Scalpers use bots to buy out all the best gifts and resell them at much higher prices.
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Scooped by
Judy Curtis / SIPR
onto Security & the Internet of Things: IoT, OT, IIoT November 27, 2018 10:34 PM
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Democratic lawmakers want to shut down shopping bots beloved by scalpers...The proposed "Stopping Grinch Bots Act" would make it illegal to use bots to shop online and also outlaw reselling items purchased by bots.
Lawmakers label them "Grinch" bots because, during the holiday season, resellers use them to buy inventory of highly coveted toys that can be resold at highly inflated prices. These bots are so quick that they can purchase entire stocks of items before people can even add them to their carts.