Hackers exploit Myntra's refund glitch, defraud company of crores
3 months, 2 weeks ago

Hackers exploit Myntra's refund glitch, defraud company of crores

India TV News  

A significant case of fraud involving the online shopping site Myntra has come to light, with scammers reportedly stealing around Rs 50 crore. The scheme involved placing fake orders and taking advantage of Myntra's refund system. How the Scam Worked According to reports, scammers exploited a weakness in Myntra's refund system. Ongoing Investigation Myntra has a feature in its app that allows users to report issues with their orders, including missing items or incorrect deliveries.

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History of this topic

Myntra Loses Over Rs 50 Crore Nationwide In 'Refund Scam': Know How Scammers Operate
Trending News
3 months, 2 weeks ago

Myntra Loses Over Rs 50 Crore Nationwide In 'Refund Scam': Know How Scammers Operate

ABP News  

In a sophisticated refund scam, Flipkart-owned fashion website Myntra has lost millions of rupees after fraudsters exploited the company's customer-friendly refund policies. During this modus operandi, fraudsters place bulk items for high-value items like branded shoes, accessories, and apparel from E-commerce platforms. One of those E-commerce platforms, Myntra, provides customers with an option on its app to lodge complaints and …

Myntra duped of ₹1.1 crore in ‘refund’ scam by Jaipur-based gang: Here’s how they pulled it off
3 months, 3 weeks ago

Myntra duped of ₹1.1 crore in ‘refund’ scam by Jaipur-based gang: Here’s how they pulled it off

Live Mint  

Bengaluru: Most e-commerce fashion platforms offer a refund option to provide customers with the convenience of changing a product for colour, fit, or a range of issues. However, for Myntra, an Indian e-commerce fashion platform, the story turned out to be tragic after a gang from Jaipur cheated the company of ₹1.1 crore. How was Myntra cheated According to the …

Myntra loses Rs 50 crore after scammers placed fake orders, here is what happened
Trending News
3 months, 3 weeks ago

Myntra loses Rs 50 crore after scammers placed fake orders, here is what happened

India Today  

Myntra has reportedly faced a massive loss of Rs 50 crore due to a well-coordinated scam involving fraudulent orders. According to the report, fraudsters took advantage of Myntra’s refund system by placing bulk orders for high-value items like branded shoes, apparel, cosmetics, and jewellery. For your reference, the company’s app allows users to raise complaints for issues like missing items, …

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