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eBay Draws Criticism For Allowing Hacking

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Mark Melin
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eBay Inc (NASDAQ:EBAY), among the world's largest electronic market places, is coming under attack for allowing apparent rule-abiding user accounts to be hacked by malicious fraudsters – and then in some cases is holding the victim of the hack responsible for the fraudster’s selling fees.

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Innocent users hacked to place fake listings on eBay

A recent BBC study found that Innocent user accounts were hacked so as to place fake listings on eBay Inc (NASDAQ:EBAY). Many of the targeted accounts had 100% positive feedback, and had sold hundreds of items. When one victim had his account hacked and he was locked out, when he contacted eBay about the problem...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.