Fraud is still a major issue in trucking, and it’s only getting worse. In the year 2022, cargo theft went up by 20%, resulting in an estimated $223 million in lost cargo.
Criminals are becoming more intentional and targeting the supply chain, where ransom payments are likely to be made to avoid expensive downtime.
They’re also being more selective about the goods while targeting and how they’re getting into the supply chain. It can lead to huge financial losses for shippers, carriers, and brokers, which can be really damaging for businesses.
Criminals are getting smarter about how to take advantage of trucking technology, especially when it comes to hijacking cargo.
They’re taking advantage of company and driver weaknesses to get access to sensitive info to move and steal cargo.
Below, we have discussed some of the most common fraud schemes that have taken place in the cargo industry.
In order to gain access to the identity of a registered truck driver, cybercriminals employ phishing and other online methods to impersonate the trucker. By impersonating the identity of that trucker with a valid license, cybercriminals can use double broker scams to trick law enforcement and rob cargo without letting someone know about it.
The cargo thief may pretend to be the middleman between two legitimate people on a freight exchange site. Then, when the trucker picks up the goods, the fake person will give them new delivery instructions to a different address. At last, when the goods reach the new destination, the cargo robbers steal them.
Read the following tips that will help you protect your company from scam vulnerability and keep the supply chain intact.