Mattel Was Victim of Money Laundering Cyber Scam

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Cyber scams can fool anyone — even global corporations. El Segundo-based toymaker Mattel fell victim to a $3 million fraudulent wire transfer scam last April, the Associated Press reports, and spent months trying to recover it. The scam was part of a larger criminal money laundering economy that has cost companies an estimated $1.8 billion, says the FBI.

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