🔗 Share this article Nearly a third of business leaders note surge in cyber-attacks on supply chains Almost a third of business executives have reported a noticeable surge in online breaches targeting their distribution systems during the past six months, as recently reported cyber breaches on prominent businesses have emphasized this increasing risk to contemporary enterprises. Cyber threats move up priority lists for procurement managers Cybersecurity threats have climbed the list of concerns for procurement managers at multiple companies internationally across multiple business fields including industrial, energy and technology, according to recent industry research conducted in the ninth month. Major digital attacks lead to significant monetary impacts Recent security breaches at multiple major businesses have resulted in losses of substantial sums of money, moving online protection from being primarily the concern of IT departments to becoming a primary concern for corporate boards and company directors. The character of worldwide business, the manner in which we look at international logistics networks and the technological distribution framework are progressively connected, remarked a senior sector leader. Global elements add to logistics anxieties During previous months, supply chain managers were particularly concerned about international tensions, including persistent disputes in several areas, along with commercial regulations that impacted worldwide business. Nevertheless, digital security risks are now matching global tensions and commercial conflicts as the main threat for members of international trade associations. Study reveals extensive consequences The study found that 29% of directors reported that organizations within their distribution systems had been compromised by security breaches in recent months. Major automotive effects A notable vehicle producer experienced production shutdowns and was could not to manufacture cars for an entire month, following a digital breach that compelled the organization to shut down computer systems across various overseas operations. The financial consequences of this four-week factory closure at the United Kingdom's primary vehicle producer has been estimated at approximately one hundred twenty million pounds in foregone income, or 1.7 billion pounds in foregone income, according to expert assessment from a commercial economics professor. Latest worldwide examples More recently, a well-known Asian beverage company became the latest corporation to be forced to stop production at its local plants following a security incident. The company, which maintains multiple production facilities in Japan producing drinks and various goods, stated that its sales management systems, along with delivery systems and customer service operations, had been disrupted following a technical failure caused by the cyber-attack. Growing connectivity creates risks Companies are increasingly enabled by partner companies. Gone are the era of considering an business as an entity operating in separation. Recent high-profile security incidents have acted as a strong reminder to businesses to devote funding to comprehensive digital defences, to safeguard their business activities and maintain customer confidence, leading them to analyze how their supply chains could become possible objectives for digital attackers.