Thorsten Neumann, president and chief executive of TAPA EMEA, said criminals are combining physical theft with identity fraud, using forged documentation and cloned business profiles to gain access to cargo movements. “We are seeing shell companies, cloned legitimate firms and the routine use of fake insurance certificates, forged email domains and look-alike websites,” he said. “The concern is that artificial intelligence will make these tactics easier to scale, increasing both the frequency and severity of losses.”
Cargo insurers face rising losses as fraud reshapes global theft risk
By Awais
