Truckstop Rolls Out Automated Risk System for Brokers
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Load board and freight management specialist Truckstop has introduced a risk assessment system that offers freight brokers automated tools to help address the growing challenge of sophisticated fraud within the industry.
Losses from cargo theft have eclipsed $100 million so far in 2024, according to CargoNet data, during which time fraudsters have employed techniques such as creating fake companies, forging carrier profiles and using phishing schemes to access sensitive information. These tactics have made it increasingly difficult for brokers to protect their operations and verify carrier legitimacy.
To mitigate these risks, Truckstop is integrating automated security measures into its platforms. The new system requires mandatory vetting of carriers and other entities to ensure only verified personnel can access the Truckstop network.
Drawing on real-time data and regular updates from the Federal Motor Carrier Safety Administration and other government databases, the system is designed to evolve as fraud tactics shift and expand.
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