Almost a third of business leaders observe surge in digital threats on logistics networks

Almost one-third of company heads have observed a marked increase in cyber-attacks targeting their supply chains during the past six months, as recent security incidents on prominent businesses have underscored this growing risk to contemporary enterprises.

Cyber threats climb concern rankings for supply chain executives

Digital security concerns have moved up the ranking of priorities for supply chain executives at numerous organizations internationally across various sectors including production, power and technology, according to current professional survey conducted in September.

Major digital attacks lead to considerable financial losses

Current security breaches at various well-known companies have cost them tens of millions of currency, moving cyber resilience from being mostly the focus of digital security units to becoming a significant concern for corporate boards and senior leaders.

The character of international commerce, the way we consider international logistics networks and the technological distribution framework are progressively interconnected,

stated a leading professional association head.

Global elements add to logistics worries

Earlier this year, procurement executives were especially anxious about international tensions, including ongoing tensions in several regions, along with commercial regulations that weighed on international trade.

Nevertheless, cyber threats are now rivalling geopolitical shocks and tariff disputes as the primary danger for organizations of international trade associations.

Survey shows widespread effect

The survey found that almost one-third of managers stated that businesses within their supply chains had been targeted by cyber incidents in recent months.

Substantial automotive impact

An important automotive manufacturer experienced production shutdowns and was found itself incapable to build automobiles for four weeks, following a cyber-attack that compelled the business to disable IT networks across multiple overseas operations.

The monetary effect of this 30-day production shutdown at the United Kingdom's primary car manufacturer has been calculated at approximately £120 million in lost profits, or £1.7 billion in foregone income, according to expert assessment from a corporate finance academic.

Latest international cases

During the autumn, a prominent Japanese brewing group became the latest business to be forced to cease operations at its local plants following a security incident.

The corporation, which operates numerous industrial sites in its home country producing alcoholic beverages and other products, announced that its order processing capabilities, along with shipping operations and call center functions, had been disrupted following a technical failure resulting from the cyber-attack.

Expanding interconnectedness creates weaknesses

Companies are increasingly enabled by other organizations. Have disappeared the era of viewing an business as an unit working in isolation.

Recent high-profile digital breaches have served as a important lesson to organizations to invest in robust online protection systems, to protect their internal functions and retain customer confidence, leading them to examine how their logistics networks could become likely objectives for hackers.