Amazon Seller Accounts Hacked - Sellers Beware!

Amazon recently announced that they had been hit by an "extensive" fraud, revealing that unidentified hackers were able to siphon funds from merchant accounts over six months last year - between May and October. Here are the bullet points of this story:

  • Amazon has not disclosed the extent of the damage but that over 100 seller accounts were victim to the attacks.
  • Hackers siphoned money from merchant accounts into their own accounts and they reportedly took out loans based on the accounts line of credit.

We've said it before, treat your Amazon Seller account as if it is your bank account.