Compromised communications linked to 40% of stolen loads in Highway fraud report
A new freight fraud report identifies a striking license-related pattern among direct theft incidents. Meanwhile, fraudulent calls surged 90%, and carrier ownership reports more than doubled. The post Compromised communications linked to 40% of stolen loads in Highway fraud report appeared first on FreightWaves .
A report from Highway reveals that compromised communications were responsible for 40% of the 184 stolen load incidents in the company's third quarter. This figure is up from 36.4% in the previous quarter but shows a decline of 16% compared to the same period last year. Highway's Freight Fraud Index indicates that criminals are increasingly targeting established carrier accounts, with ownership change reports increasing by 111.4% from the previous quarter and 12.4% year-over-year.
The company also noted a 90.3% year-over-year increase in fraudulent and spoofed calls blocked by its system. Highway attributes part of the decline in stolen loads to stronger verification procedures, including authenticated rate confirmations and additional identity checks before releasing shipment information. However, the company cautions that the decline cannot be credited to one specific measure.
The report highlights the challenges brokers face when establishing who actually transports freight, emphasizing that legitimate credentials alone do not guarantee the individual controlling the business.
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