Almost 30% of company executives report increase in cyber-attacks on distribution systems

Almost a third of company heads have observed a noticeable rise in digital intrusions targeting their distribution systems during the past six months, as recently reported security incidents on prominent businesses have highlighted this increasing threat to today's organizations.

Cyber threats rise worry scales for purchasing directors

Online protection issues have advanced the ranking of concerns for supply chain executives at multiple businesses internationally across diverse industries including manufacturing, utilities and technology, according to recent industry research performed in September.

High-profile digital attacks lead to considerable monetary impacts

Recent security breaches at various well-known corporations have led to financial impacts of millions of money, moving cyber resilience from being mostly the focus of IT departments to becoming a major concern for executive leadership and top executives.

The character of international commerce, how we view international logistics networks and the technological supply environment are increasingly linked,

remarked a prominent sector leader.

International factors add to logistics anxieties

During previous months, purchasing directors were especially anxious about geopolitical instability, including persistent conflicts in multiple regions, along with trade policies that affected worldwide business.

However, cyber threats are now competing with global tensions and trade disagreements as the main risk for participants of international trade associations.

Study reveals broad impact

The survey found that almost one-third of directors stated that businesses within their distribution systems had been compromised by security breaches in previous months.

Substantial automotive impact

An important vehicle producer experienced factory closures and was could not to build automobiles for four weeks, following a security incident that required the organization to turn off IT networks across multiple global facilities.

The monetary effect of this month-long manufacturing halt at the UK's biggest car manufacturer has been calculated at approximately 120 million pounds in missed earnings, or 1.7 billion pounds in foregone income, according to academic analysis from a business economics academic.

Current global incidents

During the autumn, a well-known Asian beverage company became the newest business to be forced to halt manufacturing at its home country facilities following a digital breach.

The company, which operates multiple production facilities in the Asian nation producing beer and additional items, announced that its transaction handling functions, along with shipping operations and client support operations, had been halted following a systems outage triggered by the digital intrusion.

Increasing connectivity produces risks

Businesses are more and more supported by external entities. Gone are the times of considering an company as an unit working in isolation.

Latest prominent security incidents have acted as a strong reminder to organizations to invest in strong online protection systems, to secure their own operations and retain customer confidence, encouraging them to analyze how their logistics networks could become possible focus points for hackers.