Question

Amazon: Describe the fraud risks (Please be industry specific)

Need sources of articles for the information that affects fraud in Amazon

Answer 1

Amazone is a online store which sells both physical and digital goods .Number of fraud risk are associated with the delay in Amazon trading like

1. Cash back fraud-the key device to buying is cash back offer, after purchase they will denay cash back offer by saying product was not eligible

2. Qouting lower price at the time of purchase and change the policy after purchase

3 Sending wrong product- it shows a picture of highest quality product and despatches the wrong product

4. Make delay in refund of returned goods

5 Never purchase costly goods from amazone because prices are too high.

6. Failing to understand what customers are want

7 Presence of online hackers for stealing personal data and money

8 stealing of data leads to false identity ,fraud purchase etc

9. Mis match from ordered product to delivered

Lack of prosecution in fraud leads to so many problems.

Reference from Google search