Amazon’s Self-Publishing Service A Target for Fraudsters
Authors using Amazon’s self-publishing service have more on their minds than selling books: Reports have surfaced that some have become the target of cybercriminals.
Brian Krebs of KrebsOnSecurity explained how the thieves have stolen authors’ identities and used them to launder money: Hackers upload fake but expensive paperback titles (one was sold for a whopping $555 per copy) to the stolen authors’ accounts on Amazon’s CreateSpace service. The cybercriminals then “buy” dozens of books, transferring funds to bank accounts. Authors usually receive 60 percent of a book’s list price.
Patrick Reames is one of the authors who have been scammed. He received a 1099 tax form from Amazon stating that he had made $24,000 last year. After some research, Reames discovered that someone else had published a book filled with gibberish called “Lower Days Ahead” under his name and account.
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