Mar 14, 10:45 PM

Amazon Refund Fraud Schemes Cost Retailers Billions, Impostor Scam Losses Triple to $2.7 Billion (2019-2023)

Refund fraud groups, operating like businesses, are using lenient refund policies to defraud retailers of billions of dollars. These schemes, promoted online on platforms like Reddit and TikTok, have led to significant losses, with impostor scam losses tripling to $2.7 billion between 2019 and 2023.

#Reddit #TikTok

Written with ChatGPT (GPT-3).

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Sam Ro 📈@SamRo
2 years ago
"...reported impostor scam losses tripled between 2019 and 2023 to $2.7 billion." https://t.co/VHyO65mwyk https://t.co/nOCfcF47de
Techmeme@Techmeme
2 years ago
How Amazon refund fraud gangs, which promote their schemes on Reddit, TikTok, and Telegram, are exploiting lenient refund policies at the company (@annierpalmer / CNBC) https://t.co/Rx50R5xnME 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/BHayfUZ9Fy
Slashdot Media@SlashdotMedia
2 years ago
Refund Fraud Schemes Promoted Online Are Costing Amazon and Other Retailers Billions https://t.co/m72rLF6IPL

Amazon Refund Fraud Schemes Cost Retailers Billions, Impostor Scam Losses Triple to $2.7 Billion (2019-2023)

Sources

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