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Almost one-third of corporate leaders have witnessed a marked rise in digital intrusions targeting their supply chains during the last six-month period, as recently reported cyber breaches on prominent businesses have highlighted this increasing threat to modern businesses.

Online security issues climb priority lists for procurement managers

Digital security concerns have advanced the ranking of worries for supply chain executives at numerous businesses globally across various business fields including production, energy and tech, according to latest sector analysis conducted in September.

High-profile digital attacks cause significant financial losses

Latest security breaches at various prominent companies have resulted in losses of tens of millions of currency, shifting online protection from being mainly the focus of technology teams to becoming a major concern for executive leadership and top executives.

The nature of international commerce, the way we consider global supply chains and the online logistics landscape are increasingly connected,

remarked a leading professional association head.

Geopolitical elements intensify supply chain anxieties

During previous months, purchasing directors were notably anxious about international tensions, including continuing disputes in various regions, along with international tariff measures that affected global commerce.

Nonetheless, online attacks are now matching international conflicts and tariff disputes as the main risk for members of international trade associations.

Survey reveals extensive effect

The study found that almost one-third of executives reported that organizations within their logistics networks had been targeted by security breaches in recent months.

Significant car manufacturing impact

An important vehicle producer experienced production shutdowns and was unable to build automobiles for a full month, following a digital breach that compelled the organization to disable computer systems across multiple global facilities.

The financial consequences of this 30-day factory closure at Britain's largest automotive employer has been projected at approximately 120 million pounds in foregone income, or one point seven billion pounds in lost revenues, according to academic analysis from a commercial economics academic.

Current international examples

More recently, a major Asian beverage company became the latest organization to be forced to halt manufacturing at its home country facilities following a digital breach.

The company, which maintains multiple manufacturing plants in its home country producing drinks and other products, announced that its transaction handling functions, along with shipping operations and call center functions, had been interrupted following a systems outage caused by the digital intrusion.

Increasing interconnectedness generates weaknesses

Businesses are more and more supported by other organizations. No longer exist the era of thinking an business as an operation functioning in separation.

Latest prominent cyber-attacks have served as a strong reminder to organizations to devote funding to strong online protection systems, to protect their internal functions and retain customer confidence, leading them to investigate how their supply chains could become possible focus points for cyber criminals.