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Mattel nearly loses $3M to a classic phishing scam

March 29, 2016 - Uncategorized

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. The phishing email was unremarkable and came…

This story continues at The Next Web

Source: The Next Web

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