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Roughly 30% of company heads have observed a significant surge in cyber-attacks targeting their logistics networks during the previous half-year, as recent cyber breaches on prominent businesses have highlighted this growing risk to today's organizations.

Digital risks rise worry scales for supply chain executives

Cybersecurity threats have advanced the list of priorities for procurement managers at multiple organizations globally across various industries including production, power and IT, according to current sector analysis carried out in the ninth month.

High-profile cyber incidents result in significant economic damage

Current cyber attacks at multiple well-known corporations have resulted in losses of substantial sums of currency, moving cyber resilience from being primarily the responsibility of digital security units to becoming a significant preoccupation for executive leadership and senior leaders.

The essence of global trade, the manner in which we view global supply chains and the technological supply environment are increasingly connected,

remarked a prominent professional association head.

Geopolitical considerations add to supply chain anxieties

Earlier this year, supply chain managers were particularly anxious about geopolitical instability, including persistent disputes in multiple parts of the world, along with trade policies that weighed on worldwide business.

However, cyber threats are now matching global tensions and commercial conflicts as the main threat for participants of international trade associations.

Survey reveals widespread impact

The study found that 29% of executives stated that organizations within their logistics networks had been compromised by cyber incidents in recent months.

Major car manufacturing consequences

An important car company experienced factory closures and was could not to produce vehicles for an entire month, following a cyber-attack that required the company to shut down digital infrastructure across several overseas operations.

The monetary effect of this 30-day factory closure at the United Kingdom's primary automotive employer has been estimated at approximately 120 million pounds in lost profits, or 1.7 billion pounds in missed sales, according to university research from a corporate finance academic.

Latest global cases

More recently, a well-known Asian beverage company became the most recent organization to be forced to stop production at its local plants following a cyber-attack.

The company, which manages multiple industrial sites in its home country producing beer and other products, stated that its order processing capabilities, along with delivery systems and call center operations, had been interrupted following a systems outage resulting from the cyber-attack.

Expanding integration produces weaknesses

Companies are progressively supported by other organizations. Gone are the era of thinking an business as an operation functioning in independence.

Recent major digital breaches have functioned as a clear warning to businesses to invest in comprehensive cybersecurity measures, to secure their business activities and maintain customer confidence, leading them to examine how their supply chains could become potential focus points for digital attackers.