🔗 Share this article Almost 30% of business leaders note increase in digital threats on logistics networks Roughly a third of business executives have witnessed a noticeable rise in online breaches targeting their logistics networks during the last six-month period, as recently reported cyber breaches on major corporations have highlighted this increasing danger to contemporary enterprises. Online security issues rise worry scales for procurement managers Digital security concerns have climbed the hierarchy of priorities for procurement managers at multiple businesses internationally across multiple business fields including industrial, utilities and IT, according to latest professional survey conducted in the ninth month. High-profile security breaches lead to considerable financial losses Current digital intrusions at multiple major companies have cost them tens of millions of currency, transitioning digital security from being primarily the concern of digital security units to becoming a significant preoccupation for senior management and senior leaders. The essence of global trade, how we consider global supply chains and the technological distribution framework are ever more linked, stated a prominent industry executive. Global considerations intensify supply chain worries Earlier this year, procurement executives were notably concerned about geopolitical instability, including continuing conflicts in various areas, along with trade policies that weighed on global commerce. However, cyber threats are now rivalling global tensions and commercial conflicts as the main risk for organizations of international trade associations. Research indicates extensive consequences The research discovered that nearly 30% of managers indicated that organizations within their distribution systems had been attacked by cyber incidents in recent months. Significant vehicle production effects An important vehicle producer experienced production shutdowns and was could not to produce vehicles for an entire month, following a security incident that compelled the business to turn off digital infrastructure across multiple international locations. The monetary effect of this four-week production shutdown at the United Kingdom's primary vehicle producer has been estimated at approximately £120 million in missed earnings, or 1.7 billion pounds in missed sales, according to academic analysis from a commercial economics academic. Recent worldwide incidents During the autumn, a major international drinks manufacturer became the most recent organization to be required to halt manufacturing at its home country facilities following a digital breach. The company, which operates several production facilities in Japan producing drinks and other products, announced that its order processing capabilities, along with delivery systems and call center operations, had been interrupted following a technical failure caused by the digital intrusion. Increasing connectivity produces weaknesses Organizations are progressively assisted by partner companies. No longer exist the era of thinking an organization as an unit operating in separation. Latest major digital breaches have functioned as a clear warning to companies to invest in strong cybersecurity measures, to secure their business activities and maintain customer confidence, encouraging them to investigate how their logistics networks could become potential focus points for digital attackers.