Cyber-attacks on supply chains rising, say bosses

Almost a third of bosses have reported a rise in cyber-attacks on their supply chains over the past six months, as the fallout from devastating hacks on corporate stalwarts including Jaguar Land Rover highlights a growing threat to businesses.

- Joanna Partridge

Cyber threats have risen up the list of concerns for procurement managers at hundreds of companies worldwide across industries including manufacturing, energy and technology, according to a survey in September by the Chartered Institute of Procurement and Supply (Cips).

Recent hacks at companies including Marks & Spencer and the Coop, which cost them tens of millions of pounds, have moved cyber resilience from the focus of businesses' IT departments to a preoccupation of boards and senior management.