FreightWaves’ Post

"To pull off organized freight crimes, fraudsters have become more adept at identity theft, stealing business information by using phishing emails and taking over load board accounts or even creating new ones to plot and manage these criminal acts." - Grace Sharkey #packaging #logistics #supplychain #exports #packagingsolutions #packagingdesign #riskmanagement #manufacturing #shipping #pcbmanufacturing #pcbfabrication #pcbassembly #crating #aerospacemanufacturing #aerospaceindustry https://lnkd.in/eAYiAsCh

In a Talking Logistics guest commentary, Bill McDermott from Uber Freight writes, "As supply chains go digital, bad actors are evolving their fraudulent tactics...We’re seeing a rise in social engineering tactics, such as identity cloning and phishing scams. Strategic theft by fraud jumped by 430% in the past year alone, and an estimated $223 million worth of goods have been stolen. These numbers are likely only part of the story. Fraud tends to be underreported because it reflects badly on a business, making it difficult to understand the true scale of the fraud challenges in the industry." Read on for Bill's insights and advice on this timely and important topic. #freightfraud #fraudprevention #supplychain #logistics #transportationmanagement #supplychainriskmanagement #trucking #thirdpartylogistics #3PL https://lnkd.in/eiFZy2fS

Six arrests have been made in a violent auto theft ring that operated across metro Detroit, Grand Rapids, and Ohio, stealing over 400 cars and causing millions of dollars in losses. The thieves used computerized devices to reprogram key fobs and displayed dangerous and violent behavior during the thefts. The attorney general is calling for stricter licensing laws for those possessing these devices. This article highlights the increasing need for strong cybersecurity measures in the automotive industry. With the rise of connected cars and advanced technology, it is crucial for industry professionals to stay vigilant and update laws to keep up with emerging threats. This case also emphasizes the importance of collaboration between law enforcement and automotive companies to combat these types of crimes. #AutomotiveSecurity #Cybersecurity #ConnectedCars #infosec

Illinois Car Theft and kidnapping Exposes Critical Gap - How Will Companies Act in Crises? A recent incident in Lake County, Illinois, has highlighted a crucial intersection between technology and public safety. A 2-year-old boy was inside a stolen 2021 Volkswagen Atlas, leading to a desperate search by local law enforcement. The Dilemma: - The sheriff’s office sought to use Volkswagen’s Car-Net service to track the stolen vehicle. - However, they faced a delay because the car’s subscription had expired, and the service required a $150 payment to reactivate. The Response: - After a detective paid the fee, Car-Net provided the vehicle’s location. - By that time, law enforcement had already located the child and the car through other means. Volkswagen’s Acknowledgment: - Volkswagen admitted to a “serious breach” of its process for working with law enforcement. - The company stated it’s addressing the issue with its third-party Car-Net Support Services provider. The Bigger Picture: - This incident raises critical questions about the role of technology in emergency situations. - How can tech companies better support law enforcement during crises without compromising policies or security? - A similar situation would be when Starlink shut down satellite service, and prevented a Ukrainian attack on the Russian Navy last year. The Human Aspect: - The child was found safe, but the mother, who was attacked during the car theft, remains hospitalized. - Law enforcement continues to search for the stolen BMW involved in the incident. 💬 Your Thoughts? - How should tech companies balance customer service policies with emergency law enforcement requests? - What improvements or protocols should be in place for such situations? Join the discussion below. #PublicSafety #Technology #LawEnforcement #cybersecurity #bigdata

“Fraud is evolving at such a speed that educating staff isn’t enough,” says Modives CPO Russell Barner. “You have to combat technology with technology.” The auto industry is seeing an uptick in synthetic fraud attempts big and small, from falsifying an address to make a tax-free purchase to creating multiple identities for a full-scale car heist. In fact, in 2023, experts estimated $7.9 billion in loss exposure across the sector. In many cases, dealers are the ones paying the price. Check out this article from WardsAuto to learn more about the synthetic fraud problem and how businesses are fighting it: https://hubs.ly/Q02RJJzV0 #insuretech #autosales #insuranceverification #autonews #syntheticfraud #cybersecurity

A Forbes survey revealed that 90% of small businesses have experienced theft, and most experience theft weekly or even more often. This has to stop now. Business owners deserve better: security that fights back. #SMB #SmallBusinesses #Theft #Crime #Security

We all must do our part not only to identify fraud but report it as well.

The Great Freight-Train Heists of the 21st Century: Cargo theft from freight trains in the Los Angeles area has surged, with detectives estimating over 90 containers being opened daily and that theft on their freight trains in the Union Pacific area was up some 160 percent from the previous year. Nationally, cargo theft neared $1 billion in losses last year. Companies decline comment but California's governor publicly questioned the widespread railroad theft. Most arrested were not organized; many were homeless people nearby opportunistically taking fallen boxes off tracks. Theft stems largely from e-commerce boom that reshaped freight shipping to meet consumer demand, opening vulnerabilities. Railroad police forces and online retailers aim to combat this but concede difficulty tracking stolen goods resold anonymously online. Some products stolen from containers even get resold back on Amazon. The New York Times Magazine: Sometimes products stolen out of Amazon containers are resold by third-party sellers back on Amazon in a kind of strange ouroboros, in which the snakehead of capitalism hungrily swallows its piracy tail. Last June, California's attorney general created what was touted as a first-of-its-kind agreement among online retailers that committed them to doing a better job tracking, reporting and preventing stolen items from being resold on their platforms. While declining to comment on specific cases, a spokesperson for Amazon told me that the company is working to improve the process of vetting sellers: The number of "bad actor attempts" to create new selling accounts on Amazon decreased to 800,000 in 2022 from six million in 2020. Read more of this story at Slashdot.

The Great Freight-Train Heists of the 21st Century: Cargo theft from freight trains in the Los Angeles area has surged, with detectives estimating over 90 containers being opened daily and that theft on their freight trains in the Union Pacific area was up some 160 percent from the previous year. Nationally, cargo theft neared $1 billion in losses last year. Companies decline comment but California's governor publicly questioned the widespread railroad theft. Most arrested were not organized; many were homeless people nearby opportunistically taking fallen boxes off tracks. Theft stems largely from e-commerce boom that reshaped freight shipping to meet consumer demand, opening vulnerabilities. Railroad police forces and online retailers aim to combat this but concede difficulty tracking stolen goods resold anonymously online. Some products stolen from containers even get resold back on Amazon. The New York Times Magazine: Sometimes products stolen out of Amazon containers are resold by third-party sellers back on Amazon in a kind of strange ouroboros, in which the snakehead of capitalism hungrily swallows its piracy tail. Last June, California's attorney general created what was touted as a first-of-its-kind agreement among online retailers that committed them to doing a better job tracking, reporting and preventing stolen items from being resold on their platforms. While declining to comment on specific cases, a spokesperson for Amazon told me that the company is working to improve the process of vetting sellers: The number of "bad actor attempts" to create new selling accounts on Amazon decreased to 800,000 in 2022 from six million in 2020. Read more of this story at Slashdot.

📢 Combating Freight Fraud! 🌍🚚 Gebrüder Weiss partnered with Highway's Carrier Identity™ platform to enhance our freight security and ensure the highest standards in carrier selection. We are committed to staying ahead in the fight against fraud, identity theft, cargo theft, and double brokering, which have become significant concerns in our industry. 🛡️🔒 📊 With a nearly 800% increase in global freight fraud from 2019 to 2021, our newly expanded relationship with Highway enables us to leverage their innovative technology to mitigate these risks. Highway’s platform provides comprehensive information on freight carriers, allowing us to target potential bad actors and prevent illegitimate carriers from infiltrating our network. At Gebrüder Weiss, we are dedicated to providing secure, seamless, and trustworthy logistics solutions for our clients worldwide. By embracing digital advancements and proactive measures, we continue to evolve and set new benchmarks in the logistics industry. Together with Highway, we are excited to enhance our operational efficiency and security. ✨ https://lnkd.in/gqTQ6knK #GebrüderWeiss #GWMoves #Highwayiscarrieridentity #carrieridentity #cybersecurity #freightfraud #logistics #freightsecurity #supplychain #technology