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A report on global cargo theft released in mid-June finds
that cargo theft is most often an inside job, as criminal
organizations recruit companies’ own employees to share
data on shipments and routes.
The commodities most commonly targeted by thieves
are food and beverage shipments
( 19 percent), followed by alcohol and tobacco ( 15 percent)
and consumer products ( 15 percent), electronics ( 7 percent), and
apparel and footwear ( 5 percent),
according to the publication, TT
Club & BSI Cargo Theft Report
2018. The study was produced by
the British transport and logistics industry insurance provider Through Transport Mutual
Insurance (TT Club) and supply chain intelligence provider BSI Group.
The report includes several pieces of loss-prevention
advice to counter the identified threats, but it also points
out that the biggest risk of theft comes from companies’
“In particular, we would wish to emphasize The Insider
Threat,” TT Club Claims Executive Mike Yarwood said in
a release. “As security measures become more sophisticat-
ed and widespread in practice, criminal organizations are
increasingly recruiting employees
of targeted companies to gain
data, cargo information, [intel-
ligence on] delivery routes and
destinations, and access to IT sys-
tems. Due diligence in recruiting
and managing staff is paramount.
In general, full- or part-time sala-
ried staff are less of a security risk
than sub-contractors.”
The research found that over-
the-road transport was the mode
most likely to be involved in theft (ahead of buildings and
trains), but there were significant differences in the median
value of the cargo affected. This ranged from just under
$19,000 in Asia to around $60,000 in both Europe and
North America, to a high of $77,000 in South America.
Report finds cargo theft is most often an inside job
