Amazon Hacked, In A Slow-Motion Fraud

By on May 17, 2019

May 17, 2019

Over a period of about six months, hackers siphoned cash from about 100 Amazon merchant accounts to accounts the hackers controlled at two financial services companies. Amazon explicitly acknowledged that the two companies, Barclays Plc and Prepay Technologies Ltd., were “innocently mixed up in the wrongdoing,” but it asked a judge for permission to inspect relevant account statements at those institutions as part of its effort to track down the hackers. This case, says this Fortune article, “highlights how the world’s biggest online retail platform – designed to be automated with minimal human input – can be misused and how difficult it is for Amazon to find perpetrators.”

Read the full article at:

Fortune

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