American Toy maker Mattel Escaped a Ransomware Attack
American Toy maker Mattel Escaped a Ransomware Attack

A popular American toymaker named Mattel has disclosed a ransomware attack against its systems in its quarterly filings to the US SEC. The company said that attack was happening in July this year, and it acted accordingly to escape with minimal loss. It explained that only some of its services tampered for a while, and no data loss has occurred.

Escaping With Minimal Loss

Ransomware attacks have grown with a plan in recent times. Started with the Maze group and followed by others, ransomware attackers are stealing the sensitive data from systems before encrypting the systems. This gives them an added advantage of forcing victims to lean more onto their demands of paying the ransom since they threaten to leak the data of not paid.

This trick worked, as many ransomware groups made incredible gains since then. Thus, cybersecurity firms and researchers have warned companies to protect themselves with high-end security measures, and be skeptical of any suspicious files. Mattel had done so in July 28th this year, where the toymaker was attacked by an unnamed ransomware group.

The company has disclosed this in the 10-Q form submitted to the US Securities and Exchange Commission (SEC), as a part of quarterly filings. The company said it acted promptly after realizing the attack, thus able to save other systems from the being encrypted. It said, “Promptly upon detection of the attack, Mattel began enacting its response protocols and taking a series of measures to stop the attack and restore impacted systems.”

Further, “Mattel contained the attack and, although some business functions were temporarily impacted, Mattel restored its operations.” It also assured that no “sensitive business data or retail customer, supplier, consumer, or employee data” was stolen from the incident.

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