Cargo Theft Report Reveals Rapidly Shifting Criminal Tactics and Emerging Targets

The BSI Consulting and TT Club 2024 Cargo Theft Report gives an analysis of targeted commodities, prime locations for theft, regional hotspots and evolving strategies employed across the world.

The two organizations note that of the incidents analysed:

• Food and beverages were most frequently stolen, 22%
• 76% involved trucks, including 21% hijackings and 20% theft of vehicles
• Nearly half occurred when cargo was in transit
• Theft from facilities was down from a quarter in 2023 to 18%
• Hotspots included Brazil, Mexico, India, US, Germany, Chile and South Africa
• ‘Strategic’ theft was the standout growth trend
• Internet-enabled crime also continues as a significant facilitator

While the Report’s statistical analysis of cargo theft types and top commodities stolen year on year is revealing, it is the qualitative information and insight into the methods used by criminals that is most useful in combating theft, according to the report.

As Tony Pelli, Global Practice Director for Security & Resilience at BSI Consulting, says: “The growth in strategic crime, defined as that utilizing deception, fraud, and advanced planning, is the most remarkable finding in our Report. This weapon in the criminals’ ever-evolving armament now involves impersonation and document forgery as well as leveraging AI technologies to manipulate bills of lading and orchestrate remote operations. The degree of sophistication employed shows that organised crime’s knowledge of supply chain vulnerabilities is deepening.”

This strategic methodology was particularly noted in the United States, where 18% of all incidents were identified as strategically planned thefts.

Indeed, one of the Report’s detailed case studies itemises an organised crime campaign of theft from railcars in California and Arizona using such tactics. Elsewhere, case studies help cargo owners and transport operators put real-life flesh on the statistical bones; including metal theft in South Africa, pharmaceuticals targeted in India, violent hijackings in South America and theft from trucks on the move (so-called ‘rollover’ theft’) prevalent in Europe.

On behalf of TT Club, Mike Yarwood, Managing Director of Loss Prevention, comments: “Our prime focus is to provide actionable insight to assist with risk mitigation. In this regard, it is vital to track current trends in criminal activity. The burgeoning use of the internet, though available for nefarious action for some years, is constantly spawning new technologies and should not be overlooked. Techniques such as harnessing AI to create phishing emails, deep fakes, and malware aimed at accessing sensitive freight information and reports of attacks targeting cloud-based storage services are becoming more common.”

“If it is too good to be true, then it probably is” – is the essence of the sound advice offered by BSI Consulting and TT to those in the supply chain open to the risk of theft.

In a concluding section of the Report, the two partners provide a list of strategies to employ in risk mitigation, in particular to protect assets from theft. These range from care over the security of email and other electronic communication to screening and vetting of third-party contractors; also from monitoring and response through reliable tracking services to keen awareness of alterations to regular delivery and pick-up locations.

“Above all,” emphasises Yarwood, “An overarching strategy to protect against cargo loss must be based on robust due diligence. To know and trust as much as possible customers, carriers, and contractors alike, and to be cognisant of the criminals’ intent and level of cunning.”

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