Amazon Hit by Extensive Fraud With Hackers Siphoning Merchant Funds

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Amazon Hit by Extensive Fraud With Hackers Siphoning Merchant FundsAmazon believes it was the victim of a 'serious' online attack by hackers who broke into about 100 seller accounts and funneled cash from loans or sales into their own bank accounts, according to a U.K. legal document. The hack took place between May and October 2018, Amazon’s lawyers said in a redacted filing from November that can now be made public. Amazon said it was still investigating the compromised accounts and believed that hackers managed to change details of accounts on the Seller Central platform to their own at Barclays Plc and Prepay Technologies Ltd., which is partly owned by Mastercard Inc., according to the filing.


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