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Approximately 30% of corporate leaders have reported a significant surge in cyber-attacks targeting their distribution systems during the past six months, as recent cyber breaches on prominent businesses have highlighted this expanding threat to today's organizations.

Online security issues rise worry scales for purchasing directors

Cybersecurity threats have advanced the ranking of priorities for supply chain executives at multiple businesses worldwide across various industries including production, power and technology, according to recent sector analysis performed in September.

Prominent security breaches result in significant monetary impacts

Latest security breaches at several well-known companies have led to financial impacts of millions of currency, moving online protection from being mainly the responsibility of IT departments to becoming a major priority for corporate boards and company directors.

The essence of international commerce, how we look at international logistics networks and the online logistics landscape are ever more linked,

stated a leading sector leader.

Geopolitical considerations compound logistics worries

During previous months, purchasing directors were especially concerned about international tensions, including continuing tensions in multiple regions, along with trade policies that affected global commerce.

Nonetheless, cyber threats are now matching global tensions and trade disagreements as the most significant risk for organizations of worldwide commercial organizations.

Research reveals broad impact

The study discovered that 29% of managers indicated that businesses within their distribution systems had been targeted by cyber incidents in previous months.

Substantial vehicle production consequences

A notable vehicle producer experienced manufacturing stoppages and was found itself incapable to manufacture cars for an entire month, following a cyber-attack that required the business to disable computer systems across multiple international locations.

The financial consequences of this month-long production shutdown at the UK's biggest vehicle producer has been estimated at approximately £120 million in lost profits, or £1.7 billion in lost revenues, according to university research from a corporate finance academic.

Latest global incidents

More recently, a well-known Asian beverage company became the latest business to be forced to halt manufacturing at its domestic factories following a cyber-attack.

The organization, which maintains several industrial sites in the Asian nation producing alcoholic beverages and additional items, reported that its sales management systems, along with delivery systems and client support operations, had been halted following a systems outage caused by the cyber-attack.

Expanding integration generates weaknesses

Companies are more and more enabled by partner companies. Have disappeared the era of thinking an business as an unit functioning in isolation.

Recent major digital breaches have served as a important lesson to businesses to devote funding to comprehensive cybersecurity measures, to secure their internal functions and preserve client faith, prompting them to examine how their logistics networks could become potential targets for cyber criminals.