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Approximately 30% of business executives have witnessed a marked surge in digital intrusions targeting their logistics networks during the previous half-year, as recently reported digital attacks on well-known companies have highlighted this expanding threat to modern businesses.

Digital risks climb concern rankings for procurement managers

Digital security concerns have advanced the list of concerns for procurement managers at numerous organizations internationally across various business fields including manufacturing, energy and technology, according to latest professional survey carried out in the ninth month.

High-profile cyber incidents result in significant monetary impacts

Recent security breaches at various well-known corporations have led to financial impacts of tens of millions of currency, shifting cyber resilience from being primarily the concern of digital security units to becoming a major priority for senior management and company directors.

The essence of worldwide business, how we view global supply chains and the online logistics landscape are increasingly interconnected,

stated a prominent sector leader.

Global elements compound distribution worries

In the first half, supply chain managers were particularly worried about international tensions, including ongoing conflicts in various regions, along with commercial regulations that impacted international trade.

Nonetheless, cyber threats are now competing with international conflicts and trade disagreements as the most significant risk for organizations of global business groups.

Study indicates widespread impact

The study discovered that 29% of directors reported that organizations within their distribution systems had been compromised by digital attacks in the past few months.

Substantial automotive effects

One prominent vehicle producer experienced factory closures and was unable to manufacture cars for four weeks, following a security incident that forced the business to disable IT networks across various overseas operations.

The financial consequences of this month-long manufacturing halt at Britain's largest vehicle producer has been projected at approximately £120 million in missed earnings, or one point seven billion pounds in foregone income, according to expert assessment from a corporate finance academic.

Latest global examples

In late September, a major Asian beverage company became the latest organization to be required to cease operations at its local plants following a security incident.

The company, which operates numerous manufacturing plants in its home country producing alcoholic beverages and other products, stated that its order processing capabilities, along with distribution activities and call center functions, had been halted following a network disruption caused by the security breach.

Increasing integration generates risks

Businesses are more and more supported by external entities. Have disappeared the era of viewing an organization as an entity functioning in separation.

Recent prominent digital breaches have served as a clear warning to businesses to devote funding to comprehensive digital defences, to protect their internal functions and retain consumer trust, prompting them to analyze how their supply chains could become likely focus points for digital attackers.