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Almost one-third of corporate leaders have reported a significant increase in online breaches targeting their logistics networks during the past six months, as recently reported cyber breaches on well-known companies have underscored this expanding risk to today's organizations.

Digital risks move up priority lists for purchasing directors

Digital security concerns have climbed the hierarchy of worries for supply chain executives at multiple companies worldwide across diverse industries including manufacturing, power and technology, according to recent sector analysis performed in early autumn.

Major digital attacks cause considerable financial losses

Latest cyber attacks at various prominent companies have resulted in losses of tens of millions of money, shifting cyber resilience from being primarily the responsibility of technology teams to becoming a primary concern for senior management and top executives.

The character of global trade, the manner in which we consider global supply chains and the technological distribution framework are progressively connected,

stated a leading industry executive.

International factors add to logistics worries

Earlier this year, supply chain managers were particularly concerned about international tensions, including continuing conflicts in several parts of the world, along with international tariff measures that affected international trade.

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

Survey indicates extensive effect

The survey found that nearly 30% of directors stated that organizations within their supply chains had been targeted by digital attacks in recent months.

Significant car manufacturing impact

An important vehicle producer experienced manufacturing stoppages and was found itself incapable to produce vehicles for a full month, following a cyber-attack that required the organization to turn off IT networks across multiple international locations.

The monetary effect of this month-long production shutdown at the United Kingdom's primary car manufacturer has been projected at approximately 120 million pounds in missed earnings, or one point seven billion pounds in foregone income, according to academic analysis from a commercial economics professor.

Recent worldwide incidents

During the autumn, a major international drinks manufacturer became the latest corporation to be required to stop production at its domestic factories following a security incident.

The organization, which operates numerous industrial sites in Japan producing drinks and additional items, reported that its order processing capabilities, along with shipping operations and call center operations, had been interrupted following a network disruption caused by the digital intrusion.

Growing connectivity creates vulnerabilities

Companies are increasingly assisted by partner companies. No longer exist the times of considering an company as an entity operating in isolation.

Recent prominent digital breaches have functioned as a clear warning to companies to allocate resources to comprehensive cybersecurity measures, to protect their business activities and maintain customer confidence, leading them to analyze how their distribution systems could become potential objectives for cyber criminals.