Combating the Freight Fraud Epidemic to Protect Supply Chains

Analyst Insight: Freight fraud is a growing threat to transportation, logistics and supply chain industries, costing businesses an estimated $500-$700 million annually. Its impact disrupts operations, damages trust and weakens entire supply chains. Urgent and decisive measures are essential as AI-powered systems make fraudulent schemes more sophisticated.

The Identity Crisis

A persistent identity crisis lies at the heart of freight fraud. Scammers impersonate legitimate brokers and carriers, using stolen credentials to redirect payments or steal cargo. High-value commodities like energy drinks, solar panels, and alcoholic beverages are prime targets, often ending up on black markets overseas.

The Role of Technology

Combating freight fraud require…