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Any organisation that leverages IT is vulnerable to cyberattacks in much the same way that any organisation that uses electricity is affected by power failure. FMCG is therefore as vulnerable as any sector that has embraced digital transformation, from a purely technical perspective.
But FMCG may be more vulnerable than many other sectors when it comes to the consequences of a cyberattack. Attacks can disrupt operations and interrupt supply chains to an extent where goods that are supposed to be fast moving do not move at all!
Consumer demand may exist, but supply from FMCG companies can be hindered or paralysed. This can result in considerable opportunity cost for FMCG companies especially those who experience seasonal or festival demand, where a few days in the year contribute significantly to revenue. A cyberattack that is timed to coincide with such demand spikes can ruin a business, and that makes the organisation vulnerable to ransom demands or even cyberwarfare where attacks are launched to disrupt economies.
What else can I help you with?
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