Jamie Cannon

Freight brokers urged to increase security in light of pipeline cyberattack

The cyberattack that temporarily shut down the Colonial Pipeline this month serves as a stark reminder that all industries are prone to security threats. A single attack brought the nation to a crawl. Just think of the damage one could cause your operation.

In today’s data-rich transportation and logistics industry, information flows freely from network to network. This is especially true for freight brokerages, which transact large amounts of information both electronically and in the cloud. 

In...

https://www.freightwaves.com/news/freight-brokers-urged-to-increase-security-in-light-of-pipeline-cyberattack

Time is of the essence after ransomware attack

Logistics companies have done what they can to protect their employees from COVID-19, but has this shifted focus away from safeguarding other areas of operation? With many workforces continuing to work away from the office, company data may be at a higher risk of a ransomware attack.

If you’re unfamiliar with ransomware, consider yourself lucky. Ransomware is a form of malware that encrypts a victim’s files. Attackers usually hold company information hostage and demand victims pay a ransom in...

https://s29755.pcdn.co/news/time-is-of-the-essence-after-ransomware-attack

Protect against employment-related lawsuits now

employees

In recent years, lawsuits against motor carriers have not only increased in frequency but also in bite. This should come as no surprise as headlines blaring multi-million dollar settlements have become newsflashes almost weekly. 

Research by the American Transportation Research Institute (ATRI) recently shed light on lawsuits resulting from “nuclear verdicts.” It reported that from 2012 to 2019, there were 265 cases with verdicts over $1 million, representing an increase of 335%. Additionally,...

https://s29755.pcdn.co/news/protect-against-employment-related-lawsuits-now

Prioritize mitigating credit risk, especially during economic uncertainty

Freight brokers and commercial fleets process hundreds if not thousands of shipments daily. In an industry characterized by a huge amount of transactions, risk must consistently be weighed against reward. While most transportation companies diligently assess the profitability of each load before inking the deal, even the most thorough risk management practices cannot mitigate each and every risk.

Many companies fall victim to the ever-present threat of late payments and payment defaults. These...

https://www.freightwaves.com/news/prioritize-mitigating-credit-risk-especially-during-economic-uncertainty