Amazon fined $2.25 million for failing to help identity theft victims

The Federal Trade Commission fined Amazon $2.25 million to settle claims that the company failed to help customers who fell victim to identity theft, as reported earlier by Bloomberg. In its complaint, the FTC accuses Amazon of refusing to provide customers with information about purchases made with fraudulent accounts, in violation of the Fair Credit Reporting Act (FCRA).
As alleged in the filing, identity theft victims who contacted Amazon "would often enter a Kafkaesque sequence" where a support agent wouldn't provide records related to a fraudulent account unless they could name the person who opened it.
In one instance, a victim attem …
Related Markets
All MarketsMarket data may be delayed. Not financial advice.
💡 AI analysis provides alternative perspectives on current events