Carrier fraud accounted for 84% of TT claims involving fraud or deception in 2022.

This new edition of TT Club's Supply Chain Security Bulletin highlights a series of risk trends, in particular cargo theft.

Read more about how transport and logistics insurer, TT Club, advises on container theft in the global supply chain

Current geopolitical tensions have inevitably raised the stakes in general perception around security, as well as, tragically, huge displacement of the population of Ukraine. The sobering reality from experience is that criminals are quick to change their methods, exploit difficult situations and cause further human degradation.

Third quarter cargo theft data in the US shows storage facilities targeted in 45% of reported cases; up from 20% of recorded cases in the same quarter in 2020

Carrier fraud is becoming increasingly prevalent and sophisticated

Supply chain security is of vital consideration for transport and logistics operators in the global supply chain

Watch this short video animation to understand how fraudsters can intercept cargo delivery with false instructions.

Watch this short video animation demonstrating a cargo theft technique whereby thieves pose as law enforcement officers

Read more about the threat of cyber crime in the global supply chain with TT's top tips to mitigate the risk

Top tips from the TT Club on how to identify common types of procurement fraud in the global supply chain