Saturday , July 31 2021

Amazon says "obsessed" fraud allowed cyber criminals to sell Siphon from vendors' accounts

Amazon Center for Performance in Baltimore, 2017.
Photo by Patrick Semanski (AP)

British legal documents obtained from Bloomberg show that Titan Amazon's enamel plunged into "extensive" fraud that allowed cyber criminals to access up to 100 sales accounts and transfer money to their bank accounts, the company affirming to the news agency that she had a complete investigation into the incident.

Amazon's lawyers write in a document that they believed the fraud took place between May 2018 and October 2018, with the attackers succeeding to change the bank's credentials related to Seller's Central Accounts with those controlled by Barclays Plc and Prepay Technologies Ltd. , Bloomberg reported. Hence, it is simply about initiating transactions for withdrawal of bills, with stolen money coming from sales revenues and business-loans supported by Amazon.

In the documents, Amazon's lawyers have asked a judge in London to allow a search for statements about the accounts of Barclays and Prepay. They acknowledged that the two institutions "became innocent interfere with violations", Bloomberg writes, but added that such an approach is necessary "to investigate fraud, identify and perform abusers, locate where illegal assets are located, yes the deception was conveyed in the end and deterred future offenses. "

The Amazon legal team wrote in the documents that they believed that the information needed to break into accounts was obtained through phishing attacks. So the incident is not necessary due to any vulnerability in the Amazon systems. It is not clear how much money was stolen (although that was probably a lot).

Amazon has a disputed relationship with some third-party merchants on its platform, with complaints about unilateral agreements, advertising disputes for products that do not make money from Amazon, and reports of malicious environmental degradation, where traders compete for digital real estate and Amazon makes summary judgments with the iron fist.

Manufacturers reported Amazon incidents that push from third parties, where they can control prices, in the roles of sellers in their wholesale chain (and vice versa). Other reports have shown that Amazon has begun inquiries about whether its employees sell sensitive business data to merchants looking to play the system. With the ability of the company to face an antitrust action at a moment seeming to grow, Amazon and its CEO Jeff Bezos, sometimes appear to be defensive, arguing that the robust sale of Marketplace as evidence is not too powerful.


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