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Almost 30% of business executives have reported a significant surge in online breaches targeting their logistics networks during the last six-month period, as recent digital attacks on major corporations have highlighted this expanding threat to today's organizations.

Online security issues rise concern rankings for supply chain executives

Cybersecurity threats have climbed the list of worries for procurement managers at hundreds companies worldwide across various industries including production, power and technology, according to current professional survey conducted in the ninth month.

Major security breaches cause significant financial losses

Latest digital intrusions at several prominent businesses have resulted in losses of substantial sums of currency, moving cyber resilience from being mostly the concern of technology teams to becoming a major concern for corporate boards and company directors.

The character of global trade, the way we view worldwide distribution systems and the digital distribution framework are progressively interconnected,

commented a leading professional association head.

Global elements add to logistics concerns

In the first half, supply chain managers were especially concerned about international tensions, including persistent tensions in multiple regions, along with international tariff measures that impacted global commerce.

Nevertheless, cyber threats are now competing with international conflicts and trade disagreements as the primary danger for organizations of global business groups.

Survey shows widespread impact

The research discovered that almost one-third of managers indicated that businesses within their supply chains had been compromised by security breaches in previous months.

Major car manufacturing impact

A notable automotive manufacturer experienced manufacturing stoppages and was found itself incapable to manufacture cars for an entire month, following a cyber-attack that forced the organization to disable IT networks across various international locations.

The financial consequences of this four-week factory closure at Britain's largest car manufacturer has been projected at approximately one hundred twenty million pounds in lost profits, or one point seven billion pounds in lost revenues, according to academic analysis from a corporate finance expert.

Latest worldwide cases

More recently, a well-known Asian beverage company became the newest corporation to be forced to halt manufacturing at its local plants following a digital breach.

The organization, which operates several manufacturing plants in its home country producing alcoholic beverages and other products, announced that its transaction handling functions, along with distribution activities and customer service functions, had been halted following a network disruption resulting from the digital intrusion.

Growing interconnectedness produces weaknesses

Companies are more and more enabled by other organizations. Gone are the times of thinking an organization as an unit operating in isolation.

Current high-profile digital breaches have acted as a strong reminder to businesses to allocate resources to strong online protection systems, to safeguard their own operations and maintain consumer trust, encouraging them to investigate how their distribution systems could become likely targets for hackers.