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OTR Solutions, the leader in logistics-focused back-office technology and financial solutions, today announced the launch of Truly Instant Funding.
The freight sector faces an 181% increase in data breaches from 2022 to 2023.
• 3,205 data breaches in the US in 2023 - up 78% from 2022
• Transportation sector: 101 breaches, 181% increase year-over-year
• 12 million victims in transportation & shipping sector alone
Adriana Pulley
The transportation industry is under siege. Data breaches have more than doubled, matching the total cases from the past three years combined. No other sector saw such a dramatic spike.
"Cyberattacks affecting public services such as transportation could majorly affect the day to day lives of average Americans." Stepan Solovev, CEO of SOAX, warns.
• 44 data breach incidents
• 73 million individuals affected
• Highest number of victims across all sectors
This spells trouble for the trucking industry's shift to electric vehicles.
Transportation and shipping: 53% and 45% of global ransomware detections
"The cat and mouse game of cybersecurity is becoming more complex." John Fokker, Trellix
Source: CCJ
Estes Forwarding Worldwide reported a cyberattack on May 28, but thanks to fast response protocols, operations remained unaffected.
The Manifest 2025 conference in Las Vegas showcased the future of freight and logistics, with AI-driven automation, predictive analytics, and robotics taking center stage. But as supply chains become more connected, cybersecurity risks are rising.
JAS Worldwide confirms technical disruptions are the result of a ransomware attack, but no group has yet claimed responsibility. Cybersecurity response underway.
As the trucking industry moves towards fleet electrification, the FBI warns of increased cyberattack risks and urges vigilance on software, hardware, and personnel security.
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