TRUCKING and LOGISTICS

 

cyber insurance for trucking and logistics industry

 

Freight crime is by no means a new phenomenon for the trucking and logistics industry, however the methods for carrying out this crime have moved away from traditional break-ins to more  sophisticated cyber attacks that achieve the same outcomes. This new method of attack bridges physical theft with cyber theft, and is a very real and frightening crime. Freight crime occurs when thieves set up fake identities, company websites, and even fake invoices in order to take possession of valuable cargo that would otherwise go to an intended recipient. Similar to phishing, thieves pose as carriers willing to move freight, usually at a much cheaper rate than legitimate carriers.  These thieves will then pose as legitimate drivers, accept the cargo, and drive away with it, creating a false pickup that leaves both parties holding the bag. Most theft (75%) occurs over the weekend when deliveries are on a tight deadline and security is at its lowest. According to CargoNet, theft by fictitious pickup is up 70% over the past year, and it now accounts for 9% of all cargo crime.

Zombie scanners are another method for stealing/diverting cargo loads. Created by Chinese hackers, zombie scanners are sold pre-loaded with malware that collects valuable information such as container release codes, cargo information, tracking data, and manifest information. These scanners have the ability to send malware through a network to mine data and reek havoc on supply chains. These zombie scanners echo concerns by the government about buying electronics from China: everything is suspect.

 

who is at risk?

  • INDEPENDENT CONTRACTORS
  • WAREHOUSES
  • DISTRIBUTION CENTERS
  • SUPPLY CHAIN COMPANIES
  • FACTORIES
  • DROP SHIPPERS

COVERAGE INCLUDES

SYSTEM DAMAGE

 

BUSINESS INTERRUPTION

 

BREACH NOTIFICATION  

 

 CYBER + PRIVACY LIABILITY

 

MEDIA LIABILITY

 

 REGULATORY PRIVACY ACTIONS

 

 CYBER EXTORTION

 

 COURT ATTENDANCE COSTS

 

 CRISIS COMMUNICATION COSTS 

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