🔗 Share this article Almost 30% of company executives note rise in digital threats on distribution systems Roughly a third of business executives have observed a noticeable rise in cyber-attacks targeting their distribution systems during the last six-month period, as recently reported cyber breaches on well-known companies have emphasized this growing danger to modern businesses. Online security issues climb concern rankings for procurement managers Cybersecurity threats have climbed the hierarchy of priorities for purchasing directors at multiple businesses worldwide across various industries including manufacturing, utilities and tech, according to recent professional survey carried out in early autumn. Major cyber incidents result in considerable economic damage Recent digital intrusions at several major corporations have cost them millions of currency, moving online protection from being primarily the concern of IT departments to becoming a significant concern for corporate boards and company directors. The character of worldwide business, how we look at international logistics networks and the online logistics landscape are ever more connected, remarked a prominent professional association head. Global factors compound logistics concerns Earlier this year, supply chain managers were particularly concerned about geopolitical instability, including ongoing disputes in multiple areas, along with international tariff measures that affected global commerce. Nevertheless, cyber threats are now competing with international conflicts and trade disagreements as the primary risk for participants of international trade associations. Survey reveals broad consequences The survey found that almost one-third of executives reported that organizations within their distribution systems had been compromised by cyber incidents in recent months. Substantial car manufacturing impact An important vehicle producer experienced factory closures and was found itself incapable to produce vehicles for an entire month, following a security incident that required the company to disable IT networks across multiple overseas operations. The financial consequences of this four-week production shutdown at Britain's largest car manufacturer has been estimated at approximately one hundred twenty million pounds in foregone income, or £1.7 billion in lost revenues, according to expert assessment from a business economics academic. Current global incidents During the autumn, a prominent Japanese brewing group became the most recent business to be compelled to cease operations at its home country facilities following a digital breach. The corporation, which manages several industrial sites in the Asian nation producing alcoholic beverages and additional items, announced that its sales management systems, along with shipping operations and customer service services, had been disrupted following a network disruption triggered by the security breach. Expanding connectivity creates risks Businesses are increasingly enabled by external entities. Gone are the days of considering an organization as an unit functioning in isolation. Latest high-profile cyber-attacks have functioned as a strong reminder to companies to devote funding to comprehensive online protection systems, to safeguard their own operations and maintain consumer trust, leading them to examine how their logistics networks could become likely targets for hackers.