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Almost 30% of company heads have witnessed a significant surge in cyber-attacks targeting their supply chains during the last six-month period, as recently reported security incidents on prominent businesses have underscored this expanding threat to contemporary enterprises.

Cyber threats move up concern rankings for supply chain executives

Cybersecurity threats have moved up the ranking of priorities for procurement managers at multiple businesses internationally across multiple industries including production, power and IT, according to latest sector analysis conducted in the ninth month.

Major security breaches lead to considerable monetary impacts

Latest digital intrusions at several major corporations have cost them millions of currency, moving cyber resilience from being mainly the concern of technology teams to becoming a significant priority for corporate boards and senior leaders.

The character of global trade, how we look at worldwide distribution systems and the digital logistics landscape are ever more linked,

remarked a leading industry executive.

Global elements intensify logistics anxieties

Earlier this year, supply chain managers were notably worried about geopolitical instability, including ongoing disputes in several parts of the world, along with trade policies that affected worldwide business.

Nevertheless, cyber threats are now matching geopolitical shocks and tariff disputes as the main risk for participants of worldwide commercial organizations.

Study indicates extensive effect

The study discovered that 29% of managers stated that organizations within their supply chains had been attacked by digital attacks in previous months.

Substantial automotive consequences

An important automotive manufacturer experienced factory closures and was unable to manufacture cars for four weeks, following a security incident that forced the organization to turn off IT networks across various global facilities.

The financial consequences of this four-week production shutdown at the UK's biggest automotive employer has been calculated at approximately 120 million pounds in lost profits, or 1.7 billion pounds in missed sales, according to academic analysis from a business economics expert.

Recent international examples

More recently, a major international drinks manufacturer became the most recent business to be compelled to halt manufacturing at its home country facilities following a security incident.

The organization, which operates several manufacturing plants in Japan producing drinks and additional items, reported that its transaction handling functions, along with delivery systems and customer service functions, had been halted following a technical failure caused by the digital intrusion.

Expanding interconnectedness produces weaknesses

Organizations are more and more supported by external entities. Have disappeared the era of thinking an business as an operation functioning in isolation.

Latest major digital breaches have functioned as a important lesson to organizations to devote funding to strong cybersecurity measures, to secure their business activities and retain customer confidence, leading them to examine how their logistics networks could become likely targets for cyber criminals.