Chinese scammers take Mattel to the bank, Phishing them for $3 million

Thieves took advantage of a recent company shakeup and corporate policy regarding payments.

By Steve Ragan

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. The only thing preventing a total loss was a mixture of timing and luck, because the day following the attack happened to be a banking holiday in China.

Details of the attack against Mattel come from a report by the Associated Press, investigating money laundering and other financial crime in Wenzhou, China.

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