It’s 2024. What’s happening in cargo theft? It's going digital.
Supply Chain Logistics Consulting
Supply Chain Management and Logistics Consulting Services
Supply chain management and logistics security must stay ahead of bad actors using digital fraud and deception for illicit gains.
How is it happening?
“They basically are flooding people’s inboxes and phone lines to try to get their hands on a load. ‘Hey, we’re ABC Trucking, we have trucks available to haul your freight,’”
“The most common type is identity theft, where a crew uses false documentation to pose as an existing fleet,” said Joe Palmer, from insurance firm Gallagher Canada’s transportation team.
New Digital Tactics in Cargo Theft
???Fictitious Pickups:
Instances of fraudulent pickups surged by 600% in 2022 in Canada and the U.S., although they remain a minority of total thefts.
?? Sophisticated Tactics:
Criminals now use digitally savvy methods, including identity theft which is the most common method used to steal valuable freight during transportation.
??Cargo Theft Trends:
The number of cargo thefts rose 59% last year, following increases in 2022 and 2021.
???Inside Information:
Perpetrators target specific products based on inside information obtained from online load boards or employee planted tracking devices, like store-bought GPS tags.
??Economic Impact:
Stolen freight’s value reached $449 million in Canada and the U.S. in 2023.
? Challenges Persist:
Traditional theft methods still exist and digitally enabled crimes are on the rise.
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What Does This Mean for Business?
To clarify, digital attacks are being perpetrated increasingly through the use of AI and advanced technologies, similar to what is happening in the scenario with logistics and freight. You need only see that trends lean towards misinformation, AI generated fakes, alterations to code, and exploiting communications with workers in phishing to know that this is the new ‘criminal’.
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See the 2024 Tech Trends Report by Deloitte Insights here:
What Can Business Leaders Do?
Business leaders must prepare their supply chain management and logistics workers with information and training to provide them with a new awareness of how these instances are happening.
While new technologies are helpful in security they may carry a higher price tag and take time to properly implement. Arming people with information can be as effective, or more effective in the effort to protect businesses, employees, and customers from the impacts of evolving crime.
Similarly, managers and business owners can keep up-to-date with the information released by regional authorities to catch news of new methods when they are communicated. Getting involved with region activities can help managers to understand what shape cargo theft is taking and take effective preventative actions.
While the speed that crime is evolving can be daunting, employers who take the challenge and adapt to change by sharing information can help to open a flood of new solutions that stop crime in its tracks.
References:
Deloitte Insights: Tech Trends Report:
https://www2.deloitte.com/content/dam/insights/articles/us176403_tech-trends-2024/DI_Tech-trends-2024.pdf
Supply Pro Magazine:
https://www.supplypro.ca/rise-of-the-techie-cargo-thieves/
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