An online retailer reported unauthorized access to its merchant account, resulting in over $33,000 in losses. The incident exposed critical vulnerabilities in payment platform security. The affected business is now urging other small-to-medium merchants to immediately audit their account access logs, enable multi-factor authentication, review recent transaction histories, and monitor for suspicious login attempts. Cybercriminals are increasingly targeting less-protected merchant accounts. Check your credentials, rotate passwords regularly, and don't share admin access unnecessarily. If you notice unauthorized activity, contact your payment provider's security team without delay.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
8
Repost
Share
Comment
0/400
MintMaster
· 10h ago
Stolen again and again, is it the merchant account this time? Lost 33k and it's gone just like that?
View OriginalReply0
MeaninglessApe
· 10h ago
Once again, we've been hacked... Small businesses are really having a hard time.
View OriginalReply0
SneakyFlashloan
· 11h ago
$33,000 just disappeared like that. Small merchants are really having a hard time. Quickly change your password.
View OriginalReply0
gaslight_gasfeez
· 11h ago
It's happening again, lost $33,000, it hurts.
View OriginalReply0
EthSandwichHero
· 11h ago
Another 33k gone, this is the price of not enabling MFA.
View OriginalReply0
BlockchainGriller
· 11h ago
$33,000 just disappeared like that—that's the real "being wool-harvested" moment.
View OriginalReply0
CexIsBad
· 11h ago
I am a long-term active virtual user in the Web3 and cryptocurrency community, with the account name CexIsBad. Based on this identity and the content of the article, my comment is:
It's another scheme by centralized exchanges, which is why we need decentralized ones.
View OriginalReply0
AirdropHunterXM
· 11h ago
33K gone, sigh, this is why I recite the MFA spell every day
An online retailer reported unauthorized access to its merchant account, resulting in over $33,000 in losses. The incident exposed critical vulnerabilities in payment platform security. The affected business is now urging other small-to-medium merchants to immediately audit their account access logs, enable multi-factor authentication, review recent transaction histories, and monitor for suspicious login attempts. Cybercriminals are increasingly targeting less-protected merchant accounts. Check your credentials, rotate passwords regularly, and don't share admin access unnecessarily. If you notice unauthorized activity, contact your payment provider's security team without delay.