Amazon calls for e-commerce fraud data-sharing

As organised fraud networks increasingly target multiple online marketplaces rather than a single platform, e-commerce companies should explore a common mechanism to share intelligence on bad actors, a senior Amazon executive said, adding that industry-wide collaboration is essential to tackle sophisticated fraud and counterfeiting operations.

“It would be a great idea to find common areas for us to share information,” Rohan Oommen, vice president, customer & partner trust at Amazon, told FE. He said organised fraudsters rarely restrict themselves to one marketplace, making it difficult for individual platforms to curb such activities on their own.