When you purchase through links on our site, we may earn an affiliate commission.Heres how it works.
The global supply chain is the backbone of the worlds economy.
From suppliers and manufacturers to transporters, retailers, and consumers, every step is interconnected.
Yet, as powerful and efficient as it usually is, this vastnetworkis highly vulnerable to disruption.
When cybercriminals target supply chain operations, the ripple effects can be devastating.
One of the growing threats in this space is phishing scams specifically, double brokering fraud attacks.
In the past few years, freight and transportation companies have faced an alarming rise in these scams.
The consequences can be severe: financial losses, uninsured loads, delayed deliveries, and lasting reputational damage.
Field CTO for EMEA at Cloudflare.
Heres how they work: Scammers pose as legitimate freight brokers or create fake transportation companies.
Using phishingemails, they gain access to shipment details such as pick-up, destination, size, and scheduling.
They then offer a lower rate than competitors for their services, so that win contracts from unsuspecting businesses.
Scammers often register fake domains that mimic legitimate ones (e.g., xyzshippingllc.com instead of xyzshipping.com).
Thefalloutextends far beyond financial losses.
Staying ahead
The foundation of any cybersecurity strategy is awareness.
Phishing may be subtle, but its preventable.
When in doubt, always verify.
A quick call to confirm the sendersidentitybefore sharing sensitive shipment information can prevent costly fraud.
Technology plays a crucial role in strengthening defenses, but its not foolproof.
Its not just about preventing threats but ensuring operations can continue even if a breach occurs.
For transport companies, cyber resilience must be a priority.
A stronger, more secure supply chain starts with identifying and reinforcing weak links.
We profile the best Enterprise Resource Planning (ERP) software.
The views expressed here are those of the author and are not necessarily those of TechRadarPro or Future plc.
