globenewswire fake news

Over the past 10 to 15 years, the appetite for personal finance and health stories has grown in synchrony with all kinds of tools enabling individualized decision making and increased activism. Create your releases, choose when and where they'resent. As a result, millions of dollars in crypto exchanges were liquidated. WebCryptocurrency litecoin gave up a 20% gain and tumbled back to Earth following a fake press release sent out by GlobeNewswire that referenced a partnership with Walmart. Gary Gensler, the S.E.C. "No matter how many failsafes you have in place, nothing is ever going to be foolproof," he said. All rights reserved. Most big corporate news wire companies have secure systems for letting companies submit releases for distribution. 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. WebThe source seemed legit: An announcement posted on GlobeNewswire, a service for press release distribution. What will be the deepfake detection software market size in 2019-2025? Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. 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. 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. It is a press release distribution company. It is an affordable option by Cision probably for small businesses. 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 10.2 Financial Fraud. 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. WebThe fake release was published on GlobeNewswire, a communication services company that provides companies with a platform to disseminate announcements. We remain editorially independent and operate newsrooms in every part of Canada. Language links are at the top of the page across from the title. 11.6.1 AI & Machine Learning. After joining The Canadian Press, he worked as a parliamentary correspondent, Prairie bureau chief and Ottawa bureau chief. This year, specifically, with regards to the pandemic, the demand was for all pandemic, all the time. globenewswire 3 6 Finance Business, Economics, and Finance 6 comments In addition to detecting these fakes, journalists and the social media platforms also need to figure out how best to warn people about deepfakes when they are detected to minimize the damage done. 10.6 Revenge Porn & Sextortion. Who are the prominent vendors in the market? Factcheckers? Unlike CP, both the AP and Reuters run consumer-facing news sites and apps. 11.8.1.1 Classic OSINT Tools for Monitoring Purposes. Insights for PR and Communications Professionals on the Partnership Between The Canadian Press and Intrado GlobeNewswire, Contact GlobeNewswire to distribute your press release, View our bestselling stylebooks for writers and editors. 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. AI analytics that can identify synthetic media, Content and social media monitoring tools (OSINT). What are the market drivers and inhibitors? has jurisdiction.. Walmart has no relationship with litecoin," a company spokesperson told Reuters. Mutual Fund and ETF data provided byRefinitiv Lipper. 6.14 Manmade environmental catastrophes. National, provincial and municipal business leaders. This can also be used for face audio detection. 11.6.2.5 Applications Types. 11.6.2.2 Natural Language Processing Application Types. The fake Walmart release even led to some confusion at the Litecoin Foundation, which briefly posted it on its Twitter account. The fake release was published on GlobeNewswire, a communication services company that provides companies with a platform to disseminate announcements. In that case, the S.E.C. 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. .. Advertisement .. 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The severe drought devastating the Horn of Africa by killing animals and crops For one, it listed a contact email address at walmart-corp.com, an unauthorized website. 11.7.2.2 Device Fingerprinting. and We are working remotely and continue to have our daily news meetings; they are simply conducted by video conference instead of in person. In combination with networks of fake profiles, bot networks and smart utilization of social media, the attackers have many ways to influence either the public or specific individuals. | Source: The perpetrators of the hoax most likely made money in that time. However, it did not comment to a query by Reuters on the fake statement or the subsequent notice. For reporters covering certain types of news government and business news conferences, for example the transition has been straight forward. Born and educated in Halifax, Nova Scotia, he began his career with The Chronicle-Herald. Anyone can read what you share. All further questions should be directed to GlobeNewswire," it stated. here Shortly thereafter, the article was deleted, but the damage had already been done. 12.3 Market Dynamics 2020-2026. 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. 11.3 Market Dynamics 2020-2026. PRWeb is known as one of the leaders in press In response to an inquiry by FOX Business, the SEC said it "does not comment on the existence or nonexistence of a possible investigation.". 14 Leading Vendors14.1 Social Media Platform Conglomarates Misinformation Detection Initiatives14.2 Cheq14.3 Cyabra14.4 Falso Tech14.5 Sensity14.6 Microsoft14.7 Axon14.8 Logically14.9 Datalytics2414.10 Wordproof14.11 Truepic14.12 Right of Reply14.13 Factmata14.14 Digital Fingerprints14.15 Trueinchain14.16 Fabula AI (a Twitter company)14.17 Shieldsquare14.18 Imperva14.19 Fastly15 Disclaimer & Copyright, For more information about this report visit https://www.researchandmarkets.com/r/wa0l9c. "When GlobeNewswire became 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. WebWalmart was the subject of a fake news release issued on Monday, Sept. 13, that falsely stated Walmart announced a partnership with Litecoin (LTC). Although DeepFakes are not as prevalent and widespread as Fake News articles, they are increasing in popularity and have a much greater effect on the general population. WebDo you think 'GlobeNewswire' is a legitimate news source for making stock buy/sell decisions? TotalEnergies adopts Wiztrust, Wiztopic's blockchain-based certification platform for corporate communication. Quotes displayed in real-time or delayed by at least 15 minutes. 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. Coinbase, one of the cryptocurrency exchanges where investors can buy and sell Litecoin, said in a statement that it worked to actively debunk misinformation, and posted an article refuting the hoax. GlobeNewswire press releases provide a steady stream of information to CP journalists, from financial announcements to product announcements and breaking-news updates. 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. declined to comment on the matter. [6], In September 2021, GlobeNewswire published an unconfirmed fake news article that Walmart will accept Litecoin LTC payments. The article was primarily launched by a possibly hacked LiteCoin Twitter account; alternatively, active assistance to manipulate the market is also conceivable.[7][8]. 11 Technology 11.1 Consolidated Market 2020-2026. 6.21 Energy price shock. 6.15 Natural catastrophes. Such as in most tech heavily markets, end users are debating whether to work with an external vendor or to rely on internal developed capabilities as well as existing OSINT monitoring tools re-directed to a dedicated team. 13.3 APAC Market Background. The foundation later deleted the message and posted that it had not entered into a partnership with Walmart. Its unclear how the fake release made it past GlobeNewswires systems. GlobeNewswire, the distribution service for press releases, is blaming a fake report on a purported Walmart-Litecoin partnership on bad actors. The price of Litecoin popped as high as $233.44 per coin Monday before turning lower on confirmation of the erroneous news. The truthful answer is that it depends on what is going on and who is speaking through the press release. But that tremendous volume means it's impossible for editors to manually contact every company listed on every press release, said Castano, who's now CEO of press release distribution startup Newsdirect. Such hoaxes do happen every now and then. Gerry: 3.2.1 Counter Misinformation Market Drivers. 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. 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. Quality of Video Analysis - analyzing the differences between deepfakes and real videos. [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. Furthermore, the latest trend of using Artificial Intelligence (AI) to create fake videos, known as "DeepFakes" or "FakeNews 2.0", is a fast-growing phenomenon creating major concerns. Did you know? PRWeb is a subsidiary of Cision. The interest in public education campaigns about these topics has therefore grown in step. 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. Others may have secondary usefulness a hook for a next-day story, or even a next-week story or a regional piece away from Ottawa. Most deepfake videos are created by merging individually generated frames into videos. We do not carry or sell advertising, and we dont directly compete for reader or viewer traffic. The release, which has since been deleted, contained a quote from CEO Doug McMillion. The Canadian Press is Canadas only independent national news agency, operating in both official languages with more than 180 journalists producing real-time multimedia content including text, audio, video, images and interactive graphics. 10.3 Public Health. 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. 1.4 Market Dynamics 2020-2026. , an American news co-operative and the worlds largest and oldest news agency, is CPs most important strategic partner. Media outlets are therefore looking for tangible tools and information that will help their readers achieve this goal. 6.16 Cyberattacks. Formerly known as PrimeNewswire, the company changed its name to GlobeNewswire in 2008 to better reflect its international scope. Photographers still go out and get images where the news is. Walmart had no knowledge The proliferation of technology, specifically Artificial Intelligence, allow wide scale and easy to use solutions to create synthetic media that seems very real, either in video, photos, or text. 6.4 Data Fraud or Theft 6.5 Terrorism Threat 6.6 Europe Homeland Security & Public Safety Market Drivers. 11.6.1.1 Machine Learning Methods. 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. 2.2 Fake News Definition & Background. Even the Twitter account for the Litecoin Foundation, which promotes the use of the currency, touted the release in a post. chairman, recently called on Congress to grant financial regulators more authority over cryptocurrency products and exchanges. "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. 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 have taken steps to correct future issues, the statement said. Fox Business Flash top headlines for September 13. 6.17 Interstate conflict 6.18 Middle East and Africa Homeland Security & Public Safety Market Drivers. Stay up to date with what you want to know. The announcement appeared real enough that several media outlets wrote it up. Web2020 Insights into DeepFake & Fake News Counter Misinformation Solutions Industry to 2026 December 17, 2020 10:33 ET | Source: Research and Markets Dublin, Dec. 17, "Walmart had no knowledge of the press release issued by GlobeNewswire and there is no truth to it. 11.8.1.2 Fake Profiles Detectors. The Litecoin Foundation has not entered into a partnership with Walmart. As media and technology are now being used for cyber terrorism, criminal activity, espionage and military warfare, the new age of information warfare threatens democracies worldwide, pushing governments to combat this threat with large investments.Intelligence, Law Enforcement, and other Governmental agencies are taking active roles in tackling the threat that (mis)information warfare poses and are spending growing budgets on technology that can detect and counter Fake News and DeepFake media.There are two major categories of DeepFake detection tools: Fake News is disseminated via networks of fake profiles, bot networks and smart utilization of social media, therefore, most tools developed and used to detect fake news are geared towards finding, analyzing and stopping these networks and bots. In 2009, federal securities regulators charged a stockbroker with disseminating false releases to manipulate the shares of several public companies. What will be the counter deepfake and counter fake news software market size in 2019-2025? Legal Statement. Reuters Litecoin jumped about 30 per cent following the fake statement, but they quickly pared gains and were last up just about 3 per cent. WebShare your news with media, investors, and consumers from around the world. 11.6 Counter Misinformation Technology Enablers & Applications. FAQ - New Privacy Policy. "There's always going to be one-off situations that put a strain on the systems and processes you've developed," Terenzio said. The value of Litecoin jumped more than 30 percent before Walmart put out a statement saying the news was false. . Track Latest News and Karnataka Elections 2023 Coverage Live on NDTV.com and get news updates from India and around the world. 11.8.1.6 Market Breakdown 2020-2026. What will be the fake news detection software market size in 2019-2025? WebEast Africa drought would not have happened without humans, new science says. 3.2 Counter Misinformation Market: Drivers & Inhibitors. WebA Walmart spokesperson told CNBC that they are investigating how GlobeNewswire shared the fake news. 10 Threats Generated by Misinformation Campaigns 10.1 Election Campaigns and Politics. Unlike virtually every other media organization in Canada, CP has no business-to-consumer relationships. 13 Regional Markets 13.1 North America Market Background. 11.7 Bot Networks. This was later retweeted by the verified Twitter account of litecoin as well as by Charlie Lee, the creator of the cryptocurrency. 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. Sign up today for your free Reader Account! Every provincial government. And while we were very cautious in the early weeks of the pandemic, we have a better understanding now of how to manage risk, effectively use PPE and current public health advice to keep staff safe. Gerry: Which submarkets in this field provide attractive business opportunities? 6.13 Terrorist attacks. 6.9 Interstate conflict 6.10 Terror financing. Media are looking for whats hot or cool with these news tools that will help their readers be more educated and empowered in their day-to-day decisions and activities. Which end users are expected to invest most in these capabilities? 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. When we were a co-operative, our member newspapers contributed stories for us to redistribute, but that ended a decade ago. Create a Reader Account today to follow the industries and companies that interest you, and customize your news dashboard. Digital currencies briefly jumped in value after a fake release said the retailer would start accepting the little-used Litecoin. The opposition. We are digging into it further to understand what happened, Mr. Hargrove said. A fake Walmart press release announcing a partnership with a cryptocurrency duped the media and investors. 10.4 Personality Theft 10.5 Cyber-enabled Crime. 11.6.2 Natural Language Processing (NLP) 11.6.2.1 Natural Language Processing Components. The International Digital Security Forum (IDSF) being held in Vienna on 2 and 3 December strengthens alliances for greater digital security The coronavirus pandemic is mercilessly exposing the New Dynata Study Finds that Broadcast TV is Most Trusted News Source Among All Adults, Irrespective of Age NEW YORK, April 16, 2020 (GLOBE NEWSWIRE) -- At a time when reliable information is vital, BROOKLYN, New York, March 18, 2020 (GLOBE NEWSWIRE) -- Unreliable tips on how to protect oneself from the novel coronavirus and fake news about the COVID-19 pandemic are spreading as quickly as the TotalEnergies adopts Wiztrust to certify its information, University of Virginia- Darden School of Business, Boston University, University of Regina Release Research: News From Artificial Intelligence is Believed Less, University of Virginia, Darden School of Business, ANOMUS, Set to End Fake News, Launches on Starter Incubator, Inauthentic Narrative & Disinformation Detection Platform Cyabra Announces $5.6M Series A Funding Round & New Snowball Effect Analysis Tools, Cyabra Listed on GSA Schedule Offering their Disinformation Detection and Sentiment Analysis SaaS to the Public Sector, Social Analysis & Disinformation Detection Platform Cyabra Announces New Agency Partnership with TBWA-Brazil, Asia Broadband Plans Legal Action Against Misleading Internet Posts, Conference: Digital Security in Times of Pandemic, AIT Austrian Institute of Technology GmbH, More Americans Turn to Local TV News During Global Pandemic, Scientists answer coronavirus questions on new website, New York University Tandon School of Engineering. 11.6.1.2 Deep Machine Learning. In addition, large and mature corporations are also active in the market, some of them via M&A activities and other are developing solutions internally, such players include Axon, Microsoft, Facebook, Twitter and others.These companies are leveraging several high-end technologies and methods to tackle this threat, such as: 1 Executive Summary 1.1 Major Findings & Conclusions. December 17, 2020 10:33 ET The S.E.C. It spawned immediate stories in major outlets like CNBC, Reuters, A spokesperson In 2010, another news wire service published a fake release saying the cereal company General Mills was the subject of a federal investigation, which the company wasnt. 11.6.2.3 Speech Recognition & Machine Hearing. The fake press release got significant traction, after it was up for two hours. 12.2 Market Analysis 2020-2026. What type of regulations are countries implementing to fight the threats posed by deepfake and fake news activities. 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. This material may not be published, broadcast, rewritten, or redistributed. 6.7 Cyberattacks. 11.7.2.1 Intent Analysis Tools. After Walmart called it fake, GlobeNewswire published a notice to "disregard" the press release. Business Wire declined to comment. 6.24 Economic issues. Bitcoin prices also slipped after briefly turning positive following the hoax announcement. GlobeNewswire, whose parent company, Intrado, is owned by the big private equity firm Apollo Global Management, competes with PR Newswire and Business Wire. Reuters and other news outlets had reported on the partnership. Like the AP, their focus is international, whereas CPs focus is domestic Canadian news, complemented by APs world coverage. Monitoring news releases from our partners such as GlobeNewswire for relevant and newsworthy information from corporate, governmental, NGO and non-profit entities. GlobeNewswire or Nasdaq GlobeNewswire specializes in news distribution. We are no longer a co-operative, converting in 2010 to a private company owned by 1.2 Market Dynamics & Opportunities. Gerry: 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. Cary Lee Peterson, 38, of Phoenix, was sentenced to 52 months in prison on charges unrelated to the super PAC on Thursday. WebWest acquired GlobeNewswire and other PR tech assets from NASDAQ in 2018 for $335 million. The announcement made it on to Globe Newswire, a service widely used to These tools are a mix of OSINT and Cyber technologies. Access to stock photos and videos of lobster fishing in Nova Scotia during the recent conflict between Mi'kmaw (Indigenous) fishermen and non-Indigenous fishermen would have been very valuable for example. WebGlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to 3 Counter Misinformation in Homeland Security, Public Safety and National Security Market Background & Assessment 3.1 Counter Misinformation Background. CP uses a range of tools to stay abreast of news in real time, including: Its a big job that requires paying attention to a constantly shifting set of priorities, with literally thousands of decisions being made in real time every day across all our editorial desks. 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. Gerry: . 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. Our ability to have face-to-face interactions with individuals in remote areas enables our team to ask questions that impact the community we are reporting on and cover more angles. 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. 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. Another issue is that algorithms that amplify news on social media, across search engines, and trading platforms means errant press releases need to be taken down immediately. Reuters withdrew its initial story. 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. 6.19 Unemployment or underemployment 6.20 Fiscal crises. Separately, the Litecoin Foundation tweeted it has not entered into a pact with the retailer. Even if an image is not used immediately, it gets archived for possible use in the future. La Presse Some things cant be done from your home office. And the Walmart-Litecoin fiasco isn't an isolated incident. As a subscriber, you have 10 gift articles to give each month. Press release distribution has major blindspots when it comes to verifying information. Research and Markets. For CP journalists, this means they can efficiently monitor press releases for relevant and newsworthy information from public and private companies, non-profit agencies, and the government. 6.22 Latin America and the Caribbean Homeland Security & Public Safety Market Drivers. [3], They deliver corporate press releases, financial disclosures and multimedia content to the media, investment community, individual investors and the public. And many others will never be used in a story by CP. FOX Business' Lucas Manfredi contributed to this report. 11.7.2 Bot Networks Detection Tools. 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. 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: We still make the same value judgments as in the past.

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