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.
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