21 June 2011 | Lindsay Clark
should take the prospect of cyber attacks affecting their supply chains
seriously, a report has warned.
A survey from PricewaterhouseCooper’s the Transport & Logistics' 2030series: Securingthe Supply Chain, says cyber attacks are becoming so sophisticated that any
business could fall victim. Those surveyed were even more concerned with hacker
attacks affecting their supply chains than they were actual physical attacks, including
piracy and terrorism.
Ruske, partner and global transportation and logistics industry leader at PwC,
said: “The supply relationships between producers, suppliers and consumers have
become more complex and more accident-sensitive in the past few years. Today,
90 per cent of the worldwide trading volume is concentrating on about 39
gateway regions. If only a single one of these hubs fails, the economic
consequences could be enormous after just a short period of time and affect
most economies around the globe.
“As a consequence of the increasing threat, the transportation and logistics
companies' expenditures on security will broadly rise. Thus, capital investment
on security, also on security of IT systems, will be one of the most important
cost drivers of the logistics industry.”
should draw up and implement contingency plans as the economic impact of such
attacks could be devastating, the report said.
report, undertaken jointly with the Supply Chain Management Institute at the
European Business School in Germany, surveyed 80 executives across business,
science and government.