Beware of Logistics Scams: How to Protect Your Business from Fraud

Logistics operations have become increasingly complex due to advancements in technology, the ever-growing demand for services, and global business competition. As businesses and companies become more reliant on logistics, they have become higher risk environments for scammers and fraudsters. To protect your business from potential logistics scams, it is important to be aware of the potential threats, know how to identify them, and how to counter them.

Spotting Logistics Scams

Logistics scams typically take one of two forms: either the false promise of goods or services for a fee, or the promise of unearned refunds, rewards, or deals. The scammers tend to target businesses, individuals, and even government organizations. They initiate contact with emails, phone calls, or through online ads. Here’s what to look out for:

• Promising free or discounted services and goods: Scammers may try to entice you with unrealistic and too-good-to-be-true deals on services and goods related to logistics.
• Pressuring you to pay upfront: If a scammer pressures you to pay in advance for services or goods, this should raise flags.
• Asking you to send money abroad: Be especially wary of anyone asking you to make payments to an overseas bank. It is not recommended to wire money to unknown accounts; it is too easy to lose the money and too difficult to get it back.
• Guaranteeing returns or high profits: If the person offering a deal makes a guarantee of excessive returns or profits, it is best not to take their word for it.

Protecting Yourself from Logistics Scams

Now that you know what often lies behind a scam, here is what to do to protect yourself:

• Research thoroughly: Do not trust any offer without conducting due diligence. Check the legitimacy of a company or service provider by conducting thorough research.
• Seek advice: It is often better to get input from a third-party on a logistics service or goods deal.
• Review the terms: If there is ever a doubt, seek to understand the terms and conditions involved in the transaction before making a decision.
• Monitor your transactions: Be sure to monitor transactions and be aware of any possible signs of fraud.
• Be careful of who you trust: Never provide sensitive information to someone who you do not trust.

Advanced Logistics Solutions

To ensure the security of your goods, goods locations, and goods movement during shipment, consider using advanced logistics solutions that make use of emerging technology solutions. For instance, blockchain based logistics solutions have been proven to be a secure and efficient way to keep track of goods movement during shipment. This ensures that real time monitoring is possible and that any issue that arises can be addressed quickly.

In addition to blockchain, there are other advanced logistics solutions that can be implemented. Machine Learning is an example. It has been used to effectively automate the analysis of mass data, identify trends, detect anomalies, and more. This can help logistics operators to more efficiently manage their operations and quickly identify potential issues.

Conclusion

Logistics scams can be damaging to businesses and individuals, so it is important to be aware of the potential risks they pose. Be sure to identify any potential scams, check the terms of any deals, and seek advice when in doubt. Additionally, consider utilizing advanced logistics technologies, such as blockchain and machine learning, to secure goods locations and movements during international shipment.

By following these steps, you can protect your business from fraudsters, so that your business can prosper without fear.

 

Move anything anytime with QikTruck

Copyright 2022