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. .. Advertisement .. 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Create a Reader Account today to follow the industries and companies that interest you, and customize your news dashboard. 11.3 Market Dynamics 2020-2026. Scam artist who started pro-Sanders super PAC sentenced to Market data provided byFactset. The S.E.C. [6], In September 2021, GlobeNewswire published an unconfirmed fake news article that Walmart will accept Litecoin LTC payments. Reuters withdrew its initial story. Phony Walmart News Release Signals a Crypto Pump-and-Dump Scheme, https://www.nytimes.com/2021/09/13/business/litecoin-walmart-crypto-hoax.html. 11.8.2.1 Software-based Detection. 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. 6.22 Latin America and the Caribbean Homeland Security & Public Safety Market Drivers. WebDo you think 'GlobeNewswire' is a legitimate news source for making stock buy/sell decisions? 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. And many others will never be used in a story by CP. All further questions should be directed to GlobeNewswire," it stated. 12.4 Market Breakdown 2020-2026. The retailer later put out a statement saying that the release was incorrect and that it had no partnership with Litecoin. 6.15 Natural catastrophes. globenewswire 3 6 Finance Business, Economics, and Finance 6 comments We are working remotely and continue to have our daily news meetings; they are simply conducted by video conference instead of in person. Whats the history of The Canadian Press? Fake press releases have been used to pump up asset prices. 13.2 Europe, Middle East & Africa (EMEA) Market Background. 10.3 Public Health. What type of regulations are countries implementing to fight the threats posed by deepfake and fake news activities. 12.3 Market Dynamics 2020-2026. Walmart has no relationship with litecoin," a company spokesperson told Reuters. TotalEnergies adopts Wiztrust, Wiztopic's blockchain-based certification platform for corporate communication. Which submarkets in this field provide attractive business opportunities? SAN FRANCISCO, May 01, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Medical Properties Trust, Inc. (NYSE: MPW) investors who suffered substantial losses submit your losses now. Some of those have primary usefulness information from an important source we might use right away. We are digging into it further to understand what happened, Mr. Hargrove said. CP has existed since 1917 and was originally enacted as a co-operative, allowing daily newspapers to exchange stories and incorporated by an act of Parliament to deliver news of the First World War to Canadians. Pump and Dump: Fake Press Releases Crossing the WebWest acquired GlobeNewswire and other PR tech assets from NASDAQ in 2018 for $335 million. MPW CLASS ACTION: Hagens Berman, National Trial Attorneys, 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. Millions of people have lost their jobs. 6.7 Cyberattacks. 6.11 APAC Homeland Security & Public Safety Market Drivers. "No matter how many failsafes you have in place, nothing is ever going to be foolproof," he said. 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 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. Shortly thereafter, the article was deleted, but the damage had already been done. Fake Walmart news release claimed it would accept Web vs Globe Newswire Services Revealed 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. Language links are at the top of the page across from the title. Gerry has spent his entire professional career working in Canadian journalism. 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. 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. 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. Torstar Unlike CP, both the AP and Reuters run consumer-facing news sites and apps. AP Issues Correction After Saying Last Week It Interviewed Radio Host "Ultimately it is our clients who author and are responsible for their own content," a Cision spokesperson said. 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. 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. Its unclear how the fake release made it past GlobeNewswires systems. 11.6.1.1 Machine Learning Methods. Fake Walmart Announcement Exposes Holes in Press 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. Reuters and other news outlets had reported on the partnership. 3.2.2 Counter Misinformation Market Inhibitors. 12 Vertical Markets 12.1 Consolidated Market 2020-2026. 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. 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. Fake News | The Daily Wire 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. 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. , 11.2 Market Analysis 2020-2026. 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. Walmart, blindsided, responded with the following statement. Check out what's clicking on FoxBusiness.com. Formerly known as PrimeNewswire, the company changed its name to GlobeNewswire in 2008 to better reflect its international scope. Fox Business Flash top headlines for September 13. 10.4 Personality Theft 10.5 Cyber-enabled Crime. The Associated Press 6.19 Unemployment or underemployment 6.20 Fiscal crises. 11.8.5 Market Breakdown 2020-2026. [4], In June 2018, GlobeNewswire introduced Media Snippets, providing the ability for organizations publishing press releases to embed a carousel of images, audio, video and live streaming into their press releases and web pages to tell a more complete brand story and increase engagement with media, investors and customers. 1.5 Market Breakdown 2020-2026. 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. This was later retweeted by the verified Twitter account of litecoin as well as by Charlie Lee, the creator of the cryptocurrency. 11.8.1.3 Non Tech Solutions. FOX Business' Lucas Manfredi contributed to this report. Legal Statement. 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. Gerry: Track who is reading your news with custom reports. Research and Markets 6.24 Economic issues. WebSept 13 (Reuters) - Walmart Inc said on Monday it was looking into how a fake press statement announcing a partnership with litecoin, which briefly led to near 30% gains in 11.8.1.5 Market Dynamics 2020-2026. WebA Walmart spokesperson told CNBC that they are investigating how GlobeNewswire shared the fake news. Even if an image is not used immediately, it gets archived for possible use in the future. 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. 6.3 Cyber Attacks. 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. GlobeNewswire (@GlobeNewswire) / Twitter Track Latest News and Karnataka Elections 2023 Coverage Live on NDTV.com and get news updates from India and around the world. What will be the fake news detection software market size in 2019-2025? It is unclear whether the Securities and Exchange Commission or any other federal agencies are probing the incident. 12.5 Government Intelligence Agencies. Gerry: By Matthew Goldstein,Ephrat Livni and Michael Corkery. Create your releases, choose when and where they'resent. WebGlobeNewswire press releases provide a steady stream of information to CP journalists, from financial announcements to product announcements and breaking-news updates. Reuters As a subscriber, you have 10 gift articles to give each month. The newest thing in finance had apparently fallen prey to one of the oldest investor hoaxes around a classic pump-and-dump scheme. The effects that bad actors have can move markets. If youd like to learn more about GlobeNewswire and The Canadian Press, click Walmart says crypto payments announcement is fake. PR pros can sign up to receive a list of direct phone numbers and email addresses of Canadian Press editors and bureau chiefs. We were fortunate to have an opportunity to speak with Gerry Arnold, Executive Editor at The Canadian Press. 6.26 COVID-19 Pandemic Background & Assessment 6.27 North America COVID-19 Assessment 6.28 Europe COVID-19 Assessment 6.29 LATAM COVID-19 Assessment 6.30 APAC COVID-19 Assessment 6.31 Middle East & Africa COVID-19 Assessment 7 Homeland Security, Public Safety, and National Security Agencies Background8 Proliferation of Data9 Type of Data Sources 9.1 Passive Data Sources. Do you think 'GlobeNewswire' is a legitimate news Bitcoin prices also slipped after briefly turning positive following the hoax announcement. Sign up today for your free Reader Account! 11.6.2.2 Natural Language Processing Application Types. 11.7.2.2 Device Fingerprinting. . 11.5 Counter Misinformation Technology Background. GlobeNewswire, whose parent company, Intrado, is owned by the big private equity firm Apollo Global Management, competes with PR Newswire and Business Wire. 9.3 Data Sources. Media are also looking for content rich press releases which provide access to images and videos, including B-roll. 6.17 Interstate conflict 6.18 Middle East and Africa Homeland Security & Public Safety Market Drivers. 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. Walmart fake litecoin press release: How did it happen? AI analytics that can identify synthetic media, Content and social media monitoring tools (OSINT). The opposition. The price of Litecoin popped as high as $233.44 per coin Monday before turning lower on confirmation of the erroneous news. Newswire Press Release Services | GlobeNewswire In response to an inquiry by FOX Business, the SEC said it "does not comment on the existence or nonexistence of a possible investigation.". A fake Walmart press release announcing a partnership with a cryptocurrency duped the media and investors. Bloomberg and Reuters, two of the media outlets that had written up the release, retracted and updated their articles. 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. Anyone can read what you share. Learn how and when to remove this template message, "West Corporation Closes Landmark Acquisition of Nasdaq's Public Relations and Digital Media Businesses", "West Corporation Introduces Media Snippets, Interactive Multimedia Modules for Content Publishing", "NASDAQ OMX to launch video platform at NIRI", "Walmart says crypto payments announcement is fake. Digital currencies briefly jumped in value after a fake release said the retailer would start accepting the little-used Litecoin. 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. A press release from PRWeb Pricing cost between $99 and $369. What will be the deepfake detection software market size in 2019-2025? After Walmart and GlobeNewswire disavowed the statement, Litecoin plunged back to its original value. 2 Misinformation in Homeland Security, Public Safety and National Security Market Background & Assessment 2.1 Misinformation Definition & Background. Even the Twitter account for the Litecoin Foundation, which promotes the use of the currency, touted the release in a post. WebStephen Kings Fake News Tweet About Ron DeSantis Debunked, Writer Apologizes. 6.25 Failure of critical infrastructure. 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. 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. 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. Quality of Video Analysis - analyzing the differences between deepfakes and real videos. Walmart had no knowledge And of course, the economic fallout will continue to be a major story for literally years. WebCHARLOTTESVILLE, Va., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Researchers from University of Virginia- Darden School of Business, Boston University, and University of 13.3 APAC Market Background. 11.8.1 Fake News Detection Solutions. 11.8.3 Market Size - Assessment and Forecast - 2020-2026. 11.8.1.4 Market Size - Assessment and Forecast - 2020-2026. Which end users are expected to invest most in these capabilities? 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. 1.2 Market Dynamics & Opportunities. In an era of fake news, press releases also provide a straight-from-source information that is verifiable. This material may not be published, broadcast, rewritten, or redistributed. However, it did not comment to a query by Reuters on the fake statement or the subsequent notice. The report contains a detailed list and short profile of the companies that provide solutions for counter DeepFake and FakeNews monitoring and detection. More recently as an executive editor in Toronto, his duties have included oversight of content partnerships, business development and government relations. Domestically, CP generates all its own news. Gerry: The retailer said it was looking into how such an announcement, which was published by press release distributor GlobeNewswire, was issued earlier in the day. "When GlobeNewswire became 3.2 Counter Misinformation Market: Drivers & Inhibitors. The fake press release got significant traction, after it was up for two hours. We are no longer a co-operative, converting in 2010 to a private company owned by OR complete the form on this page and a GlobeNewswire representative will be in touch with you promptly. Part of @Notified. 11.7.2.1 Intent Analysis Tools. When we were a co-operative, our member newspapers contributed stories for us to redistribute, but that ended a decade ago. It is a press release distribution company. 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. The interest in public education campaigns about these topics has therefore grown in step. 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 many breaking news stories like the deadly shooting spree in Nova Scotia in the spring reporters were outside talking to people, knocking on doors, and doing the legwork. 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. We remain editorially independent and operate newsrooms in every part of Canada. When the fake Walmart release came out, Litecoin's value spiked more than 30%. Born and educated in Halifax, Nova Scotia, he began his career with The Chronicle-Herald. Monitoring news releases from our partners such as GlobeNewswire for relevant and newsworthy information from corporate, governmental, NGO and non-profit entities. 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. GlobeNewswire Says, In Response To Fake 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. 1.4 Market Dynamics 2020-2026. For one, it listed a contact email address at walmart-corp.com, an unauthorized website. 9.3.1 OSINT (Social Media and Web) 9.3.1.1 Social Media Sources. 6.13 Terrorist attacks. GlobeNewswire blames Walmart-Litecoin fakery on 11.8.1.1 Classic OSINT Tools for Monitoring Purposes. 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. WebEast Africa drought would not have happened without humans, new science says. Shipping and discount codes are added at checkout. 2.4 Fake News & DeepFake Economic Damages. Schools, industry, business, and government all struggled to find a way to provide services. The news release went out at 9:30 a.m. Monday, just as the U.S. stock market opened. here 2.3 DeepFake Definition & Background. PRWeb is a subsidiary of Cision. Walmart says claims of cryptocurrency Litecoin 9.2 Active Data Sources. 9.3.1.2 Leading Social Media Platforms. 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. This is especially true in the tech sector. 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. These tools are a mix of OSINT and Cyber technologies. The fake release was published on GlobeNewswire, a communication services company that provides companies with a platform to disseminate announcements. 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. Every provincial government. Photographers still go out and get images where the news is. Want to stay updated on the latest news? Quotes displayed in real-time or delayed by at least 15 minutes. The bubble approach taken in sports has limited our access to venues, but efforts are made to make athletes and team staff available on video conferencing tools. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. The truthful answer is that it depends on what is going on and who is speaking through the press release. December 17, 2020 10:33 ET GlobeNewswire - Wikipedia However, these efforts alone will not be enough and other institutions will have to take a more prominent role by allocating larger budgets to purchase or develop capabilities to mitigate the risk. 11 Technology 11.1 Consolidated Market 2020-2026. 11.8.2 DeepFake Detection Solutions. The relationship between newswires and press release distribution services plays a critical role in journalism and in sharing trusted news information with audiences around the world. 2023 FOX News Network, LLC. 6.8 Assets bubble. is a critical piece of the Thomson Reuters information conglomerate that delivers financial and business information to decision makers. "There's always going to be one-off situations that put a strain on the systems and processes you've developed," Terenzio said. While some distributors call new clients directly to verify that they are who they say they are, Terenzio said Newswire doesn't require that, to make it easier for new clients to join and send releases. "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. 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. 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. Like the AP, their focus is international, whereas CPs focus is domestic Canadian news, complemented by APs world coverage. With Litecoin, Called The Press Release WebGlobeNewswire, the distribution service for press releases, is blaming a fake report on a purported Walmart-Litecoin partnership on bad actors. An email earlier sent to a contact person in the statement remained 'undeliverable.' 11.8 Counter Misinformation Technology Types and Solutions. 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. Press release distribution has major blindspots when it comes to verifying information. 11.8.1.6 Market Breakdown 2020-2026. Sign up for notifications from Insider! For instance, when Newswire issues a press release about a partnership between two companies like the fake release that claimed Walmart was working with Litecoin it requires written permission from a ranking marketing or C-level exec, Terenzio said. CP enjoys a long-standing reciprocal relationship with the AP we are the exclusive distributor of its content in Canada, and the AP enjoys a similar privilege with CP content in the U.S. and many parts of the world. [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. What will the relevant trends be during that time? 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. It is an affordable option by Cision probably for small businesses. WebWalmart was the subject of a fake news release issued on Monday, Sept. 13, that falsely stated Walmart announced a partnership with Litecoin (LTC). "Counter Misinformation (DeepFake & Fake News) Solutions Market - 2020-2026", https://www.researchandmarkets.com/r/wa0l9c.