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

Tesla’s Revamped Self-Driving Software Will Go Into Beta Testing Next Week

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Tesla’s long-awaited, revamped Autopilot is moving one step closer to becoming a reality.

After years in development and no shortage of serious setbacks, the California-based electric car giant is set to begin beta testing its new self-driving software next week. Following a complete system rewrite, the select group of chosen drivers will gain access to the update, which will include Full Self-Driving (FSD) mode, a significant advance from previous editions. In April, founder Elon Musk announced that the autonomous feature would be publicly available by the end of 2020, but that deadline is fast approaching.

Getting fully operational is critical for the automaker on more than one front. Not only will it be a boon to the company for being the first major marque to have such autonomous driving widely available, but it is also a necessity before Tesla can deploy the self-driving taxis it hopes to have on the road in a handful of markets sometime next year.

There isn’t any word yet on how long testing will proceed, but it will most likely need to be extensive if Tesla hopes to bring the program to market smoothly. Its many revisions and missed deadlines have raised eyebrows in the auto industry, though not nearly as much as the multiple fatal collisions that have occurred while previous generations of its Autopilot were in use.

None of that news seems to have dissuaded investors, however. Even during the worst phase of the coronavirus pandemic so far, Tesla has performed phenomenally well even as its competitors have struggled. Rally after

What We’re Teaching at ExtraCurricular This Week

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Photo credit: .

From Cosmopolitan

Sooo…how’s your fall semester going? Actually, nevermind. We know, and we’re sorry. That’s why we created ExtraCurricular. ICYMI: we’ve created an entire semester’s worth of classes—free! free classes!—to give you everything that (campus) life just…isn’t right now.

sign up here

It’s College 2.0, and you’re invited, whether you’re:

  • surviving Intro to Econ literally right this sec (btw, you forgot to mute your Zoom and everyone can hear your roomie yelling at her bf)

  • or post-college and out in the real-world also on Zoom

And *drumroll* school is officially in session starting this week! Tonight at 7 p.m. ET, Bea Arthur, a licensed mental health counselor, award-winning entrepreneur, and CEO of The Difference (which provides on-demand access to therapy as Amazon’s first mental health Alexa Skill), will school you on how to do the (seemingly) impossible: avoid burnout when we’re hustling 24/7. She’ll break down the definition of “burnout” and how to recognize its symptoms, plus she’ll examine the bad habits (the feels kind, and real-life kind) burnout typically brings on and the good habits we can adopt to sidestep it in the first place. Feeling better already, TBH.

On Thursday, also at 7 p.m. ET, Maxie McCoy, host and executive producer of Woman On (a new digital experience that feels like talk show meets Sunday School—except not religious) and author of You’re Not Lost: An Inspired Action Plan for Finding Your Own Way, will teach you how to build a website as fancy as your résumé—no graphic design degree required, promise! And she should know: she did it all herself for years, and now she’s sharing all her hacks exclusively with you.

Here’s the thing: the job market is tougher than ever, and even in “normal” times, you’re probs not getting what

Walmart’s Big Save deals and more from Amazon’s rivals in Prime Week

Amazon isn’t the only store with blowout bargains this week. Its largest rivals are joining the discount party, too.



a van parked on the side of a road: RICHMOND, CALIFORNIA - SEPTEMBER 03: Amazon Prime delivery vans sit parked near a Walmart store on September 03, 2020 in Richmond, California. Walmart has announced plans to launch Walmart Plus delivery service to compete with Amazon Prime. The $98 per year service will offer free delivery of food and items available from nearby stores. (Photo by Justin Sullivan/Getty Images)


© Justin Sullivan/Getty Images
RICHMOND, CALIFORNIA – SEPTEMBER 03: Amazon Prime delivery vans sit parked near a Walmart store on September 03, 2020 in Richmond, California. Walmart has announced plans to launch Walmart Plus delivery service to compete with Amazon Prime. The $98 per year service will offer free delivery of food and items available from nearby stores. (Photo by Justin Sullivan/Getty Images)

Prime Day kicks off Tuesday following a pandemic-induced postponement from its typical slot in July.

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The Amazon sales extravaganza features deep discounts, translating into massive sales. Last year, it said the two-day event was “once again the largest shopping event” in its history and surpassed its sales for 2018’s Black Friday and Cyber Monday combined.

It’s not a surprise that Walmart, Target and others want to get in on the action. Especially this year, with the traditional Black Friday event scuttled and the holiday shopping season upended because of Covid-19.

Here’s who else having sales this week:

Best Buy

Black Friday is starting Tuesday for the thriving electronics retailer.

Best Buy is promising shoppers “dozens of deals straight from the not-yet-released Black Friday ad” over the two days. Purchases will come with a “guarantee,” with Best Buy refunding the difference if the item’s price drops before the actual Black Friday.

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This week’s event is just a portion of holiday deals because it’s releasing more deals later this month.

BJ’s Wholesale Club

The membership warehouse club is kicking off its holiday sales event Tuesday with the “Beyond

Colts vs. Browns odds, line: 2020 NFL picks, Week 5 predictions from proven computer model

The Cleveland Browns will take on the Indianapolis Colts at 4:25 p.m. ET on Sunday at FirstEnergy Stadium. The Browns are 3-1 overall and 2-0 at home, while Indianapolis is 3-1 overall and 1-1 on the road. The latest Browns vs. Colts odds from William Hill list this game as a pick’em, while the over-under is set at 47.5. Before entering any Colts vs. Browns picks, you’ll want to see the NFL predictions from the model at SportsLine.

The model, which simulates every NFL game 10,000 times, is up over $7,300 for $100 players on top-rated NFL picks since its inception five-plus years ago. It’s off to a strong 7-4 roll on top-rated NFL picks this season. The model enters Week 5 on an incredible 103-69 run on top-rated NFL picks that dates back to the 2017 season. 

The model ranked in the Top 10 on NFLPickWatch in three of the past four years on straight-up NFL picks and beat more than 95 percent of CBS Sports office pool players three times during that span. Anyone who has followed it is way up.

Now, the model has set its sights on Browns vs. Colts. You can head to SportsLine to see its picks. Here are several NFL betting lines for Colts vs. Browns:

  • Browns vs. Colts spread: Browns PK
  • Browns vs. Colts over-under: 47.5 points
  • Browns vs. Colts money line: Cleveland -110, Indianapolis -110

What you need to know about the Browns

Cleveland beat the Dallas Cowboys 49-38 this past Sunday. Odell Beckham Jr.  had a stellar game for Cleveland as he scored on a rushing touchdown in addition to catching five passes for two TDs and 81 yards. He delivered a 50-yard TD run in the fourth quarter. Baker Mayfield completed 19 of 30 passes for 165 yards and