Can’t find that present? Blame the ‘Grinchbots’: Online hackers are frustrating shoppers by buying up popular products using sophisticated software programs and selling them at inflated prices when stocks run out
- Sophisticated software programs – referred to as Grinchbots because they ruin families’ Christmas plans – are being used to target in-demand products
- Once items have run out, they reappear at higher price on internet marketplaces
- Practice is similar to online ticket ‘scalping’, when automated bots descend
Online hackers are frustrating shoppers by buying up popular products and selling them at inflated prices when stocks run out.
Sophisticated software programs – referred to as Grinchbots because they ruin families’ Christmas plans – are being used…
