Approximately a third of business leaders report increase in cyber-attacks on supply chains
Approximately a third of company heads have observed a noticeable increase in online breaches targeting their supply chains during the previous half-year, as high-profile security incidents on well-known companies have underscored this increasing danger to today's organizations.
Digital risks climb concern rankings for supply chain executives
Digital security concerns have climbed the hierarchy of worries for supply chain executives at multiple companies internationally across diverse industries including industrial, energy and IT, according to current sector analysis conducted in September.
Prominent cyber incidents result in significant financial losses
Latest cyber attacks at various prominent companies have cost them tens of millions of pounds, moving cyber resilience from being mostly the focus of IT departments to becoming a primary concern for senior management and senior leaders.
The character of international commerce, the way we look at international logistics networks and the digital logistics landscape are increasingly connected,
commented a prominent sector leader.
Global factors add to distribution anxieties
In the first half, purchasing directors were especially concerned about international tensions, including ongoing disputes in various parts of the world, along with commercial regulations that affected international trade.
Nevertheless, digital security risks are now matching geopolitical shocks and tariff disputes as the main danger for participants of worldwide commercial organizations.
Survey reveals widespread consequences
The research found that 29% of managers indicated that companies within their distribution systems had been targeted by security breaches in previous months.
Substantial vehicle production consequences
One prominent vehicle producer experienced production shutdowns and was found itself incapable to manufacture cars for an entire month, following a cyber-attack that forced the business to shut down IT networks across various international locations.
The financial consequences of this month-long manufacturing halt at the UK's biggest car manufacturer has been calculated at approximately one hundred twenty million pounds in missed earnings, or £1.7 billion in missed sales, according to expert assessment from a corporate finance expert.
Current global incidents
During the autumn, a prominent international drinks manufacturer became the newest organization to be compelled to halt manufacturing at its local plants following a cyber-attack.
The corporation, which maintains numerous production facilities in its home country producing beer and various goods, announced that its transaction handling functions, along with delivery systems and call center operations, had been interrupted following a network disruption resulting from the cyber-attack.
Expanding interconnectedness creates vulnerabilities
Organizations are more and more supported by other organizations. Gone are the days of considering an organization as an operation functioning in separation.
Recent major cyber-attacks have functioned as a clear warning to businesses to devote funding to comprehensive digital defences, to secure their business activities and preserve customer confidence, prompting them to examine how their distribution systems could become likely targets for digital attackers.
