Amazon is warning customers of a new scam that asks you to cancel your Amazon Prime subscription or risk having it auto renewed at an unexpected price.The fake email is actually sent out by fraudsters who are attempting to steal your Amazon login information and gain banking account access.

Prime members are being urged to stay vigilant following a new scam warning by Amazon as its annual Prime Day event gets underway.Prime Day is often used by scammers as cover for phishing attempts and impersonation fraud.

The good news is shoppers with an Amazon Prime membership will get access to lots of good deals. The bad news is they'll be targeted by scammers looking to take advantage of the major shopping event. On Monday morning, the retail giant sent an email to customers warning them about a particular phishing scam on the rise.