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Almost 30% of business executives have observed a significant surge in cyber-attacks targeting their supply chains during the last six-month period, as recent cyber breaches on major corporations have highlighted this increasing risk to contemporary enterprises.

Cyber threats rise worry scales for procurement managers

Digital security concerns have climbed the ranking of concerns for procurement managers at hundreds companies worldwide across multiple sectors including production, energy and technology, according to current professional survey conducted in the ninth month.

Major cyber incidents result in considerable financial losses

Latest digital intrusions at multiple major companies have led to financial impacts of tens of millions of currency, shifting online protection from being primarily the concern of digital security units to becoming a significant preoccupation for executive leadership and top executives.

The character of global trade, the manner in which we view global supply chains and the technological logistics landscape are progressively interconnected,

stated a prominent sector leader.

Geopolitical factors add to supply chain worries

Earlier this year, purchasing directors were especially concerned about geopolitical instability, including persistent tensions in several parts of the world, along with commercial regulations that impacted global commerce.

However, cyber threats are now matching geopolitical shocks and tariff disputes as the main danger for organizations of global business groups.

Study indicates extensive impact

The research found that nearly 30% of directors reported that businesses within their supply chains had been compromised by digital attacks in the past few months.

Substantial automotive consequences

An important car company experienced manufacturing stoppages and was unable to produce vehicles for a full month, following a digital breach that compelled the company to disable computer systems across several overseas operations.

The economic impact of this month-long factory closure at Britain's largest vehicle producer has been estimated at approximately £120 million in lost profits, or £1.7 billion in missed sales, according to academic analysis from a corporate finance academic.

Current global cases

More recently, a prominent Asian beverage company became the most recent corporation to be required to halt manufacturing at its local plants following a security incident.

The company, which operates several production facilities in its home country producing beer and various goods, stated that its transaction handling functions, along with distribution activities and client support operations, had been halted following a technical failure triggered by the security breach.

Increasing interconnectedness produces vulnerabilities

Organizations are more and more supported by external entities. Have disappeared the era of viewing an company as an operation working in independence.

Latest major cyber-attacks have acted as a strong reminder to companies to invest in robust digital defences, to safeguard their business activities and maintain client faith, prompting them to analyze how their supply chains could become potential focus points for digital attackers.