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Roughly one-third of business executives have witnessed a noticeable increase in cyber-attacks targeting their logistics networks during the previous half-year, as recently reported cyber breaches on prominent businesses have highlighted this growing risk to modern businesses.

Cyber threats climb priority lists for supply chain executives

Cybersecurity threats have climbed the hierarchy of priorities for procurement managers at hundreds businesses internationally across diverse sectors including manufacturing, energy and IT, according to current sector analysis carried out in September.

Prominent digital attacks lead to considerable financial losses

Current digital intrusions at several prominent businesses have cost them substantial sums of currency, transitioning online protection from being primarily the concern of technology teams to becoming a major concern for senior management and company directors.

The character of international commerce, how we consider worldwide distribution systems and the technological logistics landscape are progressively interconnected,

remarked a senior industry executive.

International elements compound distribution worries

During previous months, purchasing directors were especially anxious about international tensions, including ongoing conflicts in several regions, along with commercial regulations that weighed on worldwide business.

However, cyber threats are now matching international conflicts and commercial conflicts as the most significant threat for organizations of worldwide commercial organizations.

Study reveals broad effect

The study found that nearly 30% of executives stated that businesses within their supply chains had been compromised by cyber incidents in previous months.

Substantial automotive consequences

An important car company experienced manufacturing stoppages and was could not to manufacture cars for a full month, following a cyber-attack that required the business to turn off IT networks across various global facilities.

The financial consequences of this month-long factory closure at Britain's largest car manufacturer has been calculated at approximately £120 million in missed earnings, or one point seven billion pounds in lost revenues, according to academic analysis from a business economics professor.

Recent international examples

In late September, a well-known Asian beverage company became the most recent organization to be forced to halt manufacturing at its domestic factories following a digital breach.

The corporation, which maintains several manufacturing plants in the Asian nation producing alcoholic beverages and additional items, announced that its transaction handling functions, along with delivery systems and call center operations, had been disrupted following a network disruption triggered by the cyber-attack.

Growing interconnectedness creates vulnerabilities

Companies are increasingly enabled by other organizations. No longer exist the times of viewing an organization as an operation functioning in separation.

Current major cyber-attacks have functioned as a strong reminder to organizations to invest in strong cybersecurity measures, to protect their own operations and preserve consumer trust, leading them to analyze how their logistics networks could become possible objectives for digital attackers.