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Almost a third of company heads have witnessed a marked surge in online breaches targeting their logistics networks during the past six months, as high-profile security incidents on major corporations have underscored this increasing danger to modern businesses.

Cyber threats move up concern rankings for purchasing directors

Cybersecurity threats have climbed the list of priorities for procurement managers at multiple businesses internationally across various business fields including manufacturing, energy and tech, according to current industry research carried out in September.

Major cyber incidents lead to significant financial losses

Latest cyber attacks at multiple prominent businesses have resulted in losses of substantial sums of currency, moving online protection from being mostly the responsibility of technology teams to becoming a major priority for executive leadership and company directors.

The nature of international commerce, the manner in which we view worldwide distribution systems and the online distribution framework are increasingly connected,

commented a senior professional association head.

International elements add to logistics anxieties

Earlier this year, procurement executives were particularly anxious about international tensions, including persistent tensions in several regions, along with trade policies that weighed on global commerce.

Nonetheless, online attacks are now matching international conflicts and commercial conflicts as the primary danger for members of international trade associations.

Study shows extensive impact

The study discovered that 29% of directors indicated that companies within their logistics networks had been targeted by cyber incidents in the past few months.

Major car manufacturing consequences

An important car company experienced manufacturing stoppages and was could not to manufacture cars for four weeks, following a security incident that compelled the company to shut down digital infrastructure across various international locations.

The monetary effect of this four-week manufacturing halt at Britain's largest automotive employer has been projected at approximately £120 million in lost profits, or 1.7 billion pounds in missed sales, according to expert assessment from a business economics professor.

Current global examples

In late September, a major international drinks manufacturer became the most recent corporation to be compelled to cease operations at its local plants following a security incident.

The company, which operates multiple industrial sites in Japan producing alcoholic beverages and various goods, stated that its order processing capabilities, along with shipping operations and client support operations, had been interrupted following a systems outage resulting from the cyber-attack.

Increasing connectivity creates risks

Companies are progressively assisted by partner companies. No longer exist the times of thinking an company as an entity working in separation.

Recent high-profile digital breaches have served as a clear warning to organizations to invest in strong cybersecurity measures, to safeguard their internal functions and maintain consumer trust, prompting them to examine how their logistics networks could become potential objectives for digital attackers.