What are Current Cargo Theft Trends, and How to Avoid Them?

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.

 

  • Gathering a legitimate truck driver’s identity

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.

 

  • Cargo thieves present themselves as freight forwarders

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.

  1. Don’t forget to be extra careful, especially on Friday. Criminals know that Fridays are the busiest days for shipping, so keep an eye out for any security issues. Keep checking carriers and brokers, and make sure you have all the right identification before starting the transportation on the road.
  2. Check if a driver is legit by calling the number on their license and the company they work for while they’re at the loading station.
  3. If you want to keep track of how your cargo is moving from when you pick it up to when it’s delivered, you can add GPS tracking to your cargo and your trailer or other hauling device.
  4. Ensure open communication is maintained while transporting goods through a train. If any staff member identifies any suspicious activity, report them to the concerned authority at their earliest convenience.
  5. Use data science and AI to spot suspicious activity and carry out regular security checks.
  6. Collaborate with law enforcement agencies, industry groups, and stakeholders to identify fraud trends and take preventative steps.