🔗 Share this article Nearly one-third of corporate bosses report increase in cyber-attacks on logistics networks Almost a third of business executives have witnessed a marked surge in digital intrusions targeting their supply chains during the last six-month period, as recently reported security incidents on major corporations have underscored this expanding threat to today's organizations. Online security issues climb concern rankings for procurement managers Online protection issues have climbed the list of priorities for supply chain executives at numerous companies globally across multiple sectors including industrial, utilities and IT, according to recent sector analysis carried out in September. High-profile digital attacks cause significant economic damage Latest cyber attacks at several major corporations have cost them substantial sums of money, moving cyber resilience from being mostly the responsibility of digital security units to becoming a significant priority for corporate boards and senior leaders. The essence of international commerce, the manner in which we look at global supply chains and the online supply environment are progressively connected, stated a prominent professional association head. International considerations compound supply chain worries Earlier this year, supply chain managers were especially concerned about international tensions, including persistent tensions in several areas, along with trade policies that affected worldwide business. Nevertheless, cyber threats are now competing with geopolitical shocks and trade disagreements as the main risk for members of international trade associations. Research indicates widespread consequences The research discovered that nearly 30% of directors reported that businesses within their logistics networks had been attacked by cyber incidents in the past few months. Substantial vehicle production impact An important vehicle producer experienced factory closures and was unable to build automobiles for an entire month, following a security incident that forced the company to shut down computer systems across multiple overseas operations. The economic impact of this four-week manufacturing halt at Britain's largest vehicle producer has been estimated at approximately £120 million in missed earnings, or £1.7 billion in lost revenues, according to expert assessment from a commercial economics expert. Latest global examples In late September, a major Japanese brewing group became the most recent corporation to be required to cease operations at its domestic factories following a digital breach. The corporation, which operates numerous industrial sites in Japan producing alcoholic beverages and various goods, reported that its sales management systems, along with shipping operations and call center services, had been disrupted following a technical failure triggered by the security breach. Increasing integration creates vulnerabilities Organizations are increasingly supported by other organizations. Have disappeared the times of viewing an organization as an entity working in separation. Latest high-profile cyber-attacks have served as a clear warning to organizations to invest in robust online protection systems, to safeguard their own operations and preserve customer confidence, prompting them to analyze how their distribution systems could become likely objectives for digital attackers.