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Almost 30% of business executives have reported a noticeable increase in cyber-attacks targeting their supply chains during the past six months, as recent digital attacks on well-known companies have underscored this growing threat to today's organizations.

Digital risks climb concern rankings for supply chain executives

Cybersecurity threats have advanced the list of worries for purchasing directors at multiple businesses globally across multiple industries including manufacturing, power and tech, according to recent sector analysis performed in September.

Major digital attacks result in considerable economic damage

Latest digital intrusions at several major companies have resulted in losses of tens of millions of currency, transitioning online protection from being mostly the focus of digital security units to becoming a significant preoccupation for senior management and company directors.

The nature of worldwide business, how we consider international logistics networks and the technological logistics landscape are ever more interconnected,

commented a senior industry executive.

Global elements intensify supply chain worries

In the first half, purchasing directors were especially concerned about international tensions, including persistent conflicts in various parts of the world, along with international tariff measures that weighed on global commerce.

However, digital security risks are now competing with geopolitical shocks and commercial conflicts as the primary threat for participants of international trade associations.

Survey reveals broad effect

The research found that almost one-third of executives indicated that businesses within their distribution systems had been attacked by digital attacks in previous months.

Substantial car manufacturing impact

An important automotive manufacturer experienced manufacturing stoppages and was found itself incapable to produce vehicles for four weeks, following a digital breach that forced the business to shut down computer systems across multiple overseas operations.

The economic impact of this 30-day production shutdown at the UK's biggest car manufacturer has been projected at approximately £120 million in lost profits, or one point seven billion pounds in foregone income, according to university research from a commercial economics expert.

Recent international examples

During the autumn, a major Japanese brewing group became the most recent corporation to be forced to halt manufacturing at its domestic factories following a security incident.

The company, which maintains multiple industrial sites in its home country producing beer and various goods, reported that its transaction handling functions, along with delivery systems and call center operations, had been disrupted following a network disruption triggered by the cyber-attack.

Growing integration produces vulnerabilities

Businesses are progressively enabled by external entities. Have disappeared the times of considering an organization as an entity functioning in independence.

Current prominent digital breaches have served as a important lesson to organizations to devote funding to strong cybersecurity measures, to protect their business activities and maintain client faith, encouraging them to analyze how their distribution systems could become possible focus points for digital attackers.