November 13, 2024 | Cargo Insurance
Surging Cargo Theft: Strategies to Strengthen Your Logistics Operations Defense
The surge in cargo theft incidents, including sophisticated scams like fictitious pickups and fraud schemes, has left logistics service providers facing significant challenges. Join us in our latest video. Karen Rzeszutko, President of Roanoke Insurance Group, and Tony Pelli, Practice Director for Security and Resilience at BSI, dive into the evolving threats and share actionable insights to protect your operations.
Why This Video Matters
Cargo theft is a growing problem that impacts every link in the supply chain. From theft hotspots in North America to emerging criminal tactics, Karen and Tony discuss:
- Key Cargo Theft Trends – Including hotspots like California, Chicago, and Toronto and surprising areas like Arizona and central Pennsylvania.
- Targeted Goods – Electronics, food products, and even everyday items like toiletries are increasingly targeted due to their ease of resale.
- Evolving Theft Methods – The rise in fictitious pickups involving identity theft and strategic load redirection.
Understanding Fictitious Pickups
One of the video’s primary focuses is the phenomenon of fictitious pickups—a highly specialized form of cargo theft involving cyber fraud, document forgery, and identity theft. As Tony explains, thieves no longer rely solely on physical heists but often operate behind a screen, intercepting or redirecting shipments without appearing in person.
Tips to Strengthen Your Defenses
Karen and Tony highlight the importance of vetting carriers, training staff, and establishing clear reporting protocols for logistics service provider operations. Their advice is practical, emphasizing preventive measures that companies can implement immediately, from vetting carrier information to setting up direct contact lines with cargo theft task forces.
Looking Forward: Emerging Risks
Cargo theft methods continuously evolve, with thieves adapting to new technology and logistics patterns. The video covers emerging risks, including geographic expansions of theft zones and advanced surveillance tactics, like monitoring logistics operations to anticipate high-value shipments.
Watch Now to Safeguard Your Operations
Don’t miss this essential discussion on one of the logistics industry’s most significant security challenges. Watch the full video to arm yourself with the knowledge to stay one step ahead of cargo thieves.
Ready to fortify your business against the financial and operational impacts of cargo theft? With our expertise in tailored cargo insurance and legal liability solutions, we’re here to help you safeguard your business and your client’s cargo. Partner with us and benefit from our comprehensive approach alongside trusted loss prevention experts. Contact us today to learn more about building a resilient logistics strategy.”
Disclaimer: This information is provided as a public service and for discussion of the subject in general. It is not to be construed as legal advice. Readers are urged to seek professional guidance from appropriate parties on all matters mentioned herein.