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Approximately 30% of business executives have observed a noticeable increase in digital intrusions targeting their logistics networks during the past six months, as recently reported security incidents on prominent businesses have highlighted this growing danger to today's organizations.

Online security issues climb concern rankings for procurement managers

Digital security concerns have moved up the hierarchy of concerns for supply chain executives at hundreds businesses worldwide across multiple industries including manufacturing, power and IT, according to current sector analysis carried out in the ninth month.

Major cyber incidents cause significant financial losses

Current digital intrusions at several well-known businesses have resulted in losses of tens of millions of money, moving cyber resilience from being mainly the responsibility of IT departments to becoming a significant concern for executive leadership and senior leaders.

The character of global trade, the manner in which we look at worldwide distribution systems and the online distribution framework are increasingly interconnected,

commented a prominent industry executive.

International elements intensify supply chain concerns

During previous months, procurement executives were particularly worried about geopolitical instability, including continuing conflicts in several areas, along with commercial regulations that weighed on global commerce.

Nonetheless, digital security risks are now competing with global tensions and commercial conflicts as the main threat for organizations of international trade associations.

Research reveals widespread effect

The study revealed that almost one-third of directors reported that organizations within their distribution systems had been attacked by digital attacks in previous months.

Substantial car manufacturing consequences

One prominent vehicle producer experienced manufacturing stoppages and was could not to manufacture cars for a full month, following a security incident that required the company to shut down computer systems across various global facilities.

The financial consequences of this 30-day manufacturing halt at the United Kingdom's primary car manufacturer has been estimated at approximately £120 million in lost profits, or 1.7 billion pounds in lost revenues, according to university research from a business economics expert.

Recent worldwide cases

More recently, a prominent Asian beverage company became the newest corporation to be forced to halt manufacturing at its local plants following a digital breach.

The company, which operates multiple industrial sites in Japan producing drinks and other products, stated that its order processing capabilities, along with distribution activities and customer service services, had been interrupted following a systems outage triggered by the digital intrusion.

Expanding connectivity produces weaknesses

Organizations are increasingly supported by partner companies. No longer exist the era of thinking an business as an operation functioning in separation.

Latest high-profile cyber-attacks have acted as a clear warning to businesses to invest in strong cybersecurity measures, to secure their business activities and retain client faith, encouraging them to investigate how their logistics networks could become potential focus points for hackers.