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Roughly 30% of corporate leaders have reported a marked increase in online breaches targeting their logistics networks during the past six months, as high-profile digital attacks on prominent businesses have highlighted this growing risk to today's organizations.

Online security issues move up concern rankings for supply chain executives

Cybersecurity threats have climbed the hierarchy of concerns for procurement managers at hundreds organizations worldwide across multiple business fields including manufacturing, energy and technology, according to latest professional survey carried out in September.

High-profile cyber incidents lead to significant monetary impacts

Current security breaches at various well-known businesses have cost them millions of pounds, moving cyber resilience from being mostly the responsibility of technology teams to becoming a primary priority for senior management and company directors.

The essence of worldwide business, the manner in which we look at international logistics networks and the digital logistics landscape are ever more interconnected,

stated a senior industry executive.

International considerations compound logistics concerns

In the first half, purchasing directors were especially concerned about global conflicts, including continuing disputes in various parts of the world, along with commercial regulations that impacted international trade.

However, digital security risks are now matching international conflicts and commercial conflicts as the primary danger for members of worldwide commercial organizations.

Study shows extensive impact

The survey found that nearly 30% of directors stated that organizations within their supply chains had been compromised by security breaches in the past few months.

Substantial automotive impact

An important car company experienced factory closures and was unable to build automobiles for four weeks, following a digital breach that compelled the company to shut down digital infrastructure across several overseas operations.

The economic impact of this 30-day production shutdown at Britain's largest automotive employer has been projected at approximately 120 million pounds in missed earnings, or one point seven billion pounds in missed sales, according to university research from a corporate finance expert.

Current international cases

More recently, a well-known international drinks manufacturer became the latest organization to be compelled to halt manufacturing at its home country facilities following a digital breach.

The company, which manages numerous manufacturing plants in its home country producing beer and various goods, reported that its sales management systems, along with distribution activities and customer service functions, had been interrupted following a technical failure triggered by the digital intrusion.

Increasing interconnectedness produces weaknesses

Companies are progressively enabled by external entities. Have disappeared the times of thinking an business as an entity functioning in isolation.

Current major digital breaches have served as a clear warning to organizations to devote funding to robust online protection systems, to secure their internal functions and preserve customer confidence, leading them to examine how their supply chains could become possible targets for digital attackers.