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Almost one-third of corporate leaders have witnessed a noticeable surge in digital intrusions targeting their distribution systems during the previous half-year, as high-profile security incidents on well-known companies have emphasized this growing risk to modern businesses.

Cyber threats climb priority lists for procurement managers

Online protection issues have advanced the list of concerns for procurement managers at numerous organizations internationally across various industries including production, power and tech, according to latest industry research conducted in September.

Major digital attacks lead to considerable economic damage

Latest cyber attacks at various prominent businesses have resulted in losses of substantial sums of currency, transitioning cyber resilience from being mainly the responsibility of IT departments to becoming a major priority for corporate boards and top executives.

The nature of worldwide business, the manner in which we view worldwide distribution systems and the online supply environment are increasingly linked,

commented a prominent industry executive.

Geopolitical elements intensify supply chain worries

During previous months, purchasing directors were especially worried about global conflicts, including persistent tensions in multiple areas, along with international tariff measures that weighed on global commerce.

Nevertheless, online attacks are now competing with geopolitical shocks and tariff disputes as the most significant threat for organizations of global business groups.

Study reveals extensive effect

The survey discovered that almost one-third of directors indicated that businesses within their distribution systems had been targeted by security breaches in recent months.

Major car manufacturing impact

One prominent automotive manufacturer experienced production shutdowns and was could not to manufacture cars for four weeks, following a security incident that required the business to turn off computer systems across various global facilities.

The monetary effect of this 30-day factory closure at the United Kingdom's primary automotive employer has been estimated at approximately 120 million pounds in lost profits, or 1.7 billion pounds in missed sales, according to academic analysis from a corporate finance expert.

Current global incidents

During the autumn, a prominent international drinks manufacturer became the latest organization to be forced to halt manufacturing at its local plants following a cyber-attack.

The corporation, which maintains several manufacturing plants in Japan producing beer and additional items, reported that its sales management systems, along with delivery systems and customer service services, had been halted following a systems outage caused by the security breach.

Increasing interconnectedness generates weaknesses

Businesses are more and more enabled by other organizations. No longer exist the era of viewing an organization as an unit working in isolation.

Recent prominent security incidents have acted as a important lesson to companies to allocate resources to comprehensive cybersecurity measures, to safeguard their internal functions and retain client faith, prompting them to examine how their distribution systems could become likely focus points for cyber criminals.