Holiday Cargo Thefts Rise 65% Due to Cyber Tools

Organized crime is increasingly targeting Americans’ holiday shopping by hijacking cargo shipments using cyber tools. Criminals exploit online freight marketplaces to identify and intercept valuable cargo in transit, leading to over $318 million in losses this year alone, with an average stolen shipment worth $278,797. The rise in cargo thefts has been attributed to the adaptation of cybercriminals post-COVID, utilizing online platforms and AI to facilitate their operations. With the holiday season approaching, the risk of cargo theft is heightened, underscoring the need for improved security measures in the transportation sector.