AMAZON HAS BECOME the latest victim of a fraud campaign after cybercrims hacked the bank accounts of almost 100 merchants.
The fraud occurred between May and October last year, according to Bloomberg, enabling hackers to transfer funds from merchant accounts. The report is based on redacted UK legal documents filed by Amazon in November 2018.
While specific details of the scam are not yet available, the documents suggest that hackers exploited sellers’ accounts and replaced credentials stored on the Seller Central platform with accounts at Barclays Plc and Prepay Technologies Ltd. The first fraudulent transaction was carried out on 16 May 2018, as per the filing.