Almost one-third of company executives report surge in online breaches on supply chains

Roughly a third of company heads have witnessed a noticeable rise in digital intrusions targeting their logistics networks during the past six months, as recently reported cyber breaches on major corporations have underscored this growing threat to today's organizations.

Cyber threats move up priority lists for supply chain executives

Cybersecurity threats have advanced the list of worries for purchasing directors at numerous businesses globally across multiple industries including manufacturing, utilities and IT, according to latest professional survey carried out in early autumn.

High-profile cyber incidents result in significant monetary impacts

Recent security breaches at various major businesses have resulted in losses of substantial sums of money, moving online protection from being mostly the concern of technology teams to becoming a significant concern for corporate boards and top executives.

The character of worldwide business, how we consider global supply chains and the technological supply environment are increasingly linked,

remarked a prominent professional association head.

Global considerations intensify supply chain anxieties

In the first half, procurement executives were especially concerned about geopolitical instability, including persistent conflicts in various areas, along with commercial regulations that impacted worldwide business.

Nevertheless, cyber threats are now rivalling geopolitical shocks and tariff disputes as the primary threat for participants of worldwide commercial organizations.

Research reveals widespread consequences

The survey revealed that almost one-third of directors stated that companies within their supply chains had been targeted by cyber incidents in the past few months.

Major automotive impact

One prominent vehicle producer experienced factory closures and was found itself incapable to produce vehicles for a full month, following a digital breach that forced the company to disable computer systems across several global facilities.

The economic impact of this 30-day factory closure at the UK's biggest automotive employer has been calculated at approximately 120 million pounds in foregone income, or 1.7 billion pounds in lost revenues, according to expert assessment from a commercial economics academic.

Latest worldwide cases

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 digital breach.

The company, which operates several manufacturing plants in Japan producing beer and additional items, reported that its order processing capabilities, along with delivery systems and call center services, had been halted following a systems outage caused by the security breach.

Expanding connectivity generates risks

Businesses are increasingly supported by other organizations. No longer exist the times of thinking an business as an unit working in separation.

Latest high-profile digital breaches have acted as a important lesson to organizations to allocate resources to comprehensive online protection systems, to protect their business activities and retain client faith, leading them to examine how their supply chains could become likely focus points for digital attackers.

Wendy Johnson
Wendy Johnson

An avid hiker and travel writer with a passion for exploring Italy's hidden natural gems and sharing outdoor adventures.