Nice explanation Sparky- but would not the real Ebay account holder get confirmation of the item being listed, and also the buyers question?
Possibly, but the authorized account holder may simply ignore the email, or think it's simply confirmation that they've 'corrected' the alleged issue.
All the scammer has to do is wait a week or two to see if they still have access to the account. If so, they merrily use it to siphon money from honest, hard-working folks.
Remember, this scam can be perpetrated on a massive scale, since it's all electronic. So let's play a numbers game. Let's say you're a scammer, and you purchase an email list of 1 million addy's. Let's pretend that just 1% of the recipients fall for it. You now have the names & passwords of 10,000 ebayers. Now, suppose half of those use the same name & password at PayPal. You now have 5,000 potential accounts you can hijack.
So you begin to perpetrate your scam. You first log into those 5000 accounts and change the bank account associated with them. Yes, probably 95% of the original users will pick this up on their radar and take action. But the other 5% aren't as vigilant.
To do the math for you, that's
250 accounts you now have
full access to. And with the right computer skills, this can be done in rather short order. So you toss out a P3P for sale for $429 on one account, and other high$ items on the other accounts, then sit back and wait for the money to roll in. Let's say the average price of your alleged items offered is $500. Out of those 250 accounts, let's say 10% of them have a duped buyer who's not on his toes before someone (like ebay, in this case) wises up. 25x$200=$12,500. Not bad for a day's work.
Tomorrow, the f*@*ing &(*&as-~+=_$ douche-bags do it all over again.
other parties account was hacked, they cancelled the transaction, getting my refund and looking to buy another p3 pro lol well atlas I tried haha
Fantastic!