tt-club-bifa

Credit fraud on the rise, warns TT Club

Credit fraud has become a major issue in the freight industry in the past 12 months, warns insurer TT Club. Risk manager Josh Finch describes it as “primarily a financial risk as operators are left with freight costs that can’t be collected”. Losses can escalate quickly, he adds. Criminals use different methods but they all prey on the priority of all operators to maximise revenue in a highly competitive commercial environment. A brief ... [+]