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Almost 30% of company heads have witnessed a noticeable surge in cyber-attacks targeting their supply chains during the past six months, as high-profile security incidents on well-known companies have highlighted this increasing danger to modern businesses.

Online security issues rise concern rankings for purchasing directors

Digital security concerns have moved up the list of worries for supply chain executives at hundreds businesses internationally across diverse business fields including industrial, power and IT, according to recent industry research conducted in the ninth month.

Major security breaches cause substantial economic damage

Current digital intrusions at various well-known businesses have resulted in losses of substantial sums of pounds, transitioning online protection from being mainly the concern of technology teams to becoming a major priority for senior management and company directors.

The character of worldwide business, how we look at global supply chains and the technological supply environment are ever more linked,

commented a leading sector leader.

Global elements add to logistics worries

Earlier this year, supply chain managers were particularly worried about geopolitical instability, including continuing tensions in multiple regions, along with trade policies that affected global commerce.

However, cyber threats are now competing with geopolitical shocks and commercial conflicts as the most significant risk for members of international trade associations.

Research shows extensive effect

The survey revealed that nearly 30% of managers stated that organizations within their logistics networks had been attacked by cyber incidents in recent months.

Significant vehicle production consequences

A notable vehicle producer experienced manufacturing stoppages and was could not to manufacture cars for an entire month, following a digital breach that forced the organization to shut down computer systems across various global facilities.

The financial consequences of this four-week manufacturing halt at Britain's largest vehicle producer has been projected at approximately one hundred twenty million pounds in lost profits, or 1.7 billion pounds in missed sales, according to expert assessment from a business economics academic.

Recent worldwide cases

During the autumn, a prominent Asian beverage company became the most recent business to be compelled to cease operations at its home country facilities following a digital breach.

The corporation, which operates multiple manufacturing plants in the Asian nation producing alcoholic beverages and other products, reported that its transaction handling functions, along with shipping operations and client support services, had been disrupted following a technical failure triggered by the security breach.

Expanding interconnectedness produces weaknesses

Businesses are progressively supported by partner companies. Have disappeared the era of thinking an company as an unit operating in independence.

Latest high-profile digital breaches have acted as a clear warning to organizations to devote funding to comprehensive cybersecurity measures, to secure their business activities and preserve consumer trust, leading them to analyze how their supply chains could become likely objectives for digital attackers.