Connect with us

Technology

1 in 4 businesses hit by cyber attacks through their supply chain in the last year

Published

4 months ago

on

New research from Databarracks finds almost half of organisations are knowingly working with suppliers with security concerns

LONDON, July 21, 2026 /PRNewswire/ — One in four businesses (26%) have suffered a cyber incident that originated in their supply chain over the last year. This is despite organisations being highly aware of the risk facing them, with nearly half (48%) stating that they have continued working with suppliers despite known resilience or security concerns.

The findings come from the Data Health Check 2026, an annual survey of 500 IT decision-makers, which also revealed that in many cases organisations lack viable alternatives: more than a quarter (26%) identified “dependence on suppliers” as a main barrier to improving resilience.

Other key findings from the research include:

Almost nine in ten businesses (89%) assess supplier resilience at onboarding, and the majority (61%) assess supplier resilience on an annual, quarterly or continuous basis.”Supply chain vulnerabilities” was also identified as one of the top three challenges facing organisations over the next five years, cited by 23% of respondents. This is behind only AI-driven cyber threats (46%) and ransomware (26%).Organisations that knowingly work with risky suppliers were more than 4 times as likely to experience a supplier-originated cyber incident. 43% of those organisations experienced an incident, compared with 10% of those that did not knowingly work with risky suppliers.

Commenting on the findings, Chris Butler, Resilience Director at Databarracks, said:

“This year’s findings indicate that supply chain resilience remains a critical pain point for many businesses, which the majority are aware of and which continues to be exploited by attackers. When something goes wrong at a key supplier, the cascade effects can be profound for businesses throughout the chain.

“Despite good intentions around assessing supplier resilience, most companies don’t fully understand the depth of complexity in their supply chains. Often they’ll know who their core suppliers are, but beyond that, visibility drops away.

“The traditional approach to assessment has long been tick-box based, with compliance questionnaires growing longer every year. This approach creates a false sense of assurance rather than real resilience. 

“To truly manage your supply chain continuity, it’s vital to actually get visibility of the situation. Business leaders need to treat supplier resilience as part of their own resilience, not somebody else’s problem. It’s a bit of a cliché but for good reason: you really need to treat your critical suppliers like you would your own business.

“Where there isn’t a viable alternative and your existing suppliers don’t have in-house business continuity skills, offer to help. Include your suppliers in your business continuity exercises and give them the chance to rehearse with you. It’s important to practise the response to disruption together rather than in isolation. Doing this will benefit you in the long run.”

Download the full report: Data Health Check 2026 – Databarracks

About Databarracks

Databarracks is the business and technology resilience expert.

In 2003, we launched one of the world’s first managed Backup services to bring indestructible resilience to mission critical data. Today, we deliver award-winning Data Protection, Public Cloud and Business Resilience services, backed by 24/7 expert support.

The world’s most resilient organisations trust us to protect their data, optimise their clouds and keep their operations running. When the worst happens, we guarantee their business continues.

We help our customers build resilience into every layer of their organisations, aligning people, processes and technology and proving recovery through regular testing. With prepared leadership, rehearsed plans and resilient technology, they’re ready to respond to every modern business threat – from cyber attacks to system failures – and have full confidence in their continuity.

View original content:https://www.prnewswire.co.uk/news-releases/1-in-4-businesses-hit-by-cyber-attacks-through-their-supply-chain-in-the-last-year-302829870.html

Related Topics:
Continue Reading

Technology

Hexagon Composites ASA: Third quarter 2026

Published

40 minutes ago

on

November 6, 2026

By

OSLO, Norway, Nov. 6, 2026 /PRNewswire/ — Hexagon Composites (OSE: HEX.OL), world leader in composite cylinder technology and related systems for storage and transportation of gaseous energy, reported revenues of NOK 929 million for third quarter 2026 (Q3’25: 538 million). The reported EBITDA was NOK 108 million (Q3’25: NOK -54 million), resulting in a 12% EBITDA margin (Q3’25: -10%).

“This quarter marks a significant step-up year-over-year, delivering our strongest quarterly performance since the record fourth quarter of 2024,” said Philipp Schramm, CEO of Hexagon Composites. “Over the past year, we have built a stronger foundation for our next phase of growth. We have entered new regions, consolidated markets and delivered into exciting new verticals such as aerospace and data centers. Alongside this important progress, we have also improved our financial strength, with a strong free cash flow conversion, and are well on track to deliver on our full-year targets.”

Outlook

Based on the progress delivered during the first three quarters of the year, the strengthening of our financial position, and normalizing demand in our key markets, we reconfirm our full-year EBITDA guidance of around NOK 300 million, with confidence in delivering toward the high side.

For further details, please see the attached third quarter 2026 report and presentation.

Presentation of the results today at 08:30 am CET
Philipp Schramm, CEO, and Eirik Løhre, CFO, will present the results at 08:30 am CET today, broadcasted live via this link.

The presentation of the results will be a virtual event, followed by a Q&A session. The quarterly report, presentation, and webcast recording will be made available at www.hexagongroup.com.

For more information:
Emily Cherry, Senior Communications & Investor Relations Manager, Hexagon Composites
Telephone: +47 480 90 239 I emily.cherry@hexagongroup.com

Berit-Cathrin Høyvik, Senior Director, Communications & Corporate Affairs, Hexagon Composites
Telephone: +47 988 92 161 | berit-cathrin.hoyvik@hexagongroup.com

About Hexagon Composites ASA

Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation, and conversion to clean energy in a wide range of mobility and industrial applications. Learn more at www.hexagongroup.com and follow @HexagonASA on LinkedIn.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hexagon-composites-asa/r/hexagon-composites-asa–third-quarter-2026,c4420876

The following files are available for download:

 

View original content:https://www.prnewswire.co.uk/news-releases/hexagon-composites-asa-third-quarter-2026-302931841.html

Continue Reading

Technology

Zhejiang aims to be highland of AI innovation

Published

40 minutes ago

on

November 6, 2026

By

BEIJING, Nov. 6, 2026 /PRNewswire/ –A news report from China Daily:

The 2026 World Internet Conference Wuzhen Summit concluded on Thursday after a four-day run. Beyond Wuzhen, a profound transformation driven by artificial intelligence is underway in Zhejiang’s workshops, laboratories and daily life. Building on years of efforts to deepen the Digital Zhejiang initiative, the province is aiming to become a hub of AI innovation.

In the first eight months, revenue of enterprises above designated size in Zhejiang’s core AI industry reached 582.87 billion yuan ($87.2 billion), up 26.9 percent year-on-year. The number of core industry enterprises rose to 2,112, forming a full industry-chain layout spanning chips, large models, intelligent agents and application services.

Computing power is one of the key infrastructure pillars of Zhejiang’s AI development. At a sock factory workshop in Zhuji, a designer can generate 20 original patterns within three minutes. In Yiwu, traders rely on an AI computing platform to produce high-definition product images and marketing short videos with a single click.

Powering these AI application scenarios is a province-wide integrated computing network built by China Mobile’s Zhejiang branch.

As of the end of September, Zhejiang’s total computing power reached 197 EFLOPS (short for ExaFLOPS, a unit of computing performance that quantifies the number of floating-point operations a computer can perform per second), ranking among the highest in the country. Of this, 54 enterprises and institutions in the province received national computing-power vouchers totaling 408 million yuan, accounting for 37 percent of the national total.

“As the Hangzhou and Jiashan intelligent computing centers are put into operation, Zhejiang can achieve millisecond-level access to computing, integrated computing-network scheduling and one-stop security assurance,” said Qiu Xiaoyuan, a manager at China Mobile’s Zhejiang branch.

Large models are another key factor to the game. With the Qwen and DeepSeek large models iterating continuously, Zhejiang’s model ecosystem aims to take the leading position.

In the 2026 government work report of Zhejiang, the province proposed the goal of gaining a leading position in AI development and striving to build a high-quality open-source ecosystem. Open source has been listed as one of the core levers of the province’s AI strategy.

Located in Xihu district, Hangzhou, the ModelScope community is among China’s largest AI open-source communities. Online, it brings together more than 29 million AI developers and more than 200,000 models worldwide, lowering the threshold for AI-related innovation.

Chen Tianrun, born after 2000, is a doctoral student at Zhejiang University and founder of Moxin Technology, which independently developed MoWorld, a real-time interactive world model built entirely on domestic neural processing units. An NPU is a specialized computer microprocessor designed to mimic the processing function of the human brain.

“The relationship between AI and humans is not about AI replacing humans, but about AI and humans working together to do more to raise productivity,” Chen said.

Backed by new production factors such as computing power, models and data, Zhejiang is breaking through its natural-resource constraints to become a trendsetter in innovation.

The Zhejiang provincial government hosted a series of major events during the 2026 WIC Wuzhen Summit, featuring interactive experiences and surprises.

On Monday, at the Light of Internet Expo, a signature event of the WIC Wuzhen Summit, more than 30 embodied-intelligence robots — from companies such as AgiBot, UBTech, Unitree and Zhongke Fifth Era — brought visitors to the world of perceptual intelligence.

Among them, the world’s first bipedal humanoid robot capable of playing badminton with humans autonomously became the centerpiece. The robot has also mastered table tennis; the faster the ball travels, the faster it reacts.

The Global Internet Competition of “Straight to Wuzhen” is another highlight event of the WIC Wuzhen Summit. Since registration opened in June, it has attracted 1,347 projects and one-person company entries from 31 countries and regions.

The Digital Economy Industrial Cooperation Conference held on Wednesday was a signature event of the Wuzhen Summit’s permanent venue. Over the past three years, annual signings of digital economy industrial projects at the event have each exceeded 100 billion yuan.

View original content to download multimedia:https://www.prnewswire.com/news-releases/zhejiang-aims-to-be-highland-of-ai-innovation-302931854.html

SOURCE China Daily

Continue Reading

Technology

Broadridge’s Distributed Ledger Repo Processes $7.6 Trillion in October

Published

40 minutes ago

on

November 6, 2026

By

October 2026 ADV reaches $345 billion as Broadridge continues to advance institutional tokenization infrastructure

NEW YORK, Nov. 6, 2026 /PRNewswire/ — Broadridge (NYSE: BR), global Fintech leader, today announced that its Distributed Ledger Repo (DLR) processed an average of $345 billion in daily repo transactions during October, with volumes totaling $7.6 trillion. The total settled volume reflects the continued scale of tokenized securities financing activity as Broadridge expands its digital asset infrastructure through its recently launched DLX platform.

“DLR has laid the groundwork for the next phase of tokenization, as institutions increasingly shift their focus from exploring initial digital assets use cases to scaling these capabilities across their businesses,” said Horacio Barakat, Global Head of Digital Innovation at Broadridge. “In 2027, we anticipate further integration of tokenized assets into everyday financial market operations, helping institutions unlock efficiencies across the asset lifecycle. Through DLR and our broader DLX platform, we’re focused on making these capabilities more accessible and practical for financial institutions.”

Building on DLR’s proven infrastructure and institutional experience, DLX extends Broadridge’s tokenization capabilities beyond securities financing into a broader range of assets and workflows, spanning issuance, trading, settlement, servicing and distribution. Together, DLR and DLX equip financial institutions with the trusted, resilient technology and operational controls needed to integrate tokenized assets into existing market operations, helping bridge traditional and digital markets while reducing complexity.

To learn more about DLR, the world’s largest institutional platform for settling tokenized real assets, visit Broadridge’s DLR.

About Broadridge’s Tokenization Solutions

Broadridge is building the governance layer for tokenized equities, ensuring investors have access to trusted, institutional-grade governance as securities move on-chain. Through proxy voting, investor communications, disclosures, and corporate actions, Broadridge helps investors exercise their ownership rights across tokenized and traditional holdings, including across issuer-sponsored and third-party tokenization models. 

Broadridge connects traditional and digital finance with the trusted infrastructure institutions need to put tokenization to work. DLX, its multi-chain digital asset platform, brings together capabilities across issuance, distribution, trading, financing, settlement, custody, and asset servicing. DLX builds on the production experience of Broadridge’s Distributed Ledger Repo (DLR) solution, the world’s largest institutional platform for settling tokenized real assets, tokenizing more than $345 billion of repo’s a day. 

Through its integrated platform and connected partner ecosystem, Broadridge helps issuers, banks, broker-dealers, asset managers, and wealth firms bring tokenized investments to market, mobilize collateral, and connect investors to new opportunities through existing systems and workflows. By orchestrating the ecosystem rather than requiring clients to rebuild it, Broadridge helps firms manage complexity and scale across traditional and on-chain markets. 

About Broadridge

Broadridge is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. Broadridge powers investing, governance, and communications for clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Broadridge’s technology and operations platforms process and generate over 8 billion communications annually and underpin the daily average trading of over $18 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing approximately 16,000 associates in 28 countries.

For more information about us, please visit www.broadridge.com.

Broadridge Contacts:

Investors: 
broadridgeir@broadridge.com  

Media:
Gregg.Rosenberg@broadridge.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/broadridges-distributed-ledger-repo-processes-7-6-trillion-in-october-302931512.html

SOURCE Broadridge Financial Solutions, Inc.

Continue Reading

Trending