In addition, the sophistication behind the creation of DeepFake videos increases the difficulty of identifying and detecting them, making them a much more effective and destructive tool for perpetrators.As the usage and threat of DeepFakes and Fake News intensifies, so do efforts to develop new detection methods, resulting in the next wave of (mis)information warfare. A spokesperson GlobeNewswire was a Nasdaq, Inc. subsidiary from September 2006 until April 2018 when West Corporation (now Intrado) acquired the Public Relations Solutions and Digital Media Services Businesses,[2] including GlobeNewswire, from Nasdaq. "When GlobeNewswire became aware this morning that a fraudulent user account was used to issue an illegitimate press release we promptly withdrew the press release and issued a Notice to Disregard. Some of those have primary usefulness information from an important source we might use right away. No, Walmart and Litecoin Are Not Partnering - The New Earlier this year, Peterson was found guilty on two counts of false certification in Securities and Exchange Commission filings and one count of securities fraud. 12.8 Cyber Security Agencies. Bitcoin prices also slipped after briefly turning positive following the hoax announcement. Walmart had no knowledge Pattern Analysis - looking and analyzing the behavior of people in the videos, learning the patterns, from hand gestures to pauses in speech, and comparing it to real life patterns. 1.3 Market Size - Assessment and Forecast - 2020-2026. The announcement made it on to Globe Newswire, a service widely used to Press release distribution has major blindspots when it comes to verifying information. Its unclear how the fake release made it past GlobeNewswires systems. The false press release said Walmart would allow its customers to make payments with litecoin at its online stores. As editors and reporters are researching companies and topics and writing news stories, they can easily access GlobeNewswire-distributed press releases without having to search through other databases or feeds. PRWeb is a subsidiary of Cision. The perpetrators of the hoax most likely made money in that time. Did you know? Cary Lee Peterson, 38, of Phoenix, was sentenced to 52 months in prison on charges unrelated to the super PAC on Thursday. Walmart Inc said on Monday that a press release announcing a partnership with litecoin, which briefly led to a nearly 30 per cent surge in the cryptocurrency's price, was fake. WebGlobeNewswire, the distribution service for press releases, is blaming a fake report on a purported Walmart-Litecoin partnership on bad actors. 11.6.1.2 Deep Machine Learning. Create a Reader Account today to follow the industries and companies that interest you, and customize your news dashboard. 11.6.2.5 Applications Types. 11.8.1.5 Market Dynamics 2020-2026. 6.2 North America Homeland Security & Public Safety Market Drivers. For the past century Fake News has become a significant problem, as exploiting news outlets and social media platforms to disseminate misinformation to influence individuals' actions has become widespread. "Ultimately it is our clients who author and are responsible for their own content," a Cision spokesperson said. 6.23 Failure of national governance. 11.8.1.3 Non Tech Solutions. NOW WATCH: WATCH: How advertisers can navigate the death of third-party cookies, according to execs from Mars Petcare, R/GA, The Washington Post, and The Trade Desk. WebThe fake release was published on GlobeNewswire, a communication services company that provides companies with a platform to disseminate announcements. Shortly thereafter, the article was deleted, but the damage had already been done. AI technology enables, basically anyone, to create a fake video that shows a person or persons performing an action at an event that never occurred. 2 Misinformation in Homeland Security, Public Safety and National Security Market Background & Assessment 2.1 Misinformation Definition & Background. Not every press release is going to generate a story and press releases fired into an information tornado on a busy day may not register. After falling prey to a fake release scandal involving a pharmaceutical company in 2010, Business Wire, which is owned by Warren E. Buffetts Berkshire Hathaway, prevented companies from using email to submit a release. The Canadian Press and GlobeNewswire | The And the Walmart-Litecoin fiasco isn't an isolated incident. Cryptocurrency enthusiasts noted another clue: Litecoins relative obscurity makes it an unlikely cryptocurrency choice for a retailer. This has never happened before and we have already put in place enhanced authentication steps to prevent this isolated incident from occurring in the future. 1.4 Market Dynamics 2020-2026. The Globe and Mail WebGlobeNewswire Says, In Response To Fake Walmart/Litecoin Release, Says Fraudulent User Account Was Used To Issue An Illegitimate Press Release; Says Will Work With Quotes displayed in real-time or delayed by at least 15 minutes. 11.8.4 Market Dynamics 2020-2026. GlobeNewswire delivers your releases over The Canadian Press Wire to almost 700 media outlets. Millions of people have lost their jobs. There is no question the S.E.C. We are a content wholesaler, helping our customers power their own digital, broadcast and print properties with our storytelling and services. The benefit to companies and organizations issuing press releases with GlobeNewswire is that their news and announcements are easily accessible to CP journalists across the country. WebBy that time, several major news websites and press agencies had spread the supposed news. 11.6.1.1 Machine Learning Methods. 11.7.1 What are Bot Networks. Torstar We do not carry or sell advertising, and we dont directly compete for reader or viewer traffic. Into May and June, a new normal settled in and our coverage reflected the efforts to work around the pandemic in a variety of corners of our lives. WebWest acquired GlobeNewswire and other PR tech assets from NASDAQ in 2018 for $335 million. Fake Walmart news release claimed it would accept As a subscriber, you have 10 gift articles to give each month. 6.15 Natural catastrophes. Which submarkets in this field provide attractive business opportunities? Bloomberg and Reuters, two of the media outlets that had written up the release, retracted and updated their articles. Since news announcements are often taking place at the same time, we can also now watch the archived meetings/webcasts and develop more comprehensive stories than in the past. PRWeb is known as one of the leaders in press AI analytics that can identify synthetic media, Content and social media monitoring tools (OSINT). 11.7.2 Bot Networks Detection Tools. Gerry: Walmart fake litecoin press release: How did it happen? "There's always going to be one-off situations that put a strain on the systems and processes you've developed," Terenzio said. The Securities and Exchange Commission is likely to investigate a hoax Walmart news release about Litecoin because Walmart is publicly traded, lawyers said. Traditionally, WebCHARLOTTESVILLE, Va., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Researchers from University of Virginia- Darden School of Business, Boston University, and University of Fake Walmart Announcement Exposes Holes in Press Domestically, CP generates all its own news. WebThe source seemed legit: An announcement posted on GlobeNewswire, a service for press release distribution. The article was primarily launched by a possibly hacked LiteCoin Twitter account; alternatively, active assistance to manipulate the market is also conceivable.[7][8]. It is an affordable option by Cision probably for small businesses. 6.9 Interstate conflict 6.10 Terror financing. Separately, the Litecoin Foundation tweeted it has not entered into a pact with the retailer. 11.7.2.1 Intent Analysis Tools. Some things cant be done from your home office. TotalEnergies adopts Wiztrust, Wiztopic's blockchain-based certification platform for corporate communication. The negative impact of Fake News, especially within the political, economic, and social environments is increasing, emphasizing the need to detect and identify these Fake News stories in near real-time. , an American news co-operative and the worlds largest and oldest news agency, is CPs most important strategic partner. Web vs Globe Newswire Services Revealed Monday morning, around the time U.S. equity markets opened for trading, a press release went out stating Walmart and Litecoin had a deal on a new payment option. A fake Walmart press release announcing a partnership with a cryptocurrency duped the media and investors. 6.8 Assets bubble. Every provincial government. While the announcement appeared authentic even including a statement purportedly from Walmarts chief executive, Doug McMillon there were clues it was fake. All further questions should be directed to GlobeNewswire," it stated. Tax revenues have plummeted, reducing the ability of governments to repay the accumulating deficits they are relying on to support Canadians through the crisis, or even pay for current services like transit, police and EMS. We are digging into it further to understand what happened, Mr. Hargrove said. 2020 Insights into DeepFake & Fake News Counter WebThe publication of a fake Walmart announcement Monday exposed how vulnerable press release distributors like GlobeNewswire are to bad actors hoping to dupe the media and When the fake Walmart release came out, Litecoin's value spiked more than 30%. Unlike virtually every other media organization in Canada, CP has no business-to-consumer relationships. 10 Threats Generated by Misinformation Campaigns 10.1 Election Campaigns and Politics. As a result, millions of dollars in crypto exchanges were liquidated. GlobeNewswire, the distribution service for press releases, is blaming a fake report on a purported Walmart-Litecoin partnership on bad actors. This year, specifically, with regards to the pandemic, the demand was for all pandemic, all the time. "No matter how many failsafes you have in place, nothing is ever going to be foolproof," he said. GlobeNewswire said in a statement that it had acted quickly to withdraw the illegitimate press release placed by a fraudulent user account. It added that this has never happened before and that it had in place enhanced authentication steps to prevent this isolated incident from occurring in the future. GlobeNewswire also said it would work with all appropriate authorities to investigate the matter. From breaking news to developing stories to elections, sports, entertainment, business and more, CP is well positioned to cover Canada, with bureaus and correspondents in: Gerry: 1.2 Market Dynamics & Opportunities. This can also be used for face audio detection. "Walmart had no knowledge of the press release issued by GlobeNewswire and there is no truth to it. Gerry: We will work with the appropriate authorities to request and facilitate a full investigation, including into any criminal activity associated with this matter," the company said in a statement provided to FOX Business. | Source: Sign up for notifications from Insider! Securities lawyers said there was little doubt the phony release would lead to an investigation by the Securities and Exchange Commission and possible charges against the fraudsters, whose identity was unknown. here GlobeNewswire, whose parent company, Intrado, is owned by the big private equity firm Apollo Global Management, competes with PR Newswire and Business Wire. Track Latest News and Karnataka Elections 2023 Coverage Live on NDTV.com and get news updates from India and around the world. GlobeNewswire issued a notice across its service confirming that journalists and other readers should disregard the news release, Walmart Announces Major Partnership With Litecoin (LTC)' issued September 13, 2021, over GlobeNewswire. The hospitality industry particularly has been front and center for consumers of news and information because outside of home, it is a tangible example of how life has changed. Fox Business Flash top headlines for September 13. Check out what's clicking on FoxBusiness.com. FAQ - New Privacy Policy. The Associated Press As an example, the day of the federal budget, everyone has an opinion on the budget. [6], In September 2021, GlobeNewswire published an unconfirmed fake news article that Walmart will accept Litecoin LTC payments. In 2013, a fake press release from Sweden-based Fingerprint Cards falsely claimed it was being acquired by Samsung for $650 million and in 2010, a fake press release was falsely claimed then-US President Barack Obama ordered an investigation into the food company General Mills. Legal Statement. Reuters withdrew its initial story. It is unclear whether the Securities and Exchange Commission or any other federal agencies are probing the incident. But press release distributors remain at risk because they issue thousands of press releases per day, especially during busy parts of the year like earnings season, said Charlie Terenzio, CMO at Newswire, a competitor to GlobeNewswire. , It claimed to be from Walmart and had some big news for the cryptocurrency industry: The nations largest retailer would soon begin accepting payment in Litecoin, a digital currency. All rights reserved. 9.3.1 OSINT (Social Media and Web) 9.3.1.1 Social Media Sources. La Presse Litecoins price jumped to about $230 from around $175 right after the news, then fell back and traded at around $180 after Walmart refuted the release. 11.8.3 Market Size - Assessment and Forecast - 2020-2026. 11.8.1.4 Market Size - Assessment and Forecast - 2020-2026. Keep scrolling and read the full interview below. And the long view of that has many angles to cover. 6.21 Energy price shock. Like the AP, their focus is international, whereas CPs focus is domestic Canadian news, complemented by APs world coverage. One office, Halifax, has partially reopened and our staff have worked hard to evolve to the reality of remote news gathering in many circumstances, but not all. 11.6 Counter Misinformation Technology Enablers & Applications. We were fortunate to have an opportunity to speak with Gerry Arnold, Executive Editor at The Canadian Press. Put your news release in front of journalists Get started with Intrado, our press release partner, by creating a free GlobeNewswire account: Registerfor your account (with our partner, Intrado). 2.4 Fake News & DeepFake Economic Damages. Stay up to date with what you want to know. It spawned immediate stories in major outlets like CNBC, Reuters, 6.22 Latin America and the Caribbean Homeland Security & Public Safety Market Drivers. 12.3 Market Dynamics 2020-2026. 11.8.5 Market Breakdown 2020-2026. An email earlier sent to a contact person in the statement remained 'undeliverable.' What will be the deepfake detection software market size in 2019-2025? 11.8.1.6 Market Breakdown 2020-2026. OR complete the form on this page and a GlobeNewswire representative will be in touch with you promptly. Posing as Walmart, scammers send crypto surging 25 13.2 Europe, Middle East & Africa (EMEA) Market Background. 11.8 Counter Misinformation Technology Types and Solutions. In a statement on Twitter, the foundation said that a quote purporting to be from Litecoins creator, Charlie Lee, had been fabricated and that a member of the foundations social media team had sent a Twitter message by mistake. 2023 FOX News Network, LLC. It is a press release distribution company. Walmart had no knowledge of the press release issued by GlobeNewswire, and it is incorrect. Litecoin jumped about 30 per cent following the fake statement, but they quickly pared gains and were last up just about 3 per cent. Create your releases, choose when and where they'resent. 11.8.2.1 Software-based Detection. The opposition. After Walmart and GlobeNewswire disavowed the statement, Litecoin plunged back to its original value. 6.12 Water Crises. We have taken steps to correct future issues, the statement said. In that case, the S.E.C. And the editorial teams at BusinessWire, a distribution company owned by Berkshire Hathaway, would double check if phone numbers on press releases matched the company headquarters, or they'd verify that the author of the press release works at the company they claim to represent, said former president Gregg Castano. chairman, recently called on Congress to grant financial regulators more authority over cryptocurrency products and exchanges. 3.3 Counter Misinformation in Homeland Security, Public Safety, and National Security Market Organogram.. 3.4 Counter Misinformation in Homeland Security, Public Safety, and National Security Market Estimations and Forecast 4 Counter Misinformation Country Regulatory Frameworks5 Select Counter Misinformation Projects and Programs in Homeland Security, Public Safety & National Security6 Global Security Concerns & Assessment 6.1 Global Risks 2020: A Regional Perceptive. Media outlets are therefore looking for tangible tools and information that will help their readers achieve this goal. The announcement appeared real enough that several media outlets wrote it up. [5], In 2012, GlobeNewswire introduced its Streaming Media Player, which allows users to alternate between videos and slides while monitoring a variety of news sources. GlobeNewswire - Wikipedia By analyzing the essential data from the faces in individual frames of a video and then tracking them through sets of concurrent frames one is able to detect inconsistencies in the flow of the information from one frame to another. Press release distributors also struggle to balance ensuring the accuracy of information with being easy for clients to use. The release, which has since been deleted, contained a quote from CEO Doug McMillion. Litecoin tumbles after spike", "Walmart denies tieup with litecoin, fake statement rattles cryptocurrency", https://en.wikipedia.org/w/index.php?title=GlobeNewswire&oldid=1145586528, Public relations companies of the United States, Articles with a promotional tone from May 2020, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 19 March 2023, at 23:16. The publication of a fake Walmart announcement Monday exposed how vulnerable press release distributors like GlobeNewswire are to bad actors hoping to dupe the media and investors. 6.19 Unemployment or underemployment 6.20 Fiscal crises. A GlobeNewswire spokesperson told Insider that a fraudulent user account issued the press release and that the company has implemented new steps to prevent repeat incidents, but did not elaborate further. Webcasting has also made it easier for our team to connect with and report on local stories that matter to those communities. In response to an inquiry by FOX Business, the SEC said it "does not comment on the existence or nonexistence of a possible investigation.". The truthful answer is that it depends on what is going on and who is speaking through the press release. Reuters and other news outlets had reported on the partnership. This is especially true in the tech sector. In an era of fake news, press releases also provide a straight-from-source information that is verifiable. Media will not cover some stories without a stock photo or video and cant always dispatch a photographer for every story. Things like the demand on food banks, social counselling services and other issues of wellness are examples of some of the major stories that media outlets are looking for. Such hoaxes do happen every now and then. 11 Technology 11.1 Consolidated Market 2020-2026. National, provincial and municipal business leaders. So while Cision, the world's biggest PR software firm, said it vets more than 400,000 press releases every year to prevent the spread of misinformation, it does not claim to be the final line of defense. [3], They deliver corporate press releases, financial disclosures and multimedia content to the media, investment community, individual investors and the public. What type of regulations are countries implementing to fight the threats posed by deepfake and fake news activities. 3.2 Counter Misinformation Market: Drivers & Inhibitors. 12.6 LEAs & First Responders12.7 Financial Intelligence & Fraud Detection. GlobeNewswire Says, In Response To Fake Hundreds of voices trying to be heard and we keep an objective eye on press releases to see if they have anything to add to the story. We remain editorially independent and operate newsrooms in every part of Canada. Proactively using our own staff to research, break and develop news; Monitoring local radio and television for top stories across Canada; and. Business Wire declined to comment. Walmart Statement in Response to Fake Litecoin Press What will be the fake news detection software market size in 2019-2025? GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe. Monitoring news releases from our partners such as GlobeNewswire for relevant and newsworthy information from corporate, governmental, NGO and non-profit entities. Research and Markets. 11.6.2.4 Machine Vision. 11.7 Bot Networks. 13.3 APAC Market Background. The price of Litecoin popped as high as $233.44 per coin Monday before turning lower on confirmation of the erroneous news. The fake press release got significant traction, after it was up for two hours. 12 Vertical Markets 12.1 Consolidated Market 2020-2026. Help set the news agenda and curate the top stories; Save them time because they use our content as is or as background for their own stories; Cover the core national stories, so their staff can focus on local angles and exclusives; Be there when it matters, when stories break in hard-to-reach locations or during times when newsrooms have little to no staff. 11.6.2 Natural Language Processing (NLP) 11.6.2.1 Natural Language Processing Components. declined to comment on the matter. WebGlobeNewswire removed the press release minutes after CNN reached out, and it issued a correction, urging investors and the media to ignore the announcement. The hoax is also likely to lead to a call for greater regulation of the cryptocurrency industry, which accounts for billions of dollars of trading on largely unregulated markets and can be a pit of misinformation where pump-and-dump schemes occur often. We still make the same value judgments as in the past. Walmart shares opened higher on Monday, but were last trading down 0.8 per cent. GlobeNewswire press releases provide a steady stream of information to CP journalists, from financial announcements to product announcements and breaking-news updates. And in late March and April, that was an easy call because literally everything else stopped, outside of breaking news. This was later retweeted by the verified Twitter account of litecoin as well as by Charlie Lee, the creator of the cryptocurrency. 10.4 Personality Theft 10.5 Cyber-enabled Crime. 11.8.1 Fake News Detection Solutions. As most of the misinformation activity and content dissemination is done on social media platforms, the report covers the activity of tech giants to tackle this threat over their platforms and beyond. Powered and implemented byFactSet Digital Solutions. Over time, CP evolved as Canada grew and technology demanded new solutions, from adding French content, a picture service, a broadcast arm, digital news and more. For over 15 years,Intrado Digital Media's GlobeNewswireandThe Canadian Press(CP) have enjoyed a unique partnership: press releases distributed by GlobeNewswire on behalf of thousands of clients are delivered directly into newsroom editorial systems and to the desktops of journalists at almost 700 media outlets served by CP across Canada. 11.7.2.3 Human Interaction Challenge. Facebook, Twitter, Microsoft, Youtube and other leading content platforms are investing time and money to better understand and detect deepfakes to make sure their platforms are not misused by criminals and state-owned operators. Most big corporate news wire companies have secure systems for letting companies submit releases for distribution. Walmart learned of the release only after reporters called it to confirm accounts from some news outlets that had published information based on the release, a company spokesman, Randy Hargrove, said. Walmart says crypto payments announcement is fake. 6.13 Terrorist attacks. Research and Markets WebDo you think 'GlobeNewswire' is a legitimate news source for making stock buy/sell decisions?

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