Explore the world of cargo theft with this engaging post brought to you by IAT Insurance Group.
Cargo theft has spiked by a whopping 57% in North America last year, raising concerns across the industry.[1]
These thefts, often linked to strategic cargo theft tactics, have seen a surge in hotspots like California, Georgia, Illinois, Tennessee, and Texas. The increase was a staggering 430% year over year!
With sophisticated methods like impersonating brokers and carriers, thieves target valuable shipments of goods. It’s crucial for fleet owners and operators to implement preventive measures to protect their cargo and know what to do in case of a theft.
Unraveling Modern Cargo Theft Strategies
To combat these sophisticated heists, understanding common tactics is key. From impersonating brokers to creating fake brokerages, thieves employ various strategies to steal valuable cargo.
Prevention against Strategic Cargo Theft
Here are four essential strategies to prevent cargo theft and protect your valuable assets:
- Validate and Safeguard Information: Verify all contacts and information related to your shipments to avoid falling victim to scams.
- Research New Partnerships: Thoroughly vet potential partners to ensure trust and reliability in your supply chain.
- Stay Skeptical: Watch out for unrealistically enticing offers and maintain a healthy level of skepticism in dealings.
- Implement Information Security Protocols: Maintain password confidentiality and avoid responding to suspicious emails to protect against modern scams.
By following these proactive measures, you can shield your cargo from potential theft and reduce the risk of financial losses.
Have Questions about Risk Mitigation?
Send your queries to losscontroldirect@iatinsurance.com and stand a chance to have them featured in our upcoming blogs.
[1] Find out more insights in the Verisk 2023 Third Quarter Supply Chain Risk Trends Analysis.
Topics
Trends
Fraud
Trucking
