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Chinese Scammers Take Mattel To the Bank, Phishing Them For $3 Million (www.cbc.ca)

itwbennett quotes a report from The Associated Press: Mattel, the popular toy maker behind Barbie and Hot Wheels, was the victim of a phishing attack last year that nearly cost them $3 million. On April 30, 2015, a Mattel finance executive got a note from the new CEO, Christopher Sinclair, requesting a new vendor payment to China. Transfers required approval from two high-ranking managers; the finance exec qualified and so did the CEO. The transfer was made. The only thing preventing a total loss was the fact that the following day was a bank holiday. Details of the attack against Mattel come from a report by the Associated Press, investigating money laundering and other financial crime in Wenzhou, China.

2 of 63 comments (clear)

  1. Re:. . . and can we assume. . . by Thanshin · · Score: 5, Funny

    . . . .that the "finance executive" is no longer employed by Mattel ?? I note that in all the reports, this executive is carefully not named. . .

    In Mattel they don't kid around with failure. Not only you're "disappeared", they even continue de proud tradition of Damnatio memoriae, by which they delete every single mention to your name. Just as Horemheb tried to do with Akhenaten.

    The pyramids were made by successively piling lego shaped rocks. Lego, the direct competence of Mattel! Coincidence? I think not.

  2. Re:Three waves by __aaclcg7560 · · Score: 4, Funny

    The first wave of people to immigrate are the people seeking education.

    The Puritans came to America not to escape from religious persecution in Europe but to learn how to grow corn from the Native Americans?