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Almost 30% of business executives have observed a marked rise in cyber-attacks targeting their supply chains during the last six-month period, as recent digital attacks on prominent businesses have emphasized this growing threat to today's organizations.

Cyber threats move up priority lists for supply chain executives

Digital security concerns have climbed the list of priorities for purchasing directors at numerous companies globally across multiple industries including manufacturing, power and technology, according to current professional survey performed in the ninth month.

Major digital attacks cause considerable economic damage

Recent cyber attacks at various major corporations have resulted in losses of millions of money, transitioning cyber resilience from being mostly the responsibility of digital security units to becoming a primary priority for senior management and senior leaders.

The character of worldwide business, the manner in which we view international logistics networks and the technological supply environment are ever more interconnected,

remarked a senior industry executive.

Geopolitical factors intensify distribution worries

During previous months, procurement executives were especially concerned about global conflicts, including ongoing disputes in multiple areas, along with international tariff measures that affected international trade.

However, cyber threats are now matching geopolitical shocks and tariff disputes as the most significant risk for organizations of global business groups.

Research shows broad effect

The research revealed that almost one-third of executives reported that companies within their distribution systems had been attacked by security breaches in the past few months.

Significant automotive effects

One prominent car company experienced production shutdowns and was found itself incapable to manufacture cars for a full month, following a security incident that forced the company to turn off IT networks across various global facilities.

The monetary effect of this 30-day production shutdown at Britain's largest vehicle producer has been calculated at approximately £120 million in missed earnings, or 1.7 billion pounds in foregone income, according to university research from a business economics academic.

Recent worldwide incidents

During the autumn, a prominent Asian beverage company became the newest corporation to be compelled to stop production at its home country facilities following a security incident.

The organization, which operates multiple production facilities in Japan producing beer and additional items, announced that its sales management systems, along with delivery systems and call center services, had been halted following a technical failure triggered by the security breach.

Growing connectivity produces risks

Organizations are more and more assisted by external entities. No longer exist the times of considering an business as an unit functioning in isolation.

Current major cyber-attacks have functioned as a important lesson to businesses to allocate resources to strong online protection systems, to safeguard their internal functions and retain customer confidence, prompting them to examine how their logistics networks could become likely focus points for digital attackers.