How consumers can avoid fraud amid big sales week for Amazon, Walmart

  • With e-commerce surging during the coronavirus pandemic, Prime Day and the 2020 holiday season may be the perfect hunting ground for online fraudsters.
  • Business Insider spoke with Amazon’s former Director of Corporate Development Aaron Barfoot, who now serves as the chief financial officer of online security firm Forter. 
  • “Good online hygiene means paying attention and being alert,” Barfoot said. 
  • Visit Business Insider’s homepage for more stories.

It’s a potential nightmare for anyone who’s ever shopped online: checking your bank account or credit card statement to find that a cybercriminal has stolen your identity and run up a huge bill.

During Amazon’s two-day Prime Day sales event and the upcoming 2020 holiday season, that’s a scenario that could become reality for more shoppers than ever before. Former Amazon Director of Corporate Development Aaron Barfoot — who now serves as chief financial officer for online fraud prevention firm Forter — said that 2020 may prove to be an especially risky year for online shoppers, thanks to the surge in online purchases during the coronavirus pandemic.

Forter estimates that transactions by first-time online shoppers have spiked from between 4% to 5% last year to around 10% to 14% in 2020. The overall increase in online transactions makes it “easier for a fraudster to hide,” Barfoot said. In its annual fraud report tracking e-commerce transactions, Forter also found that fraud pertaining to “buy-online-and-pickup-in-store” orders has already increased 55% year-over-year.

“More new customers are going online for the first time,” Barfoot told Business Insider. “Once those new customers are online, they are more susceptible to fraud.”

Those looking to prey upon the influx of inexperienced e-commerce shoppers — especially elderly customers and those without the digital savvy to create strong passwords — come armed with a playbook of fraudulent moves. Hussein Ahmad, CEO of digital

7 Big Tech Stocks to Buy For Blockchain And Crypto Exposure

Following the creation of the first cryptocurrency Bitcoin (BTC) in 2009, other cryptocurrencies such as Ethereum (ETH) and Ripple (XRP), followed suit to bring further attention to blockchain technology.

But there’s a lot of potential for the blockchain. According to recent research led by Vida J. Morkunas of Lulea University of Technology, Sweden and published by the Kelly School of Business, Indiana University:

“Emerging technologies regularly serve as enabling forces for economic, social, and business transformation.. [B]lockchain placed among the top five technology trends in 2018… Therefore, blockchain is predicted to challenge existing business models and offer opportunities for new value creation.”

As you probably know, the blockchain is a public digital ledger and a record-keeping technology. All transactions that have written in blocks are immutable, and information can never be erased. Furthermore, they are transparent to all parties in question.

And while blockchain-based decentralized cryptocurrencies, such as Bitcoin, draw much attention, analysts concur there are significant opportunities for many industries in this disruptive technology. At present, the global blockchain market is valued at $3 billion, but is expected to reach $40 billion by 2025.

Here are 7 big tech stocks to buy for blockchain and crypto exposure:

  • Alibaba (NYSE:BABA)
  • Intel (NASDAQ:INTC)
  • Intercontinental Exchange (NYSE:ICE)
  • Overstock.com (NASDAQ:OSTK)
  • Reality Shares Nasdaq NexGen Economy ETF (NASDAQ:BLCN)
  • Silvergate Capital (NYSE:SI)
  • Square (NYSE:SQ)

Regular InvestorPlace.com readers are likely familiar with a wide range of the companies responsible for the blockchain technology these cryptocurrencies are based on. There’s a big runway for potential growth here.

Big Tech Stocks to Buy for Blockchain and Crypto: Alibaba (BABA)

Alibaba Group (BABA) headquarters sign located in Hangzhou China

Source: Kevin Chen Photography / Shutterstock.com

52-week range: $163.42 $302.61

As the leading e-commerce platform and enterprise cloud services provider in China, Alibaba

Walmart Big Save Event rivals Prime Day: Here are the best deals, ends Oct. 15

A number of stores are offering shoppers deals on thousands of items online and Walmart is the latest to get in on the action.

The Walmart deals come as Amazon ramps up sales on a variety of items, including tech for Prime Day.

The “Big Save Event” launched on Walmart.com over the weekend and promises plenty of deals through Thursday, Oct. 15.

Those taking advantage of the online sale will see deals on categories like electronics, home, toys, beauty, fashion and more from Walmart, as well as its Marketplace sellers.

Shoppers will be able to get free two-day shipping on orders over $35 for some items. They may be able to get free NextDay delivery one some items and could opt for in-store pickup on many products.

Here are some of the top deals:

Home

Instant Pot Duo Crisp and Air Fryer, 6 Quart 11-in-1 One-Touch Multi-Use Programmable Pressure Cooker with Air Fryer Lid – 33% off, now $99

ionVac Robot Vacuum, Powerful (2000Pa Suction) Wi-Fi Connected – 45% off, now $99

Best Choice Products 16.9Qt 1800W 10-In-1 Family Size Air Fryer – 47% off, now $134.99

Keurig K-Duo Essentials Coffee Maker – 20% off, $79

TV

JVC 32″ Class HD (720p) Roku Smart LED TV (LT-32MAW205) – 24% off, now $98

JVC 55″ Class 4K UHD 2160p HDR Roku Smart LED TV LT-55MAW595 – 38% off, now $248

VIZIO 65″ Class 4K UHD Quantum Smartcast Smart TV HDR M-Series M65Q8-H1 – 10% off, now $698

SAMSUNG 58″ Class 4K Ultra HD (2160P) HDR Smart QLED TV QN58Q60T 2020 – 22% off, now $698

Tech

Apple Watch Series 3 GPS – 38mm – Sport Band – Aluminum Case – 15% off, now $169

Bose QuietComfort 35 Wireless Noise Cancelling Bluetooth Headphones II with Google Assistant – 43% off, now $199

Manhattan Emptied Out During the Pandemic. But Big Tech Is Moving In.

Facebook has just leased enough new office space in Manhattan to nearly triple its current local work force, including at one of the city’s most iconic buildings, the 107-year-old former main post office complex near Pennsylvania Station.

Apple, which set up its first office in New York a decade ago, is expanding to another building in Manhattan. And Google and Amazon are stitching together corporate campuses in the city more quickly than anywhere else in the world. Amazon paid roughly $1 billion in March for the iconic Lord & Taylor building on Fifth Avenue.

Despite a pandemic that has ravaged New York, hollowed out many of its office buildings and raised fundamental questions about its future, the four companies collectively known as Big Tech are all significantly expanding their footprint in the city, giving it a badly needed vote of confidence.

With fears that the virus could spike again in the colder months, many companies are grappling with how, when and even if office workers will come back to buildings in Manhattan. And the tech giants have not brought their workers back yet, either.

Even so, the giants have not only moved forward with previous growth plans, but have also increased their pace of hiring and office acquisition during the pandemic.

The industry’s embrace of New York City comes despite the tumultuous reception that Amazon received last year when it proposed building a sprawling headquarters in Queens. Amazon abandoned the plans in the face of political and community opposition, but now has acquired more than 2 million square feet of office space for corporate workers, as well as warehouses from Staten Island to Queens to the Bronx.

After Amazon bought the Lord & Taylor building, it announced in August that 2,000 employees would eventually work there, increasing by half its

iPhone 12 launch day: Apple’s big event was quite a whirlwind

This story is part of Apple Event, our full coverage of the latest news from Apple headquarters.

Apple set Oct. 13 as the date for its latest iPhone’s debut, and the day finally arrived. Here’s everything Apple announced on Tuesday, including four versions of the iPhone 12 and the $99 HomePod Mini. And here’s how to preorder the entire iPhone 12 lineup.

Like Apple’s Worldwide Developers Conference and the Apple Watch and iPad launch event earlier this year, the iPhone event took place entirely online, livestreamed on Apple’s website. CNET also hosted a live watch party, which you can rewatch above.


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Apple’s fall product launch this year is expected to touch off a wave of upgrade purchases, analysts say, with fans eyeing the iPhone’s new 5G capabilities and boxier look, similar to that of the iPad Pro. A “staggering” 53% of respondents plan to buy this year’s iPhone, according to a survey by electronics reseller Decluttr. Flashier rivals — such as Samsung’s Galaxy Z Fold 2, with its foldable display, or Microsoft’s Surface Duo, with two screens sandwiched together — offer new spins on the standard metal-and-glass smartphone construction. But most consumers will likely gravitate toward what they know.

And even if the new iPhone only offers a few new bells and whistles beyond a different exterior design and a new blue color option, it’ll draw the lion’s share of attention.

Apple’s invitation, which often offers clues, had an Apple logo inside circles with hues of blue, orange and red. And there’s a pun: “Hi, Speed.” 

apple-event

Look at Apple making a pun.


Apple

This didn’t stop people from speculating about what other mysteries could be hidden in the invite’s