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Roughly a third of corporate leaders have reported a noticeable rise in online breaches targeting their logistics networks during the last six-month period, as recently reported cyber breaches on prominent businesses have underscored this growing threat to modern businesses.

Cyber threats rise priority lists for procurement managers

Digital security concerns have advanced the ranking of concerns for purchasing directors at numerous companies internationally across diverse sectors including industrial, power and technology, according to recent professional survey carried out in early autumn.

Major cyber incidents result in significant financial losses

Current digital intrusions at various major corporations have led to financial impacts of millions of currency, transitioning digital security from being mostly the focus of digital security units to becoming a significant priority for senior management and senior leaders.

The character of international commerce, how we consider international logistics networks and the digital logistics landscape are progressively connected,

commented a prominent sector leader.

International factors intensify distribution concerns

Earlier this year, supply chain managers were especially anxious about geopolitical instability, including ongoing conflicts in various regions, along with international tariff measures that weighed on international trade.

Nonetheless, cyber threats are now rivalling international conflicts and commercial conflicts as the main risk for organizations of international trade associations.

Research shows widespread impact

The research found that nearly 30% of executives stated that businesses within their logistics networks had been compromised by cyber incidents in previous months.

Major vehicle production impact

An important car company experienced manufacturing stoppages and was could not to produce vehicles for an entire month, following a digital breach that required the business to turn off IT networks across several global facilities.

The financial consequences of this 30-day factory closure at the United Kingdom's primary vehicle producer has been projected at approximately 120 million pounds in missed earnings, or £1.7 billion in lost revenues, according to expert assessment from a corporate finance professor.

Latest worldwide cases

More recently, a well-known international drinks manufacturer became the most recent business to be forced to stop production at its local plants following a cyber-attack.

The corporation, which operates numerous manufacturing plants in its home country producing beer and various goods, stated that its sales management systems, along with shipping operations and client support operations, had been halted following a systems outage triggered by the security breach.

Expanding interconnectedness generates risks

Companies are more and more enabled by external entities. Have disappeared the era of thinking an company as an unit operating in isolation.

Latest prominent digital breaches have served as a important lesson to businesses to devote funding to robust cybersecurity measures, to safeguard their internal functions and maintain consumer trust, leading them to examine how their logistics networks could become likely objectives for digital attackers.