Approximately 30% of business leaders report surge in cyber-attacks on supply chains

Almost one-third of business executives have reported a noticeable surge in digital intrusions targeting their logistics networks during the last six-month period, as recently reported security incidents on major corporations have highlighted this expanding threat to modern businesses.

Cyber threats climb concern rankings for procurement managers

Online protection issues have advanced the hierarchy of concerns for purchasing directors at numerous businesses worldwide across diverse industries including production, energy and tech, according to latest industry research conducted in September.

Prominent security breaches cause significant financial losses

Current cyber attacks at multiple well-known companies have led to financial impacts of millions of pounds, transitioning digital security from being primarily the focus of technology teams to becoming a significant priority for executive leadership and company directors.

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

commented a prominent industry executive.

International factors compound distribution anxieties

In the first half, supply chain managers were notably concerned about geopolitical instability, including continuing conflicts in various areas, along with international tariff measures that weighed on international trade.

Nevertheless, digital security risks are now matching geopolitical shocks and tariff disputes as the main risk for members of worldwide commercial organizations.

Survey shows extensive effect

The research discovered that 29% of directors indicated that organizations within their logistics networks had been compromised by security breaches in the past few months.

Substantial vehicle production effects

An important vehicle producer experienced production shutdowns and was unable to manufacture cars for a full month, following a digital breach that forced the business to turn off computer systems across various global facilities.

The economic impact of this month-long production shutdown at Britain's largest vehicle producer has been projected at approximately one hundred twenty million pounds in foregone income, or £1.7 billion in foregone income, according to university research from a commercial economics professor.

Latest international examples

During the autumn, a major international drinks manufacturer became the most recent corporation to be required to cease operations at its domestic factories following a digital breach.

The corporation, which manages numerous industrial sites in Japan producing alcoholic beverages and additional items, stated that its sales management systems, along with shipping operations and call center services, had been interrupted following a technical failure resulting from the cyber-attack.

Expanding connectivity produces risks

Businesses are more and more supported by external entities. Gone are the times of thinking an organization as an entity functioning in isolation.

Recent major cyber-attacks have functioned as a important lesson to businesses to allocate resources to strong digital defences, to protect their business activities and retain customer confidence, leading them to examine how their logistics networks could become likely targets for hackers.