In this file:

 

·         Amazon Merchants Hit by Extensive Six-Month Fraud

·         Five Ways Grocers Can Thrive In The Age Of Amazon

 

 

Amazon Merchants Hit by Extensive Six-Month Fraud

 

By Jonathan Browning and Bloomberg, Fortune

May 8, 2019

 

Amazon.com Inc. 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 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 hackers managed to change details of accounts on the Seller Central platform to their own at Barclays Plc and Prepay Technologies Ltd., which is partly owned by Mastercard Inc., according to the filing.

 

The case 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.

 

Lawyers for Amazon asked a London judge to approve searches of account statements at Barclays and Prepay, which “have become innocently mixed up in the wrongdoing,” it said.

 

An Amazon spokesman didn’t have an immediate comment. Representatives for Barclays and Prepay didn’t immediately return emails seeking comment.

 

Amazon needed the documents “to investigate the fraud, identify and pursue the wrongdoers, locate the whereabouts of misappropriated funds, bring the fraud to an end and deter future wrongdoing,” the company’s lawyers said in the court filing.

 

The filing doesn’t say...

 

more, including links

http://fortune.com/2019/05/08/amazon-merchants-fraud/

 

 

Five Ways Grocers Can Thrive In The Age Of Amazon

 

Guy Bloch, Forbes Technology Council

May 8, 2019

 

“Why Amazon is Such a Threat to the Grocery Industry” and “Supermarket Bankruptcies Are Beginning to Pile Up” are only two of the many alarming headlines recently issued by top tier publications. These headlines serve as great examples of what is happening in the grocery industry these days, both right and wrong.

 

Although Amazon represents a threat to grocers because of its delivery capabilities and customer service, the changes in consumer expectations when it comes to delivery also present a tremendous opportunity. Grocers that are willing to adapt their operations to the Amazon Effect can improve their operations, maximize their profits and outmaneuver industry giants while providing their customers with the delivery experiences they expect.

 

Below are five key methods that grocers can use to capture more market share, with greater efficiency and happier customers than ever before:

 

1. Leverage Store Presence ...

 

2. Embrace New Fulfillment Methods ...

 

3. Deploy Point Solutions Strategically ...

 

4. Digitize Your Supply Chain ...

 

5. Make Customer Service A Top Priority ...

 

more, including links

https://www.forbes.com/sites/forbestechcouncil/2019/05/08/five-ways-grocers-can-thrive-in-the-age-of-amazon/