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Toy Manufacturer Mattel Suffers Ransomware Attack

HomeSecurity AwarenessToy Manufacturer Mattel Suffers Ransomware Attack
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Ameya Hivarkar
Being a 15-year-old, Ameya is interested to learn new things ranging from gaming to technology. He is passionate about keeping you all updated with his knowledge about new gaming trends and technology globally. He is currently contributing to BLARROW as a Content Writer.

The U.S. toymaker company Mattel suffers a form of a Ransomware attack on 28th July 2020. Before talking about it, We will see What is Mattel?

What is Mattel?

Mattel is a U.S toymaker company which was founded in January 1945 in Hawthorne, California, U.S. Founders of this company are Harold Matson, Elliot Handler, and Ruth Handler. This company has made various famous toys which are played worldwide, The toys are, Barbie, Monster High, American Girl, Ever After High, Fisher-price, Hot Wheels, Hot Wheels Mega, Thomas and Friends, Monsters of the Universe, Match Box, May Steel, Polly Pocket, UNO and many more. In this company, around 25,800+ employees are working for making toys, designing them, and delivering them to all the children worldwide.

What was the Ransomware Attack?

As we all Know that, Mattel is a U.S toymaker company that suffered a Ransomware attack on 28th July 2020, On this Date, Mattel discovered that is was a victim of a Ransomware attack on their information technology system. After that Mattel reported a 10 – Q form filled with security exchange commission, in which they told that they suffered a Ransomware attack on 28th July 2020, and it had a Minimal Impact on them. The Ransomware attack caused data on several systems to be encrypted, by seeing this Mattel began enacting its response to protocols and started taking several series of measures to stop the attack, Some Business functions were temporarily impacted.

Due to the Forensic report, the data encrypted by hackers didn’t include any kind of sensitive business data, retail customer, supplier, consumers or employees data was also not identified. Mattel also told that the attack has made non of Material impact to Mattel’s operations or financial conditions. After the investigation process, Mattel didn’t believe that any sensitive business data or internet data was not stolen by Ransomware attack.

Barbie makers Mattel hit by ransomware: TrickBot possibly to blame

After reading till here, You all might be thinking, What is Ransomware and How it works?

What is Ransomware?

Ransomware is a form of malware that encrypts a victim’s files. The attacker then demands a ransom from the victim to restore access to the data upon payment. Users are shown instructions for how to pay a fee to get the decryption key. The costs can range from a few hundred dollars to thousands, payable to cybercriminals in Bitcoin.

How does it work?

There are various types in Ransomware, Which can directly take part in your computer. But one of the most dangerous and common is Phishing Spam. This  Virus comes to the victim in a form of email, Masquerading as a file they should trust on. Once the file is downloaded and opened, The virus enters the victim’s computers and transfers all the personal data to the attacker.

There are also some other, more aggressive forms of Ransomware, and one of them is NOT PETYA. This virus exploits security holes to infect computers without using any kind of trick.

In this case, the company did not provide any kind of details on the nature of attack and the type of Ransomware virus that attacked the company.

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