🔗 Share this article

Approximately one-third of company heads have reported a significant rise in cyber-attacks targeting their logistics networks during the previous half-year, as recently reported security incidents on well-known companies have highlighted this increasing danger to modern businesses.

Digital risks move up priority lists for supply chain executives

Online protection issues have advanced the ranking of worries for supply chain executives at multiple organizations worldwide across various industries including production, energy and IT, according to latest professional survey carried out in early autumn.

High-profile security breaches cause considerable monetary impacts

Recent cyber attacks at several prominent companies have cost them tens of millions of currency, transitioning online protection from being mainly the focus of digital security units to becoming a major priority for executive leadership and top executives.

The nature of worldwide business, the way we view worldwide distribution systems and the technological supply environment are ever more interconnected,

remarked a senior sector leader.

Global factors intensify logistics anxieties

Earlier this year, procurement executives were notably anxious about global conflicts, including persistent tensions in various regions, along with trade policies that affected global commerce.

However, digital security risks are now competing with international conflicts and tariff disputes as the main threat for members of global business groups.

Study shows widespread effect

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

Major car manufacturing effects

One prominent automotive manufacturer experienced production shutdowns and was unable to manufacture cars for a full month, following a cyber-attack that compelled the organization to turn off digital infrastructure across multiple international locations.

The monetary effect of this month-long production shutdown at the United Kingdom's primary automotive employer has been calculated at approximately £120 million in missed earnings, or 1.7 billion pounds in missed sales, according to expert assessment from a business economics academic.

Latest worldwide incidents

In late September, a prominent Japanese brewing group became the most recent corporation to be compelled to halt manufacturing at its domestic factories following a cyber-attack.

The organization, which operates several manufacturing plants in the Asian nation producing beer and various goods, announced that its transaction handling functions, along with delivery systems and client support functions, had been disrupted following a technical failure triggered by the digital intrusion.

Expanding connectivity produces risks

Companies are more and more supported by external entities. No longer exist the era of viewing an business as an operation functioning in isolation.

Latest major security incidents have acted as a important lesson to organizations to devote funding to strong online protection systems, to protect their internal functions and maintain customer confidence, prompting them to investigate how their supply chains could become likely objectives for cyber criminals.