Hackers steal Amazon sellers’ funds in “extensive” attack

Hackers steal Amazon sellers' funds in "extensive" attack

Amazon says it was a “serious” attack targeting 100s of sellers.

The American e-commerce and technology giant Amazon.com, Inc. has announced that it was hit by a fraud attack in which unknown hackers targeted over 100 sellers stealing their earnings they made through sales or loans.

See: Crooks are selling “Digital Doppelgangers” to bypass anti-fraud protection

The attack, according to Bloomberg, took place between May 2018 and October 2018 with sellers having accounts at Barclays and Prepay Technologies after their details were changed and cash fraudulently transferred to accounts owned by hackers.

Although it is unclear how much money was stolen Amazon believes the attack was a result of a phishing scam tricking sellers into handing over their login and financial information to the hackers.

Amazon believes that it was an “extensive” and “serious” attack. The company’s lawyers are seeking permission to check bank accounts at Barclays and Prepay in a bid to track down the transaction and fraudsters behind the attack, said Bloomberg citing legal documents.

It was not so long ago when Amazon suffered a major data breach in which names and email addresses of its registered customers were exposed on its website – The incident occurred a few days before Black Friday last year.

It is worth mentioning that phishing attacks are surging and most common victims are unsuspected online users. Just yesterday, the world’s largest Bitcoin cryptocurrency exchange Binance announced that hackers stole roughly 7,000 bitcoin (worth over $40 million) from its hot wallet after using malicious techniques including phishing.

Therefore, if you are an Amazon.com user, make sure never to share your banking or login credentials with anyone. Also, do not fall for phishing scam asking for email and password in plain sight. If you wish to protect yourself from phishing scam follow these 5 tips – You can also use these 5 tips to keep fraudsters at bay. Stay safe online.

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