Introducing Truckstop’s Risk Assessment System: Empowering Brokers to Mitigate Fraud 

Freight brokers have always experienced their fair share of challenges in the market. But the influx of fraud over the past few years and the evolving tactics used by the bad actors to commit these crimes are impacting business in a big way. CargoNet’s cargo theft data reports reveal that freight market fraud remains a persistent issue in the industry, resulting in over $100 million in total losses in 2024, a statistic that clearly confirms what many brokers have been experiencing on the front lines.

To complicate matters, brokers are no longer just dealing with identity theft or falsified credentials. Today’s fraudsters are using advanced technology to create convincing fake companies or carrier profiles, using phishing schemes to gain access to log-in credentials and financial details, supplying convincing insurance and compliance documentation, and intercepting communications–making broker vigilance more critical than ever to protect cargo and their businesses.

The effects of this fraud epidemic on brokers are far-reaching and extend beyond lost time and financials. They also result in reputational damage to both shippers and carriers and constant fear of the next big hit.

The Need for a Trusted Partner

Brokers and shippers didn’t get into freight to become cybersecurity experts. What they need and deserve is a trusted industry partner to help them ramp up their security efforts.

To be truly vigilant, they need a partner who:

• Has decades of experience in detecting and identifying fraud
• Has access to high quality historical and real-time data
• Continually monitors hundreds-of-thousands of carriers’ online and offline behavior
• Implements innovative processes that help prevent fraud from entering their workflow

Introducing Truckstop Risk Assessment System

As Truckstop continues to work to be the freight industry’s most trusted partner, we proudly announce our Risk Assessment System, the industry’s best network solution to combat fraud and mitigate risk. Truckstop’s Risk Assessment System is designed to evolve as scammer tactics evolve, providing brokers with unparalleled protection.

Key Features of Truckstop’s Risk Assessment System

• Effortless Automation: The Risk Assessment System will be automatically embedded into Truckstop Network platforms, starting with RMIS.
• Mandatory Vetting: Any entity attempting to access the Truckstop Network must undergo Risk Factors vetting and personnel verification.
• Evolving Security: Risk Assessment System evolves as scammers evolve. In addition to constantly ingesting and analyzing real-time data and updating its database with FMCSA and government data, Risk Assessment System will continue to add more data inputs and checks.

A New Era of Freight Security

The Truckstop Risk Assessment System represents a significant leap forward in freight security. By leveraging advanced technology, real-time data analysis, and adaptive security measures, we provide brokers with the tools they need to thrive in an increasingly complex and risky environment.

Together, we’re building a more secure and trusted network at every turn.

To learn more about Truckstop’s Risk Assessment System, contact Truckstop at (888) 364-1189, [email protected], or reach out to your Account Executive or Customer Success Manager directly.