🔗 Share this article

Approximately 30% of business executives have witnessed a noticeable surge in online breaches targeting their logistics networks during the past six months, as high-profile digital attacks on prominent businesses have underscored this expanding risk to contemporary enterprises.

Cyber threats climb worry scales for procurement managers

Digital security concerns have advanced the ranking of priorities for procurement managers at hundreds organizations internationally across diverse industries including production, power and IT, according to recent sector analysis conducted in the ninth month.

High-profile cyber incidents cause substantial financial losses

Current cyber attacks at several major businesses have led to financial impacts of tens of millions of pounds, shifting online protection from being primarily the focus of IT departments to becoming a significant preoccupation for senior management and company directors.

The essence of global trade, the way we view global supply chains and the technological supply environment are increasingly linked,

stated a senior sector leader.

International elements compound logistics concerns

In the first half, supply chain managers were particularly anxious about global conflicts, including ongoing disputes in multiple areas, along with commercial regulations that affected international trade.

Nevertheless, online attacks are now competing with geopolitical shocks and trade disagreements as the primary danger for organizations of global business groups.

Research reveals widespread consequences

The survey discovered that 29% of managers reported that organizations within their distribution systems had been attacked by security breaches in previous months.

Significant car manufacturing consequences

A notable car company experienced factory closures and was found itself incapable to build automobiles for a full month, following a cyber-attack that forced the business to disable IT networks across various international locations.

The economic impact of this 30-day production shutdown at the UK's biggest automotive employer has been projected at approximately one hundred twenty million pounds in foregone income, or one point seven billion pounds in foregone income, according to expert assessment from a commercial economics professor.

Latest global cases

In late September, a prominent international drinks manufacturer became the most recent business to be required to stop production at its local plants following a digital breach.

The company, which operates numerous industrial sites in Japan producing beer and additional items, reported that its sales management systems, along with delivery systems and customer service functions, had been interrupted following a network disruption resulting from the cyber-attack.

Expanding interconnectedness generates risks

Businesses are more and more supported by external entities. No longer exist the era of considering an company as an unit working in separation.

Latest prominent cyber-attacks have served as a strong reminder to companies to allocate resources to comprehensive online protection systems, to secure their own operations and preserve customer confidence, encouraging them to investigate how their logistics networks could become likely objectives for hackers.