Verisk CargoNet
Coverage of Verisk CargoNet in the Nexus archive.
- Organized crime is building an AI hardware cargo theft economy: ‘The economics have become just crazy from the criminal opportunistic perspective’
Organized crime is exploiting AI hardware supply chains through cargo theft, driven by soaring demand for data center infrastructure. Stolen equipment, including servers and copper wires, is resold on foreign black markets, with recent recoveries totaling $1.3 million in Illinois. Cargo theft involving electronics has surged, with AI-related components becoming prime targets due to their high value and ease of resale.
- Cargo theft hits everything from LEGO to tequila. We need the Senate to help stop it
Cargo theft is a growing national problem in the US, with the trucking industry losing $18 million every day, and consumers paying the price through higher insurance premiums and security costs. The issue affects various products, including LEGO sets and tequila. Congress is being called upon to address the issue.