🔗 Share this article

Approximately a third of business executives have observed a noticeable rise in online breaches targeting their logistics networks during the last six-month period, as high-profile digital attacks on well-known companies have highlighted this increasing risk to today's organizations.

Online security issues move up concern rankings for purchasing directors

Digital security concerns have climbed the hierarchy of concerns for procurement managers at numerous companies worldwide across diverse business fields including manufacturing, utilities and tech, according to current industry research carried out in early autumn.

Prominent cyber incidents cause substantial monetary impacts

Latest cyber attacks at various prominent businesses have led to financial impacts of tens of millions of money, transitioning digital security from being mostly the responsibility of technology teams to becoming a significant priority for senior management and senior leaders.

The essence of worldwide business, the manner in which we consider global supply chains and the online supply environment are increasingly connected,

remarked a senior sector leader.

Geopolitical elements compound supply chain anxieties

In the first half, procurement executives were particularly worried about international tensions, including persistent conflicts in several regions, along with international tariff measures that impacted global commerce.

Nevertheless, cyber threats are now matching geopolitical shocks and tariff disputes as the primary danger for organizations of international trade associations.

Research reveals widespread effect

The study discovered that 29% of managers reported that companies within their distribution systems had been compromised by cyber incidents in previous months.

Significant car manufacturing impact

A notable vehicle producer experienced production shutdowns and was unable to build automobiles for an entire month, following a cyber-attack that compelled the organization to shut down IT networks across multiple overseas operations.

The monetary effect of this month-long production shutdown at Britain's largest automotive employer has been estimated at approximately 120 million pounds in missed earnings, or 1.7 billion pounds in missed sales, according to academic analysis from a commercial economics academic.

Current international examples

More recently, a prominent Japanese brewing group became the newest corporation to be compelled to halt manufacturing at its local plants following a cyber-attack.

The corporation, which operates numerous manufacturing plants in the Asian nation producing alcoholic beverages and other products, reported that its sales management systems, along with shipping operations and call center operations, had been disrupted following a technical failure triggered by the cyber-attack.

Expanding integration creates weaknesses

Organizations are increasingly enabled by partner companies. Have disappeared the era of viewing an business as an operation operating in independence.

Latest high-profile cyber-attacks have served as a clear warning to companies to devote funding to strong cybersecurity measures, to secure their business activities and preserve customer confidence, leading them to analyze how their supply chains could become likely objectives for digital attackers.