Mattel nearly loses $3M to a phishing scam

Bryan Clark reports:

A finance executive fell victim to a phishing scam that saw the Los Angeles-based maker of children’s toys wire a cool $3 million to Chinese hackers.

Expertly timed during a period of corporate change, the email hit the inbox of the unnamed executive and requested a new vendor payment in the amount of $3 million to a vendor in China. Mattel, of late, has been in a period of change as new CEO Christopher Sinclair had only officially taken over after Mattel had fired his predecessor — a move that aided the con artists.

Read more on TheNextWeb.

About the author: Dissent

Comments are closed.