern rankings for supply chain executives

Digital security concerns have moved up the hierarchy of priorities for supply chain executives at hundreds companies internationally across various sectors including production, utilities and tech, according to recent professional survey carried out in September.

Major cyber incidents cause significant monetary impacts

Current cyber attacks at several well-known companies have cost them tens of millions of pounds, transitioning digital security from being mainly the focus of technology teams to becoming a major preoccupation for executive leadership and company directors.

The nature of worldwide business, how we consider worldwide distribution systems and the online distribution framework are ever more interconnected,

remarked a senior industry executive.

International elements add to supply chain anxieties

During previous months, procurement executives were notably worried about international tensions, including persistent tensions in multiple regions, along with trade policies that impacted international trade.

Nonetheless, digital security risks are now rivalling international conflicts and tariff disputes as the primary danger for participants of global business groups.

Survey indicates extensive consequences

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

Substantial vehicle production consequences

One prominent automotive manufacturer experienced production shutdowns and was could not to build automobiles for a full month, following a cyber-attack that compelled the business to disable IT networks across several international locations.

The monetary effect of this four-week production shutdown at the United Kingdom's primary automotive employer has been estimated at approximately 120 million pounds in lost profits, or 1.7 billion pounds in foregone income, according to expert assessment from a commercial economics expert.

Current international cases

More recently, a major international drinks manufacturer became the newest business to be forced to cease operations at its domestic factories following a cyber-attack.

The organization, which maintains multiple production facilities in its home country producing alcoholic beverages and additional items, stated that its sales management systems, along with delivery systems and customer service services, had been interrupted following a technical failure resulting from the digital intrusion.

Increasing integration produces vulnerabilities

Organizations are increasingly enabled by external entities. Have disappeared the days of considering an organization as an operation operating in separation.

Latest high-profile cyber-attacks have acted as a clear warning to organizations to invest in robust cybersecurity measures, to protect their own operations and retain customer confidence, prompting them to investigate how their supply chains could become potential targets for digital attackers.