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Roughly one-third of business executives have reported a marked increase in cyber-attacks targeting their logistics networks during the past six months, as recent digital attacks on well-known companies have underscored this expanding danger to today's organizations.

Online security issues climb priority lists for supply chain executives

Cybersecurity threats have advanced the list of worries for purchasing directors at hundreds businesses globally across diverse business fields including manufacturing, energy and technology, according to latest industry research carried out in the ninth month.

High-profile security breaches lead to significant economic damage

Latest security breaches at several major businesses have led to financial impacts of tens of millions of pounds, moving digital security from being mostly the focus of technology teams to becoming a significant concern for executive leadership and top executives.

The character of international commerce, the way we look at global supply chains and the digital logistics landscape are ever more connected,

commented a senior industry executive.

Geopolitical elements add to distribution worries

During previous months, purchasing directors were especially concerned about global conflicts, including continuing disputes in various parts of the world, along with international tariff measures that affected worldwide business.

Nonetheless, online attacks are now matching geopolitical shocks and trade disagreements as the primary danger for members of worldwide commercial organizations.

Survey indicates widespread effect

The research discovered that almost one-third of managers reported that organizations within their distribution systems had been attacked by digital attacks in recent months.

Major automotive effects

An important automotive manufacturer experienced factory closures and was could not to produce vehicles for an entire month, following a security incident that required the company to shut down IT networks across various overseas operations.

The monetary effect of this month-long manufacturing halt at Britain's largest automotive employer has been estimated at approximately one hundred twenty million pounds in lost profits, or 1.7 billion pounds in missed sales, according to university research from a commercial economics academic.

Latest global examples

During the autumn, a well-known Japanese brewing group became the newest organization to be forced to cease operations at its domestic factories following a cyber-attack.

The corporation, which maintains multiple industrial sites in its home country producing drinks and additional items, reported that its transaction handling functions, along with distribution activities and customer service operations, had been disrupted following a systems outage resulting from the cyber-attack.

Expanding connectivity produces weaknesses

Companies are more and more assisted by external entities. Have disappeared the days of thinking an company as an entity functioning in independence.

Recent high-profile digital breaches have acted as a important lesson to companies to allocate resources to comprehensive cybersecurity measures, to protect their business activities and preserve customer confidence, prompting them to investigate how their supply chains could become possible focus points for digital attackers.