Risk Management Q&A Panel: NCBFAA Annual Conference 2022

As featured in Forward Magazine At the AirCargo 2022 conference, a question was posed to the audience: Who has cyber insurance? Only 20% of the audience raised their hands! This is concerning because cyber-related crime is at an all-time high and still growing fast. The current data around cybercrime is alarming. By April of 2021, cyberattacks against the supply chain had risen an estimated 42% in the U.S. according to research by the Identity Theft Resource Center (ITRC). If you’re in the logistics industry, you’ll want to read this article, featured recently in Forward Magazine: “How Vulnerable is Your Company […]

The fallout from the COVID-19 pandemic in lost lives and economic disruption is tremendous. The pandemic has also caused unprecedented changes in the way we work. Many individuals throughout every sector of business are now working remotely. This includes the transportation sector, particularly as more state governments across the country impose stricter guidelines to stem the spread of the coronavirus. According to the National Customs Brokers and Forwarders Association of America (NCBFAA), customs broker and freight forwarder offices – large and small – throughout the United States are increasingly having employees work from home. The trade has shown confidence is […]

If you haven’t been the victim of a ransomware attack yet, you may be someday soon. According to research by the cybersecurity company, Malwarebytes, six of every ten malware infections during the first quarter of 2017 were attributed to ransomware.1 If and when it happens to you, you will have to decide whether to pay the ransom or not. Here are some things to consider that may help in coming to the right decision for you. If You Decide To Pay If you pay the ransom, you may get your data back and your operations can return to normal. You […]