🔗 Share this article Approximately one-third of business leaders report increase in digital threats on supply chains Almost one-third of corporate leaders have observed a noticeable increase in online breaches targeting their distribution systems during the last six-month period, as high-profile cyber breaches on prominent businesses have underscored this expanding threat to modern businesses. Digital risks move up concern rankings for supply chain executives Cybersecurity threats have climbed the ranking of priorities for purchasing directors at hundreds organizations worldwide across multiple business fields including manufacturing, energy and IT, according to current industry research performed in September. Prominent security breaches lead to considerable financial losses Recent cyber attacks at multiple prominent companies have resulted in losses of tens of millions of currency, transitioning digital security from being mainly the concern of technology teams to becoming a significant preoccupation for corporate boards and senior leaders. The character of global trade, the way we view international logistics networks and the digital supply environment are progressively connected, stated a prominent industry executive. International considerations add to distribution concerns Earlier this year, procurement executives were especially worried about international tensions, including continuing conflicts in various regions, along with international tariff measures that weighed on global commerce. However, digital security risks are now matching international conflicts and trade disagreements as the main danger for organizations of global business groups. Study shows extensive effect The study revealed that nearly 30% of directors stated that organizations within their logistics networks had been targeted by digital attacks in recent months. Major car manufacturing impact One prominent vehicle producer experienced factory closures and was unable to manufacture cars for a full month, following a security incident that forced the company to shut down IT networks across various global facilities. The financial consequences 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 £1.7 billion in foregone income, according to university research from a commercial economics academic. Current global cases More recently, a prominent international drinks manufacturer became the newest organization to be forced to halt manufacturing at its domestic factories following a cyber-attack. The organization, which operates numerous manufacturing plants in the Asian nation producing alcoholic beverages and various goods, announced that its sales management systems, along with distribution activities and customer service services, had been interrupted following a technical failure resulting from the security breach. Increasing connectivity creates vulnerabilities Businesses are progressively enabled by other organizations. No longer exist the days of viewing an business as an entity working in independence. Latest major cyber-attacks have acted as a clear warning to companies to devote funding to comprehensive digital defences, to safeguard their business activities and preserve client faith, encouraging them to examine how their supply chains could become potential objectives for digital attackers.