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Approximately a third of corporate leaders have observed a noticeable increase in digital intrusions targeting their logistics networks during the last six-month period, as recent digital attacks on well-known companies have highlighted this increasing threat to modern businesses.

Online security issues climb priority lists for supply chain executives

Online protection issues have moved up the list of concerns for purchasing directors at multiple businesses globally across diverse industries including manufacturing, power and IT, according to current industry research conducted in the ninth month.

Major cyber incidents cause substantial financial losses

Current cyber attacks at multiple well-known companies have led to financial impacts of substantial sums of money, moving cyber resilience from being mostly the responsibility of IT departments to becoming a significant preoccupation for senior management and company directors.

The essence of international commerce, how we look at global supply chains and the online supply environment are increasingly linked,

remarked a senior industry executive.

Global considerations add to logistics concerns

Earlier this year, purchasing directors were especially anxious about international tensions, including ongoing tensions in several regions, along with international tariff measures that weighed on worldwide business.

Nevertheless, online attacks are now competing with geopolitical shocks and commercial conflicts as the primary risk for organizations of global business groups.

Study indicates extensive impact

The research discovered that 29% of executives indicated that businesses within their logistics networks had been compromised by digital attacks in recent months.

Substantial car manufacturing effects

One prominent car company experienced factory closures and was could not to manufacture cars for an entire month, following a digital breach that compelled the organization to turn off computer systems across various overseas operations.

The economic impact of this four-week manufacturing halt at the UK's biggest automotive employer has been projected at approximately one hundred twenty million pounds in lost profits, or £1.7 billion in lost revenues, according to expert assessment from a corporate finance expert.

Recent worldwide cases

During the autumn, a major Japanese brewing group became the latest corporation to be forced to halt manufacturing at its domestic factories following a cyber-attack.

The organization, which maintains several production facilities in Japan producing drinks and additional items, reported that its transaction handling functions, along with delivery systems and client support services, had been interrupted following a technical failure triggered by the digital intrusion.

Increasing interconnectedness creates vulnerabilities

Businesses are increasingly enabled by external entities. Have disappeared the times of considering an company as an operation operating in independence.

Latest major cyber-attacks have acted as a strong reminder to organizations to allocate resources to strong cybersecurity measures, to safeguard their internal functions and maintain customer confidence, prompting them to investigate how their logistics networks could become potential objectives for hackers.