US EditionIndiana Senator featured in documentary on cargo theft
- Senator Todd Young of Indiana discussed the rise of organized cargo theft in an interview at his Senate office in 2024 in the US supply chain.
- Cargo theft surged due to organized criminal groups exploiting technology and weak security in shipping systems, with many thefts unreported or discovered weeks later.
- Major companies like Lululemon and Meta have suffered million-dollar losses, while logistics firms and security companies invest millions in detection and prevention measures.
- Industry data shows cargo theft incidents rose 26% from 2023 to 2024, with losses exceeding $455 million and identity theft now accounting for nearly one-third of cases.
- A recent bipartisan bill introduced by lawmakers aims to establish a Department of Homeland Security coordination center to better address cargo theft and related retail crimes, but efforts are hindered by limited resources within government agencies.
13 Articles
13 Articles
Crime rings attacking US supply chain at record rates are using this sneaky tactic: report
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Indiana Senator featured in documentary on cargo theft
WASHINGTON, D.C. (WTWO/WAWV)— U.S. Senator Todd Young (R-Ind.) was recently featured in a documentary on cargo theft made by CNBC. Senator Young was interviewed due to his position as the Chairman of the Senate Subcommittee on Surface Transportation, Freight, Pipelines, and Safety. The documentary spoke on the surge in cargo theft, its impact on American businesses and the economy, and the threat it poses to national security. “Much of this acti…
Digital Heist: How Global Crime Rings Are Hijacking America's Supply Chain
Cargo Theft Rings Target U.S. Supply Chain with Sophisticated Cyber Tactics In a trend that security experts describe as a national security threat, criminal networks are increasingly targeting America’s supply chain with sophisticated schemes, resulting in nearly $1 billion in annual losses. These operations, often orchestrated from overseas, exploit the very digital systems designed to streamline logistics operations. “This needs to be taken s…
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