Nearly one-third of company executives report surge in digital threats on supply chains

Almost 30% of business executives have observed a marked increase in cyber-attacks targeting their logistics networks during the last six-month period, as recently reported security incidents on well-known companies have highlighted this growing danger to contemporary enterprises.

Digital risks climb worry scales for supply chain executives

Online protection issues have advanced the hierarchy of worries for supply chain executives at hundreds companies globally across various business fields including industrial, utilities and tech, according to recent industry research carried out in the ninth month.

High-profile digital attacks lead to substantial monetary impacts

Recent digital intrusions at multiple major corporations have cost them millions of money, transitioning online protection from being mainly the concern of digital security units to becoming a significant preoccupation for corporate boards and company directors.

The essence of international commerce, the manner in which we look at worldwide distribution systems and the digital logistics landscape are ever more connected,

stated a senior sector leader.

International considerations intensify distribution anxieties

Earlier this year, procurement executives were especially worried about geopolitical instability, including continuing disputes in multiple parts of the world, along with commercial regulations that impacted international trade.

Nevertheless, online attacks are now rivalling international conflicts and commercial conflicts as the most significant risk for members of international trade associations.

Survey indicates extensive consequences

The survey revealed that 29% of managers stated that organizations within their distribution systems had been attacked by digital attacks in previous months.

Major car manufacturing consequences

An important automotive manufacturer experienced manufacturing stoppages and was found itself incapable to build automobiles for four weeks, following a cyber-attack that required the organization to turn off digital infrastructure across various international locations.

The financial consequences of this month-long production shutdown at the UK's biggest automotive employer has been projected at approximately one hundred twenty million pounds in missed earnings, or £1.7 billion in missed sales, according to expert assessment from a business economics professor.

Recent worldwide examples

In late September, a prominent international drinks manufacturer became the most recent business to be required to stop production at its domestic factories following a cyber-attack.

The organization, which maintains numerous production facilities in its home country producing beer and various goods, reported that its sales management systems, along with delivery systems and call center operations, had been interrupted following a technical failure triggered by the security breach.

Growing connectivity creates risks

Businesses are increasingly supported by external entities. No longer exist the times of thinking an company as an operation operating in isolation.

Current major security incidents have functioned as a strong reminder to organizations to allocate resources to comprehensive digital defences, to secure their business activities and maintain customer confidence, encouraging them to analyze how their supply chains could become possible targets for digital attackers.