CargoNetTM tackles cargo theft
On September 29, 2009, ISO and the National Insurance Crime Bureau (NICB) announced their intent to create CargoNetTM — a national information-sharing system to combat cargo crime.
Why target cargo theft?
Cargo theft is a multibillion-dollar economic drain that exploits existing gaps in the nation’s information-sharing framework. Consider these problems:
- The lack of coordinated communication among logistics providers, retailers, manufacturers, and law enforcement hampers the tracking of stolen cargo.
- Issues in inventory tracking and delays in theft reporting add another level of complication. When theft victims are unable to provide timely and accurate information concerning their losses, law enforcement is less able to conduct effective investigations.
- The chances for recovery drop sharply once thieves remove stolen cargo from the conveyance. Cargo is at times not uniquely identifiable, and there is little or no monitoring of the secondary marketplace where thieves sell stolen cargo.
Even more troubling are the indirect costs of cargo theft through supply chain interruption, which can jeopardize product safety when thieves transport goods from a controlled environment and resell them to an unsuspecting public.
How will CargoNet work?
By networking existing databases and adding secure reporting and analytic functions, the new system will enable more efficient, accurate, and timely sharing of cargo theft information among theft victims, their insurers, and law enforcement.
In addition to the CargoNet database, CargoNet offers a multifaceted approach to theft prevention and recovery that includes:
- Theft alerts — a unique nationwide mechanism that passes critical information quickly from theft victims and insurers to law enforcement
- Advanced analytics — real-time analysis to support investigations and loss control planning
- Point-of-theft deterrence — adhesive decals and magnetic labels that owners can affix to tractor trailers to show thieves that the assets of participating companies are protected
- TruckStopWatch — a neighborhood truck-stop watch program that trains employees to spot suspicious activity and creates incentives for them — and for drivers — to take action
- Driver education and incentives — specialized training, alerts, and a tips hotline to keep drivers prepared to avoid theft
- Secondary-market monitoring — theft alerts to elevate awareness and tracking systems to scan the Internet for attempts by thieves to sell stolen cargo
- Virtual community of stakeholders — an online meeting place for law enforcement, insurers, and truck owners that serves as a conduit for theft alerts and online learning
For more information . . .
. . . on how CargoNet can help you avoid theft and improve recovery, call Maurizio Scrofani, managing director, at 201-469-3253, or send e-mail to
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