🔗 Share this article Approximately 30% of company executives note rise in cyber-attacks on supply chains Almost one-third of company heads have witnessed a significant increase in cyber-attacks targeting their distribution systems during the previous half-year, as recent security incidents on major corporations have emphasized this increasing threat to contemporary enterprises. Digital risks move up priority lists for supply chain executives Online protection issues have moved up the hierarchy of priorities for purchasing directors at multiple organizations globally across diverse sectors including manufacturing, power and tech, according to recent sector analysis conducted in the ninth month. High-profile digital attacks cause significant monetary impacts Latest security breaches at several well-known businesses have led to financial impacts of millions of currency, moving digital security from being primarily the responsibility of digital security units to becoming a primary preoccupation for executive leadership and top executives. The nature of international commerce, how we consider global supply chains and the digital logistics landscape are progressively interconnected, commented a prominent industry executive. Geopolitical considerations compound supply chain anxieties During previous months, supply chain managers were especially worried about global conflicts, including ongoing tensions in multiple parts of the world, along with international tariff measures that impacted worldwide business. Nevertheless, digital security risks are now rivalling international conflicts and trade disagreements as the primary risk for participants of global business groups. Survey reveals widespread consequences The survey revealed that almost one-third of managers indicated that organizations within their logistics networks had been attacked by security breaches in previous months. Major automotive effects One prominent automotive manufacturer experienced production shutdowns and was unable to produce vehicles for four weeks, following a cyber-attack that required the business to shut down digital infrastructure across various international locations. The monetary effect of this four-week factory closure at Britain's largest vehicle producer has been calculated at approximately £120 million in missed earnings, or 1.7 billion pounds in foregone income, according to university research from a business economics academic. Current global cases More recently, a well-known Japanese brewing group became the most recent organization to be forced to halt manufacturing at its local plants following a digital breach. The company, which maintains several industrial sites in its home country producing beer and additional items, announced that its transaction handling functions, along with distribution activities and call center functions, had been disrupted following a technical failure caused by the digital intrusion. Increasing interconnectedness creates vulnerabilities Organizations are progressively assisted by external entities. Have disappeared the days of viewing an organization as an entity functioning in independence. Current high-profile digital breaches have acted as a clear warning to businesses to invest in strong digital defences, to protect their business activities and maintain client faith, prompting them to analyze how their logistics networks could become likely objectives for cyber criminals.