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Approximately one-third of corporate leaders have observed a marked increase in digital intrusions targeting their supply chains during the last six-month period, as high-profile security incidents on major corporations have highlighted this expanding danger to today's organizations.

Cyber threats climb priority lists for supply chain executives

Online protection issues have advanced the hierarchy of concerns for supply chain executives at multiple companies internationally across diverse industries including industrial, power and IT, according to recent industry research carried out in September.

High-profile security breaches cause considerable monetary impacts

Recent cyber attacks at several major companies have resulted in losses of substantial sums of pounds, moving digital security from being mostly the focus of digital security units to becoming a major concern for corporate boards and senior leaders.

The essence of international commerce, the manner in which we consider international logistics networks and the digital distribution framework are ever more interconnected,

remarked a prominent professional association head.

Geopolitical elements intensify logistics anxieties

During previous months, procurement executives were especially worried about global conflicts, including continuing tensions in multiple parts of the world, along with trade policies that impacted global commerce.

However, digital security risks are now competing with geopolitical shocks and commercial conflicts as the primary danger for participants of global business groups.

Research indicates extensive impact

The survey found that nearly 30% of executives stated that businesses within their logistics networks had been compromised by security breaches in previous months.

Significant automotive impact

An important automotive manufacturer experienced factory closures and was found itself incapable to build automobiles for four weeks, following a cyber-attack that forced the organization to shut down IT networks across several international locations.

The financial consequences of this 30-day factory closure at the UK's biggest automotive employer has been estimated at approximately one hundred twenty million pounds in lost profits, or £1.7 billion in foregone income, according to academic analysis from a corporate finance professor.

Current global cases

In late September, a prominent international drinks manufacturer became the newest business to be forced to cease operations at its local plants following a security incident.

The organization, which operates multiple production facilities in the Asian nation producing drinks and various goods, reported that its order processing capabilities, along with distribution activities and client support functions, had been interrupted following a network disruption triggered by the cyber-attack.

Expanding integration generates vulnerabilities

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

Latest major cyber-attacks have served as a strong reminder to organizations to allocate resources to comprehensive online protection systems, to secure their internal functions and maintain client faith, leading them to analyze how their distribution systems could become likely objectives for cyber criminals.