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Roughly 30% of business executives have reported a marked surge in cyber-attacks targeting their distribution systems during the last six-month period, as recent cyber breaches on prominent businesses have emphasized this growing risk to today's organizations.

Online security issues move up worry scales for purchasing directors

Cybersecurity threats have moved up the hierarchy of worries for supply chain executives at hundreds companies globally across diverse sectors including production, power and IT, according to latest industry research carried out in early autumn.

High-profile cyber incidents lead to significant financial losses

Current cyber attacks at multiple well-known businesses have led to financial impacts of tens of millions of money, shifting cyber resilience from being primarily the concern of technology teams to becoming a major priority for executive leadership and senior leaders.

The essence of worldwide business, how we consider global supply chains and the digital supply environment are ever more interconnected,

stated a senior industry executive.

International factors add to supply chain anxieties

During previous months, procurement executives were particularly worried about geopolitical instability, including continuing conflicts in various areas, along with commercial regulations that impacted global commerce.

However, digital security risks are now competing with geopolitical shocks and trade disagreements as the most significant risk for organizations of global business groups.

Research indicates extensive consequences

The study found that 29% of executives reported that organizations within their supply chains had been compromised by digital attacks in previous months.

Major automotive effects

An important vehicle producer experienced production shutdowns and was found itself incapable to build automobiles for four weeks, following a security incident that required the business to turn off IT networks across several global facilities.

The financial consequences of this four-week manufacturing halt at the UK's biggest automotive employer has been estimated at approximately one hundred twenty million pounds in lost profits, or one point seven billion pounds in missed sales, according to expert assessment from a business economics academic.

Current global incidents

During the autumn, a well-known Japanese brewing group became the latest corporation to be compelled to stop production at its home country facilities following a cyber-attack.

The corporation, which operates multiple industrial sites in its home country producing beer and various goods, reported that its sales management systems, along with delivery systems and client support services, had been disrupted following a systems outage caused by the cyber-attack.

Increasing interconnectedness creates risks

Companies are more and more supported by other organizations. Have disappeared the era of considering an business as an operation working in isolation.

Recent prominent digital breaches have served as a important lesson to organizations to allocate resources to comprehensive cybersecurity measures, to safeguard their internal functions and retain consumer trust, leading them to investigate how their logistics networks could become likely focus points for digital attackers.