Manufacturers and Consumers Pay a Steep Price to Cybercrime According to Industrial Journalist TR Cutler


Industrial journalist, TR Cutler reported the wave of cybercrime is plowing throughout America with the biggest damages in history. When consumers lose money to cybercrime, so do manufacturers. US citizens lost $3.49 billion to cybercrime in the first three quarters of 2021. The damages translate to $12.78 million per day. American manufacturers are not adequately prepared, and customer distrust is evident. Read the Manufacturing Outlook magazine feature article here.

Cutler noted, “Criminals pretend to be a well-known brand to empty the pockets of victims. This directly harms the manufacturing brands’ reputation and stock price. Online shopping scams tricked people into sending $295 million dollars directly into the pockets of cybercriminals. Until now these were consumer oriented buyers; the new victims are  purchasing agents and small and midsized industrial manufacturers.”

Companies must have a password manager, not re-use passwords, avoiding email attachments from unknown addresses, patching devices, and using a VPN on public Wi-Fi’s. These are the basics of online cybersecurity. Because COVID is not over, and will not be in the foreseeable future, more people continue to work from home and expose themselves and their industrial companies to these cybercriminals. Vigilance is mandated.

Jacket Media is the parent company of Manufacturing Outlook e-zine. The publication highlights current manufacturing trends. 

About TR Cutler, Inc.

Thomas R. Cutler is celebrating the 23-year anniversary of the Manufacturing Media Consortium, a group of 9000+ editors, journalists, freelancers, economists, addressing the industrial sector. Cutler and his team work to track the industrial sector trends which includes manufacturing, distribution, supply chain, robotics, technology, Industry 4.0, IIoT, and much more.

Cutler has launched two new areas of concentration: the power of Gen Z on the industrial sector and the dynamic impact of the African continent as a growing force in manufacturing.

Cutler has personally authored more than 8,000 articles for a wide range of leading manufacturing periodicals, industrial publications, and business journals. He was recently named the Most Influential Supply Chain Journalist by AI Global Media. Cutler is the most published freelance industrial journalist worldwide, and over 5000 industry leaders follow Cutler on Twitter daily at @ThomasRCutler.

Media Contact
Company Name: TR Cutler Inc.
Contact Person: Thomas R. Cutler
Email: Send Email
Phone: 954-682-6200
Address:3032 S. Oakland Forest Dr. S-2803 Unit 2803
City: Fort Lauderdale
Country: United States

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