How Freight Crimes Could Cost the Industry $6.1 Billion by 2049
Freight crime is an escalating concern with significant financial implications, potentially costing the industry over $6 billion by 2049
Theft, cyberattacks, and fraudulent activities are the primary threats impacting logistics companies and their global supply chains.
With technology advancing, cybercriminals are finding new ways to intercept shipments, steal valuable data, and manipulate digital systems, leaving both large and small logistics firms vulnerable. Enhanced security measures, such as advanced tracking, employee training, and collaboration with law enforcement, can help mitigate these risks.
Industry leaders emphasize the need for companies to prioritize cybersecurity, implement secure shipment tracking, and regularly train staff on crime prevention. By staying proactive, companies can reduce the financial toll of freight crimes and maintain a secure logistics network.
Investing in security technology and protective measures will be vital in minimizing potential losses and ensuring a sustainable future for the freight industry.
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