5 tactics cargo thieves use and how to help prevent them
Technology continues to transform cargo theft, as companies work to stay one step ahead of highly strategic cargo heists, from creating fraudulent companies to arranging for fictitious pickups. Being aware of current theft tactics can help haulage and freight companies more effectively protect their cargo and prevent interruptions to their supply chains.
Thieves that commit cargo theft today are not like cargo thieves of less than five years ago, they are more likely to leverage technology to exploit very small gaps in even some of the best cargo theft prevention programs. Cyber Insurance. While an overall tightening of the supply chain around high-value and desired products reportedly led to a 6 percent drop in cargo theft in 2015, the threat is on the rise, as cargo thieves continue to adapt to new security procedures. Knowing the tactics that cargo thieves use can help businesses recognise their unique vulnerabilities and prevent potential cargo theft. Here are 5 tips: Identity Theft Just as cyber thieves are stealing identities online, cargo thieves are using technology to have greater insight into supply chains, as cargo gets passed from intermediary to intermediary. Cargo identity thieves may use a legitimate trucking carrier’s name to arrange to haul a specific load for a customer, and then disappear with the load. The thefts can be months in planning, with thieves involved throughout the contracting and load planning process. Fictitious Pickups Other cargo thieves take a more opportunistic approach. A legitimate carrier has agreed to transport the load. Cargo thieves briefly disguise themselves as the legitimate carrier to steal a desired load from a shipper. They may call ahead and say they will be early for the scheduled pickup, and then arrive at a pickup point hours ahead of when the actual carrier was due. After signing for the shipment, they leave with the stolen cargo before the legitimate carrier arrives.Download Our Marine Cargo Insurance Guide
Misdirected Loads Some cargo thieves are actually setting up what appears to be a legitimate haulage operation, including arranging haulage insurance. After securing contracts to haul loads, and oftentimes hauling cargo several times without issue, they suddenly claim a mechanical failure during transit on a load targeted for theft to have an alibi. Meanwhile, a “thief” disappears with the stolen cargo while the truck is in the shop for repairs. These cargo thieves may even file a police report or an insurance claim to continue the impression that they were robbed. Theft of Trailer/Container Thieves will hijack unattended cargo trucks and trailers. In some cases they will hookup their own tractor units and drive away or steal entire units together. In many cases, they will drive these for a short distance and attach another tractor of their own to continue to a safe unloading and storage facility. Typically they prey on equipment at busy depots, rest points or distribution facilities known to handle product they consider worthwhile stealing. Hybrid Theft Scams A trucking company that has relationships with thieves will bid on cargo outside of their areas of expertise. When the load is “stolen,” they claim to have had no involvement claiming their identity was compromised. ££ In order to help prevent cargo theft, shippers should conduct their due diligence on all third parties responsible for carrying their cargo, especially when dealing with a new company that has no track record or one that has been inactive for several years before becoming active again. Regular communication with law enforcement and anti-cargo theft task forces can also help companies stay aware of regional trends, hot spots and most recent methods of theft. Whether transporting cargo by land or by sea, help protect your cargo and your business from cargo theft criminals. To find out more how one of our transportation consultants can help you please contact us today on 01245 449063 info@ascendbrokingold.co.uk
Matthew has 35 years broking and underwriting experience, both as part of the management team at an award-winning independent broker, as National Broking Director and UK Board member at Oval Insurance Broking and as Market Management Director at Arthur J Gallagher.
Matthew is a well-known figure within the insurance market, and, with his experience and connections, our clients benefit by being able to access specialist insurers at reduced distribution costs.
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