Together with our affiliate organisation, the Transported Asset Protection Association (TAPA) EMEA who is specifically focused on the fight against cargo crime, IUMI issued a joint statement to warn marine insurers and stakeholders across global supply chains of the risk of cargo crimes and particularly the growing rise of fake carriers.
According to TAPA’s intelligence system, nearly 160,000 cargo-related crimes were recorded across 129 countries between 2022 and 2024, with total losses estimated to reach several billions of Euros. While traditional threats such as hijackings and theft remain a problem, both organisations warn that cargo crime is rapidly becoming more sophisticated and digitally enabled. Although conventional theft from trucks and warehouses are still prevalent, cargo crime is evolving. Criminals are increasingly using digital tools to conceal their true identities, the creation of shell companies and legitimate firms being cloned using stolen credentials. Forged email addresses, look-alike domains and fake insurance certificates are increasingly common. Artificial intelligence will accelerate these activities, making deception easier to scale and significantly driving up losses.
In response to these growing risks, IUMI and TAPA EMEA are calling for urgent action by supply chain stakeholders and government authorities. The organisations have jointly published advice for shippers, logistics providers and insurers aimed at strengthening resilience against both physical and digital threats. Recommendations include continuous vetting of carriers and drivers; verification of contacts, documentation and insurance credentials; adherence to recognised security and operational standards; increased vigilance for abnormal behaviour; and greater use of secure facilities and route planning.
A crucial element in the fight against cargo fraud are freight exchange platforms. They have a key responsibility to ensure no bogus carriers can operate on these platforms. IUMI and TAPA EMEA encourage these platforms to implement robust identity verification and fraud detection protocols, including multifactor authentication. Their support and cooperation is essential to closing loopholes which are increasingly being exploited by fake carriers.
Download the IUMI & TAPA EMEA statement here: https://iumi.com/policy/position-papers/iumi-tapa-emea-joint-warning-on-fake-carrier-fraud-and-cargo-crime-risk/
