Cybersecurity
Amazon Hit by Extensive Fraud With Hackers Siphoning Merchant Funds
- Amazon asked U.K. court for bank details linked to hackers
- Hackers break into about 100 accounts, according to documents
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Amazon.com Inc. said it was hit by an "extensive" fraud, revealing that unidentified hackers were able to siphon funds from merchant accounts over six months last year.
Amazon 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 2018 and October 2018, Amazon’s lawyers said in a redacted filing from November that can now be made public.