Pump and Dump: Fake Press Releases Crossing the 12.4 Market Breakdown 2020-2026. 10.2 Financial Fraud. For reporters covering certain types of news government and business news conferences, for example the transition has been straight forward. Part of @Notified. Litecoin jumped about 30 per cent following the fake statement, but they quickly pared gains and were last up just about 3 per cent. 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. Digital currencies briefly jumped in value after a fake release said the retailer would start accepting the little-used Litecoin. 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. 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. 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 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, As a result, millions of dollars in crypto exchanges were liquidated. 11.6 Counter Misinformation Technology Enablers & Applications. A fake Walmart press release announcing a partnership with a cryptocurrency duped the media and investors. 11.8.3 Market Size - Assessment and Forecast - 2020-2026. 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. 6.14 Manmade environmental catastrophes. 11.8.1.3 Non Tech Solutions. Domestically, CP generates all its own news. An email earlier sent to a contact person in the statement remained 'undeliverable.' Fox Business Flash top headlines for September 13. 11.8.1.5 Market Dynamics 2020-2026. WebDo you think 'GlobeNewswire' is a legitimate news source for making stock buy/sell decisions? "When GlobeNewswire became Media are also looking for content rich press releases which provide access to images and videos, including B-roll. 6.24 Economic issues. In that case, the S.E.C. 11.6.2.5 Applications Types. 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. Stay up to date with what you want to know. 11.8.1.4 Market Size - Assessment and Forecast - 2020-2026. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. | Source: 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. Who are the prominent vendors in the market? Market data provided byFactset. Language links are at the top of the page across from the title. 6.15 Natural catastrophes. We remain editorially independent and operate newsrooms in every part of Canada. WebGlobeNewswire press releases provide a steady stream of information to CP journalists, from financial announcements to product announcements and breaking-news updates. Separately, the Litecoin Foundation tweeted it has not entered into a pact with the retailer. 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. 11.6.2 Natural Language Processing (NLP) 11.6.2.1 Natural Language Processing Components. 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. The value of Litecoin jumped more than 30 percent before Walmart put out a statement saying the news was false. Like the AP, their focus is international, whereas CPs focus is domestic Canadian news, complemented by APs world coverage. By Matthew Goldstein,Ephrat Livni and Michael Corkery. . 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. 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. PR pros can sign up to receive a list of direct phone numbers and email addresses of Canadian Press editors and bureau chiefs. 11.7.2.3 Human Interaction Challenge. WebCHARLOTTESVILLE, Va., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Researchers from University of Virginia- Darden School of Business, Boston University, and University of Walmart says crypto payments announcement is fake. GlobeNewswire Says, In Response To Fake Scam artist who started pro-Sanders super PAC sentenced to This material may not be published, broadcast, rewritten, or redistributed. When we were a co-operative, our member newspapers contributed stories for us to redistribute, but that ended a decade ago. After Walmart called it fake, GlobeNewswire published a notice to "disregard" the press release. Torstar Most deepfake videos are created by merging individually generated frames into videos. "Walmart had no knowledge of the press release issued by GlobeNewswire and there is no truth to it. Its unclear how the fake release made it past GlobeNewswires systems. 11.8.5 Market Breakdown 2020-2026. "Walmart was the subject of a fake news release issued on Monday, Sept. 13, that falsely stated Walmart announced a partnership with Litecoin (LTC). 6.4 Data Fraud or Theft 6.5 Terrorism Threat 6.6 Europe Homeland Security & Public Safety Market Drivers. 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. Which regions are expected to invest most in these capabilities? 6.2 North America Homeland Security & Public Safety Market Drivers. What will be the deepfake detection software market size in 2019-2025? "Ultimately it is our clients who author and are responsible for their own content," a Cision spokesperson said. Born and educated in Halifax, Nova Scotia, he began his career with The Chronicle-Herald. globenewswire 3 6 Finance Business, Economics, and Finance 6 comments 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. 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. The fake release was published on GlobeNewswire, a communication services company that provides companies with a platform to disseminate announcements. Walmart Statement in Response to Fake Litecoin Press 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. has jurisdiction.. 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. In response to an inquiry by FOX Business, the SEC said it "does not comment on the existence or nonexistence of a possible investigation.". 6.9 Interstate conflict 6.10 Terror financing. 6.16 Cyberattacks. Want to stay updated on the latest news? What will be the fake news detection software market size in 2019-2025? Cary Lee Peterson, 38, of Phoenix, was sentenced to 52 months in prison on charges unrelated to the super PAC on Thursday. It is an affordable option by Cision probably for small businesses. Walmart has no relationship with Litecoin. We still make the same value judgments as in the past. 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. Shipping and discount codes are added at checkout. 6.12 Water Crises. GlobeNewswire - Wikipedia and The implications of that wont be felt for years, but it will have an impact. The newest thing in finance had apparently fallen prey to one of the oldest investor hoaxes around a classic pump-and-dump scheme. The fake press release got significant traction, after it was up for two hours. 6.13 Terrorist attacks. filed an enforcement action just three weeks after the scheme began. Bitcoin prices also slipped after briefly turning positive following the hoax announcement. 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. 11.8.2.1 Software-based Detection. 2.3 DeepFake Definition & Background. WebShare your news with media, investors, and consumers from around the world. chairman, recently called on Congress to grant financial regulators more authority over cryptocurrency products and exchanges. No, Walmart and Litecoin Are Not Partnering - The New WebIn September 2021, GlobeNewswire published an unconfirmed fake news article that Walmart will accept Litecoin LTC payments. WebThe source seemed legit: An announcement posted on GlobeNewswire, a service for press release distribution. 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. MPW CLASS ACTION: Hagens Berman, National Trial Attorneys, The announcement appeared real enough that several media outlets wrote it up. Pay for only releases you send (no cost for account). 6.3 Cyber Attacks. Gerry was generous enough to chat with us and offer his insight into The Canadian Press, its role in Canadas media landscape and how 2020 has affected the way we consume news. As an example, the day of the federal budget, everyone has an opinion on the budget. Most big corporate news wire companies have secure systems for letting companies submit releases for distribution. Traditionally, 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. WebGlobeNewswire removed the press release minutes after CNN reached out, and it issued a correction, urging investors and the media to ignore the announcement. 11 Technology 11.1 Consolidated Market 2020-2026. 11.8.1.6 Market Breakdown 2020-2026. 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. The fake Walmart release even led to some confusion at the Litecoin Foundation, which briefly posted it on its Twitter account. More recently as an executive editor in Toronto, his duties have included oversight of content partnerships, business development and government relations. Create your releases, choose when and where they'resent. 11.8.1.1 Classic OSINT Tools for Monitoring Purposes. 11.7 Bot Networks. Media will not cover some stories without a stock photo or video and cant always dispatch a photographer for every story. FOX Business' Lucas Manfredi contributed to this report. 12.9 Military & Defense Intelligence. We are digging into it further to understand what happened, Mr. Hargrove said. 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. Business Wire declined to comment. "There's always going to be one-off situations that put a strain on the systems and processes you've developed," Terenzio said. .. Advertisement .. 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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. PRWeb is a subsidiary of Cision. 3.2.2 Counter Misinformation Market Inhibitors. Keep scrolling and read the full interview below. 10.4 Personality Theft 10.5 Cyber-enabled Crime. Bloomberg and Reuters, two of the media outlets that had written up the release, retracted and updated their articles. 11.6.2.3 Speech Recognition & Machine Hearing. And the long view of that has many angles to cover. 10.6 Revenge Porn & Sextortion. [3], They deliver corporate press releases, financial disclosures and multimedia content to the media, investment community, individual investors and the public. We were fortunate to have an opportunity to speak with Gerry Arnold, Executive Editor at The Canadian Press. 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. Phony Walmart News Release Signals a Crypto Pump-and-Dump Scheme, https://www.nytimes.com/2021/09/13/business/litecoin-walmart-crypto-hoax.html. 11.2 Market Analysis 2020-2026. 11.8 Counter Misinformation Technology Types and Solutions. The S.E.C. 6.23 Failure of national governance. 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. 11.6.1 AI & Machine Learning. 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. 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. 1.2 Market Dynamics & Opportunities. 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. Press release distributors also struggle to balance ensuring the accuracy of information with being easy for clients to use. By midmorning, the service had notified users that the announcement should be disregarded. Web vs Globe Newswire Services Revealed 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. After joining The Canadian Press, he worked as a parliamentary correspondent, Prairie bureau chief and Ottawa bureau chief. 11.8.1.2 Fake Profiles Detectors. 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. However, it did not comment to a query by Reuters on the fake statement or the subsequent notice. WebWalmart was the subject of a fake news release issued on Monday, Sept. 13, that falsely stated Walmart announced a partnership with Litecoin (LTC). 12.2 Market Analysis 2020-2026. 12.10 Commercial Copyrights Protection. 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). 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. PR pros can sign up to receive a list of direct phone numbers and email addresses of Canadian Press editors and bureau chiefs. GlobeNewswire blames Walmart-Litecoin fakery on 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. 6.21 Energy price shock. 1.5 Market Breakdown 2020-2026. The interest in public education campaigns about these topics has therefore grown in step. Which end users are expected to invest most in these capabilities? WebEast Africa drought would not have happened without humans, new science says. 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. As a subscriber, you have 10 gift articles to give each month. The severe drought devastating the Horn of Africa by killing animals and crops Schools, industry, business, and government all struggled to find a way to provide services. WebGlobeNewswire, the distribution service for press releases, is blaming a fake report on a purported Walmart-Litecoin partnership on bad actors. 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. 9.3.1 OSINT (Social Media and Web) 9.3.1.1 Social Media Sources. After Walmart and GlobeNewswire disavowed the statement, Litecoin plunged back to its original value. The Globe and Mail WebA Walmart spokesperson told CNBC that they are investigating how GlobeNewswire shared the fake news. 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. 9.3.1.2 Leading Social Media Platforms. GlobeNewswire or Nasdaq GlobeNewswire specializes in news distribution. Unlike virtually every other media organization in Canada, CP has no business-to-consumer relationships. As a result, millions of dollars in crypto AP Issues Correction After Saying Last Week It Interviewed Radio Host 12.3 Market Dynamics 2020-2026. 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. Media outlets are therefore looking for tangible tools and information that will help their readers achieve this goal. , 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. 3.2.1 Counter Misinformation Market Drivers. 11.6.2.2 Natural Language Processing Application Types. 12.8 Cyber Security Agencies. Quality of Video Analysis - analyzing the differences between deepfakes and real videos. 2 Misinformation in Homeland Security, Public Safety and National Security Market Background & Assessment 2.1 Misinformation Definition & Background. Walmart has no relationship with litecoin," a company spokesperson told Reuters. 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. 6.25 Failure of critical infrastructure. Sign up for notifications from Insider! GlobeNewswire, whose parent company, Intrado, is owned by the big private equity firm Apollo Global Management, competes with PR Newswire and Business Wire. 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. Someone issued a false news release, likely taking advantage of the general hoopla around cryptocurrency to stoke enthusiasm for Litecoin, which is far less popular than Bitcoin and other digital currencies. 6.11 APAC Homeland Security & Public Safety Market Drivers. Check out what's clicking on FoxBusiness.com. And Walmart normally uses Business Wire for its official announcements, Mr. Hargrove said. 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. 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. 11.7.2.1 Intent Analysis Tools. Sign up today for your free Reader Account! 11.6.1.1 Machine Learning Methods. Newswire Press Release Services | GlobeNewswire 9.2 Active Data Sources. Walmart shares opened higher on Monday, but were last trading down 0.8 per cent. Cryptocurrency enthusiasts noted another clue: Litecoins relative obscurity makes it an unlikely cryptocurrency choice for a retailer. The news release went out at 9:30 a.m. Monday, just as the U.S. stock market opened. 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.
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