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Almost one-third of company heads have witnessed a noticeable increase in cyber-attacks targeting their distribution systems during the previous half-year, as recent cyber breaches on major corporations have underscored this growing threat to today's organizations.

Cyber threats move up priority lists for purchasing directors

Cybersecurity threats have advanced the ranking of concerns for supply chain executives at multiple businesses worldwide across multiple sectors including production, energy and IT, according to latest professional survey carried out in the ninth month.

Major security breaches lead to considerable economic damage

Current security breaches at multiple major corporations have led to financial impacts of millions of currency, shifting online protection from being mainly the responsibility of digital security units to becoming a primary concern for senior management and top executives.

The nature of international commerce, the manner in which we view international logistics networks and the technological logistics landscape are ever more interconnected,

commented a leading sector leader.

Global considerations intensify distribution concerns

In the first half, supply chain managers were especially worried about global conflicts, including ongoing conflicts in various parts of the world, along with commercial regulations that impacted international trade.

Nonetheless, cyber threats are now rivalling global tensions and commercial conflicts as the most significant danger for organizations of international trade associations.

Research reveals widespread effect

The research revealed that 29% of managers indicated that companies within their supply chains had been targeted by security breaches in the past few months.

Major car manufacturing consequences

One prominent automotive manufacturer experienced factory closures and was found itself incapable to produce vehicles for a full month, following a digital breach that compelled the company to disable IT networks across several overseas operations.

The monetary effect of this 30-day factory closure at the United Kingdom's primary automotive employer has been calculated at approximately 120 million pounds in foregone income, or one point seven billion pounds in missed sales, according to academic analysis from a business economics academic.

Recent global cases

During the autumn, a major Asian beverage company became the newest corporation to be required to halt manufacturing at its home country facilities following a cyber-attack.

The corporation, which maintains several industrial sites in Japan producing drinks and various goods, announced that its order processing capabilities, along with delivery systems and call center operations, had been disrupted following a network disruption resulting from the cyber-attack.

Growing connectivity creates vulnerabilities

Companies are progressively supported by external entities. No longer exist the era of viewing an business as an entity functioning in isolation.

Recent prominent security incidents have functioned as a important lesson to businesses to allocate resources to comprehensive cybersecurity measures, to secure their internal functions and maintain customer confidence, leading them to investigate how their logistics networks could become potential objectives for hackers.