VCCSC Joins Forces with Verisk’s CargoNet to Help Members Combat Cargo Theft

JERSEY CITY, N.J., May 16, 2012 — CargoNet, a leading source of information about supply chain risk, today announced that it has formed an alliance with the Virginia Carolinas Cargo Security Council (VCCSC) to help VCCSC’s members combat the growing problem of cargo theft across North Carolina, South Carolina, and Virginia. CargoNet is a division of the Verisk Crime Analytics unit at Verisk Analytics (Nasdaq:VRSK).

CargoNet delivers cargo theft prevention, response, and recovery solutions through a secure national cargo crime database and controlled information-sharing network managed by crime analysts and supply chain specialists. The CargoNet solution includes a theft alert system, task force and investigations support, a tractor/trailer theft deterrence program, driver education and incentives, secondary-market monitoring and interdictions, crime trend analysis, loss control services, and security awareness education.

“We applaud the VCCSC for its leadership in the fight against cargo theft,” said Anthony Canale, general manager for CargoNet. “This alliance is a perfect example of how security councils and the private sector can work together to share intelligence, which is critical in the fight against cargo thieves.”

Through the alliance, cargo theft incidents reported to the VCCSC by its members will be transmitted directly to the CargoNet operations center, which will notify the correct law enforcement agencies on a local, regional, and national level. VCCSC members will also receive special member pricing for CargoNet membership.

“This newly established alliance will strengthen our increased criminal interdiction efforts throughout North Carolina, South Carolina, and Virginia,” added Torry Shealy, VCCSC Steering Committee member. “With the capabilities of CargoNet’s alerting infrastructure, the VCCSC is able to offer its members an additional layer of recovery support in the event that they are victims of cargo theft.”

About CargoNet
A division of the Verisk Crime Analytics unit at Verisk Analytics (Nasdaq:VRSK), CargoNet® helps prevent cargo theft and improve recovery rates through secure and controlled information sharing among theft victims, their business partners, and law enforcement. CargoNet is centered on a national database and information-sharing system managed by crime analysts and subject-matter experts. By applying a synchronized, layered approach, CargoNet exploits the weakness of cargo thieves at multiple points. CargoNet offers integrated databases, a theft alert system, task force and investigations support, a tractor/trailer theft deterrence program, and the TruckStopWatch® program. CargoNet also provides driver education and incentives, secondary-market monitoring and interdictions, crime trend analysis and loss control services, and training. More information on CargoNet can be found at www.cargonet.com.

About VCCSC
VCCSC is dedicated to combating cargo crime through cooperation between all sectors involved in supply chains, cargo handling, and other industries that serve them. The goal is to enhance cargo security through procedure, technique, and information sharing. Join us in the effort to secure cargo against loss in South Carolina, North Carolina, and Virginia. Our mission is to share information on cargo security in the Carolinas and Virginia; to expand the use of security-enhancing techniques and procedures; to develop cooperative efforts to diminish cargo vulnerabilities; to educate the community of cargo operations and security professionals; and to collaborate with government and law enforcement in combating cargo crime.

Release: Immediate

Contact:

Giuseppe Barone
MWW Group (for CargoNet)
201-507-9500
gbarone@mww.com

Erica Helton
MWW Group (for CargoNet)
201-507-9500
ehelton@mww.com