Categories: Global Tech News

Amazon’s Third-Party Sellers Hacked

This was done by taking over dormant merchant accounts and changing the back account information.

 

The scheme consisted of using a hacked merchant account to post fictious merchandise at prices that are a steal (no pun intended). They would then make the sale via Amazon’s portal and collect the cash. This according to the Wall Street Journal.

 

Amazon does give a refund, but the owner of the dormant account suffers because they are liable for reimbursing he customers who never receive the ordered merchandise.
 

Jeremiah Grossman, chief security of SentinelOne, told NBC News, “This particular attack is almost two decades old. You shouldn’t allow a merchant account to sit dormant for long.”

 

 

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