Amazon hit by extensive fraud: Hackers stole money from 100 seller accounts

Amazon found the accounts were likely compromised by phishing techniques that tricked sellers into giving up confidential login information

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 UK 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.

Amazon said it was still investigating the compromised accounts and believed that