Source: National Cyber Security – Produced By Gregory Evans
The independent freight forwarder sector appears to have become the latest victim of internet crime, with several cases of international payments between forwarders being redirected into fraudsters’ accounts. Over $100,000 has been stolen from WCA members in a series of stings over the past nine months, according to WCA vice-president of customer service Andy Robins. WCA, the world’s largest network of independent freight forwarders, with over 5,000 members across the world, has monitored an alarming increase in the number of forwarders targeted, although Mr Robins believed that the fraudsters’ modus operandi has largely been established and he told The Loadstar that forwarders need to be especially vigilant if their international partner claims to have changed bank account details during the payment process. “There’s a hacker out there watching freight forwarders and getting into the negotiations at the last moment. “The pattern seems to be that they will hack into an email conversation between two members, and then, at the last minute when a payment is due to be made, they block the emails of the recipient of the funds and instead email the agent who is due to pay and informs them of a change of bank details which the […]
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