• 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

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  • Senate Majority Leader Mitch McConnell said Senate Republicans would vote on “targeted relief” with a focus on small business aid later this month.
  • “Our first order of business will be voting again on targeted relief for American workers, including new funding for the PPP,” McConnell said in a statement.
  • The statement carried few specifics and it was unclear whether the proposal would contain federal unemployment benefits or $1,200 direct payments for taxpayers.
  • Trump is increasing his calls for another large stimulus package ahead of the election, and it may put the president and Senate Republicans on a collision course.
  • Visit Business Insider’s homepage for more stories.

Majority Leader Mitch McConnell announced on Tuesday the Senate will vote on a “targeted relief” plan for people with an emphasis on small business aid shortly after they reconvene later this month. But that may put Senate Republicans on a collision course with President

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The gap between big Nigerian banks and their mid/small counterparts in terms of asset and profitability has continued to widen, an analysis by TheCable has shown.

Guaranty Trust Bank Plc, the largest lender by market capitalisation, has an average return on equity (ROAE) of 26.0 percent, Zenith Bank has 21.7 percent, and Access Bank 19.1 percent as at June 2020.

That compares with the ROAE of the largest Tier 2 lenders: FCMB (9.40 percent); Fidelity (12.90 percent); Union Bank (8.40 percent); Sterling (8.72 percent), and Wema, (5.42 percent).

Unity Bank has a negative ROE of 0.742 percent as its net income for the period under review was not enough to wipe out the negative shareholders’ fund of N278.24 billion.

Return on average equity (ROAE) refers to performance metrics that assesses of a company based on its average shareholders’ equity outstanding

Also, the combined total assets of the five Tier 1

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(Bloomberg) — Mercari Inc., the online flea-market operator that has become one of Japan’s most closely watched tech ventures, is closing in on new highs as the stock has drawn both big and small money.

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The company has already grown to command the largest weighting on Japan’s startup-focused Mothers index as individual investors buy in — of some 230 of the largest Japanese companies with market value of over $5 billion, Mercari has the third-highest percentage of individual shareholders. Then on Oct. 7, Los Angeles-based money manager Capital Group declared it had taken a 5% stake in Mercari.

That’s helping propel the stock to near the 6,000 yen mark it hit just once, on the day it listed to great fanfare in 2018. After a rapid decline, the stock has worked its way back up this year, fueled by its first quarterly operating profit. That’s been helped by

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A global economic watchdog on Monday said talks on how to overhaul taxes on big tech companies will stretch into 2021 after the coronavirus pandemic and “political issues” prevented the group from wrapping up by its end of the year deadline. 

The Organization for Economic Cooperation and Development (OECD) on Tuesday announced a two-pillar proposal to overhaul how big tech companies are taxed. The proposal was approved by a group with participants from 137 countries and jurisdictions. 

The proposal’s first pillar includes a blueprint to establish rules on where taxes should be paid and a way of sharing taxing rights between countries. The second pillar proposes establishing a global minimum tax for tech companies. 

The plan will be presented to Group of 20 finance ministers next week with the goal of putting the plan in place by the middle of next year if an agreement is reached, said Angel Gurria,

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The fixed order of the NFL is to give contracts to the big stars. If an organization gets hit by poor coaching, injuries, close losses, and underperformance of those stars, an unholy mess follows and the salary cap becomes a ball-and-chain. The Falcons are in the pit of that mess this week and owner Arthur Blank, at last, recognized it is time to fire head coach Dan Quinn and general manager Thomas Dimitroff. Atlanta is 0-5 and the ignominy of the dismissal wasn’t carried out on Zoom, but in a late-night statement Sunday.

All those contracts, the parade of big money, deal after deal, promise after promise, and the Falcons are winless. Quinn and Dimitroff were co-joined

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  • EU lawmakers are drawing up a “hit list” of Big Tech companies to target with new regulation, sources told the Financial Times.
  • The list will have up to 20 companies on it, and is likely to include big players such as Facebook and Apple, the sources said.
  • The EU is set to publish proposals for new technology laws in December.
  • Visit Business Insider’s homepage for more stories.

EU lawmakers are writing a “hit list” of Big Tech companies to target with tougher regulation, sources familiar with the matter told the Financial Times.

The sources did not say which names are on the list so far, but said it will feature up to 20 large tech companies, and that it is likely to include Silicon Valley behemoths such as Facebook and Apple.

Under draft plans for new legislation, the companies named on the list will have to abide by stricter regulations

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Like so many small businesses, a craft beer brewery close to me here in Northern California could have gone belly up when the COVID-19 crisis forced the closure of its two tap rooms and dried up demand from the bars and restaurants it sells to.

Instead, the owner swiftly altered his business model. Customers now can order and pay for their favorite ales, pilsners, or sours online and pick them up outside one of the tap rooms or request doorstep delivery. He spread the word through an email campaign and a rapid re-design of the company’s website. As a result, the owner recently told me, his sales are down only 10%, a remarkable number given the situation.

Most of us have similar stories. Amid a pandemic that has wreaked havoc on almost every industry and dealt heart-rending damage to Main Street America, businesses in our communities have shown an incredible

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Both sides in the debate over a ballot measure to change Illinois’ income tax system from a flat-rate to a graduated structure have straightforward arguments

Democratic Gov. J.B. Pritzker and other proponents call it the “fair tax” because it demands more from those with higher incomes. Those making less than $250,000 a year would pay no more than the current 4.95% flat rate.

Opponents point to the state’s history of political corruption, saying the proposal on the November ballot would loosen constitutional restraints on lawmakers’ spending.

THE PROPOSAL

The ballot question would amend the Illinois Constitution to discard the current income tax system, in which every individual pays the same flat rate, 4.95%, and corporations pay 7%. It would set up brackets, like the federal government and 32 other states. The tax rate would increase with income.

BIG STAKES, BIG MONEY

Campaign group Vote Yes for Fairness

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FILE – In this March 7, 2019, file photo, Gov. J.B. Pritzker outlines his plan to replace Illinois’ flat-rate income tax with a graduated structure at the State Capitol in Springfield, Ill. Both sides in the debate over changing Illinois’ income tax system from a flat-rate to a graduated structure, which voters face on this fall’s election ballot, have straightforward arguments.

AP

Both sides in the debate over a ballot measure to change Illinois’ income tax system from a flat-rate to a graduated structure have straightforward arguments

Democratic Gov. J.B. Pritzker and other proponents call it the “fair tax” because it demands more from those with higher incomes. Those making less than $250,000 a year would pay no more than the current 4.95% flat rate.

Opponents point to the state’s history of political corruption, saying the proposal on the November ballot would loosen constitutional restraints on

Read More