CyberNews Briefs

Amazon Hit by Extensive Fraud With Hackers Siphoning Merchant Funds

Last year, threat actors obtained unauthorized access to around 100 Amazon seller accounts, which enabled them to change the bank details for the accounts and subsequently transfer funds from loans and sales to bank accounts under their control.

The e-commerce giant has investigated the extensive fraud operation, which was active between May and October of 2018. The firm believes that the attackers initially obtained login credentials to seller accounts by means of a phishing campaign. It has not been revealed how much money the hackers were able to steal.

Read more: Amazon Hit by Extensive Fraud With Hackers Siphoning Merchant Funds

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