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. 6.2 North America Homeland Security & Public Safety Market Drivers. Business Wire declined to comment. MPW CLASS ACTION: Hagens Berman, National Trial Attorneys, 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. 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. 11.7.2 Bot Networks Detection Tools. [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. When the fake Walmart release came out, Litecoin's value spiked more than 30%. and Digital currencies briefly jumped in value after a fake release said the retailer would start accepting the little-used Litecoin. For reporters covering certain types of news government and business news conferences, for example the transition has been straight forward. Pump and Dump: Fake Press Releases Crossing the , 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. Sign up today for your free Reader Account! 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. Fox Business Flash top headlines for September 13. And Walmart normally uses Business Wire for its official announcements, Mr. Hargrove said. The announcement made it on to Globe Newswire, a service widely used to The fake Walmart release even led to some confusion at the Litecoin Foundation, which briefly posted it on its Twitter account. The truthful answer is that it depends on what is going on and who is speaking through the press release. And the Walmart-Litecoin fiasco isn't an isolated incident. A fake Walmart press release announcing a partnership with a cryptocurrency duped the media and investors. has jurisdiction.. 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. Gerry has spent his entire professional career working in Canadian journalism. WebThe source seemed legit: An announcement posted on GlobeNewswire, a service for press release distribution. How have they kept pace with the ever-changing news cycle, and how do journalists source their stories? 11.6.2.2 Natural Language Processing Application Types. declined to comment on the matter. "Overall, it's really important for us to use technology on individual platforms and to have manual checks and balances.". All further questions should be directed to GlobeNewswire," it stated. 12.3 Market Dynamics 2020-2026. 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 says crypto payments announcement is fake. Unlike virtually every other media organization in Canada, CP has no business-to-consumer relationships. "Ultimately it is our clients who author and are responsible for their own content," a Cision spokesperson said. All rights reserved. Most big corporate news wire companies have secure systems for letting companies submit releases for distribution. 11.7.2.1 Intent Analysis Tools. 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. 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 implications of that wont be felt for years, but it will have an impact. 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. 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. 6.17 Interstate conflict 6.18 Middle East and Africa Homeland Security & Public Safety Market Drivers. The interest in public education campaigns about these topics has therefore grown in step. 6.14 Manmade environmental catastrophes. Webcasting has also made it easier for our team to connect with and report on local stories that matter to those communities. WebWest acquired GlobeNewswire and other PR tech assets from NASDAQ in 2018 for $335 million. 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 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. While the announcement appeared authentic even including a statement purportedly from Walmarts chief executive, Doug McMillon there were clues it was fake. WebThe fake release was published on GlobeNewswire, a communication services company that provides companies with a platform to disseminate announcements. GlobeNewswire blames Walmart-Litecoin fakery on 11.7.1 What are Bot Networks. WebStephen Kings Fake News Tweet About Ron DeSantis Debunked, Writer Apologizes. 3.2 Counter Misinformation Market: Drivers & Inhibitors. 12.6 LEAs & First Responders12.7 Financial Intelligence & Fraud Detection. Bitcoin prices also slipped after briefly turning positive following the hoax announcement. It is unclear whether the Securities and Exchange Commission or any other federal agencies are probing the incident. PRWeb is a subsidiary of Cision. We remain editorially independent and operate newsrooms in every part of Canada. We are working remotely and continue to have our daily news meetings; they are simply conducted by video conference instead of in person. 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 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. "Walmart had no knowledge of the press release issued by GlobeNewswire and there is no truth to it. Media will not cover some stories without a stock photo or video and cant always dispatch a photographer for every story. Sign up for notifications from Insider! Which regions are expected to invest most in these capabilities? Walmart had no knowledge of the press release issued by GlobeNewswire, and it is incorrect. Walmart, blindsided, responded with the following statement. 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. 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. 11.6.1.1 Machine Learning Methods. Fake News Generator 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. Quotes displayed in real-time or delayed by at least 15 minutes. After Walmart and GlobeNewswire disavowed the statement, Litecoin plunged back to its original value. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. 11.8.3 Market Size - Assessment and Forecast - 2020-2026. 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. Media outlets are therefore looking for tangible tools and information that will help their readers achieve this goal. By Matthew Goldstein,Ephrat Livni and Michael Corkery. Fake Walmart news release claimed it would accept FAQ - New Privacy Policy. Fake News | The Daily Wire 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. 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. Unlike CP, both the AP and Reuters run consumer-facing news sites and apps. Domestically, CP generates all its own 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. 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 2023 FOX News Network, LLC. WebA Walmart spokesperson told CNBC that they are investigating how GlobeNewswire shared the fake news. is a critical piece of the Thomson Reuters information conglomerate that delivers financial and business information to decision makers. Even the Twitter account for the Litecoin Foundation, which promotes the use of the currency, touted the release in a post. WebIn September 2021, GlobeNewswire published an unconfirmed fake news article that Walmart will accept Litecoin LTC payments. .. Advertisement .. Walmart Denies Tie-Up With Litecoin, Called The Press Release "Fake", Bitcoin Loses $30,000 Pricing Over Weekend; Ether Joins Most Altcoins in Recording Dips, Bitcoin Inches Close to $30,000 Mark After Four-Day Slump, Crypto Chart Shows More Gains Than Losses, Bitcoin Hovers Over $29,000, Most Altcoins Trade Lowly Amid Ongoing Market Swing, Watch: Heated Exchange Between Virat Kohli, Gautam Gambhir After IPL Game, Gangster Accused In Delhi Court Shootout Killed By Rivals In Tihar Jail, Kohli, Gambhir Handed Hefty Fines Following Heated Altercation In IPL, How 4 AM Breakfast Orders Helped Mumbai Cops Bust Fake Call Centre, Single Mother Wins Case To Get Father's Name Removed From Son's Passport, "Not Good To Have One Full-Service Airline": Former Jet Executive, Sun Pharma Records Rs 2,277 Crore March Quarter Net Loss, Online Education Firm Controlled By Chinese Nationals Raided In Bengaluru, Transgender Person Killed By Live-In Partner Near Mumbai, Australia Announces Sweeping Crackdown On E-Cigarettes, "I'm Warning The Thieves": Imran Khan To Pak Government Over Key Polls, Vice Media Headed For Bankruptcy, Seeks Buyer: Report, This website follows the DNPA Code of Ethics. 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. AI analytics that can identify synthetic media, Content and social media monitoring tools (OSINT). 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. Millions of people have lost their jobs. "No matter how many failsafes you have in place, nothing is ever going to be foolproof," he said. This can also be used for face audio detection. 11.5 Counter Misinformation Technology Background. 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. 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. 6.12 Water Crises. Track Latest News and Karnataka Elections 2023 Coverage Live on NDTV.com and get news updates from India and around the world. La Presse It is a misrepresentation involving a public issuer, said Andrew Calamari, a lawyer with Finn Dixon & Herling and a former director of the S.E.C.s securities and New York office. Monitoring news releases from our partners such as GlobeNewswire for relevant and newsworthy information from corporate, governmental, NGO and non-profit entities. "There's always going to be one-off situations that put a strain on the systems and processes you've developed," Terenzio said. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe. 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. chairman, recently called on Congress to grant financial regulators more authority over cryptocurrency products and exchanges. Gerry: These tools are a mix of OSINT and Cyber technologies. 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. filed an enforcement action just three weeks after the scheme began. 2020 Insights into DeepFake & Fake News Counter More recently as an executive editor in Toronto, his duties have included oversight of content partnerships, business development and government relations. No, Walmart and Litecoin Are Not Partnering - The New 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. 1.3 Market Size - Assessment and Forecast - 2020-2026. The article was primarily launched by a possibly hacked LiteCoin Twitter account; alternatively, active assistance to manipulate the market is also conceivable.[7][8]. And in late March and April, that was an easy call because literally everything else stopped, outside of breaking news. 6.8 Assets bubble. Traditionally, 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. Most deepfake videos are created by merging individually generated frames into videos. 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. Part of @Notified. It is a press release distribution company. 11.8.1.5 Market Dynamics 2020-2026. Keep scrolling and read the full interview below. Did you know? Language links are at the top of the page across from the title. 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. This is especially true in the tech sector. 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. 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. Walmart has no relationship with litecoin," a company spokesperson told Reuters. GlobeNewswire - Wikipedia 2 Misinformation in Homeland Security, Public Safety and National Security Market Background & Assessment 2.1 Misinformation Definition & Background. TotalEnergies adopts Wiztrust, Wiztopic's blockchain-based certification platform for corporate communication. This year, specifically, with regards to the pandemic, the demand was for all pandemic, all the time. 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. 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. December 17, 2020 10:33 ET Factcheckers? WebCHARLOTTESVILLE, Va., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Researchers from University of Virginia- Darden School of Business, Boston University, and University of 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. 1.4 Market Dynamics 2020-2026. FOX Business' Lucas Manfredi contributed to this report. With Litecoin, Called The Press Release In that case, the S.E.C. 6.4 Data Fraud or Theft 6.5 Terrorism Threat 6.6 Europe Homeland Security & Public Safety Market Drivers. Gerry: The Securities and Exchange Commission is likely to investigate a hoax Walmart news release about Litecoin because Walmart is publicly traded, lawyers said. We do not carry or sell advertising, and we dont directly compete for reader or viewer traffic. 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 However, it did not comment to a query by Reuters on the fake statement or the subsequent notice. Born and educated in Halifax, Nova Scotia, he began his career with The Chronicle-Herald. We were fortunate to have an opportunity to speak with Gerry Arnold, Executive Editor at The Canadian Press. It spawned immediate stories in major outlets like CNBC, Reuters, 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. Reuters 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. The Litecoin Foundation has not entered into a partnership with Walmart. GlobeNewswire, the distribution service for press releases, is blaming a fake report on a purported Walmart-Litecoin partnership on bad actors. Such hoaxes do happen every now and then. 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. "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. 11.8.1.2 Fake Profiles Detectors. 11.6.1 AI & Machine Learning. 11.8.1.6 Market Breakdown 2020-2026. GlobeNewswire, whose parent company, Intrado, is owned by the big private equity firm Apollo Global Management, competes with PR Newswire and Business Wire. As an example, the day of the federal budget, everyone has an opinion on the budget. Cryptocurrency enthusiasts noted another clue: Litecoins relative obscurity makes it an unlikely cryptocurrency choice for a retailer. 9.2 Active Data Sources. 6.24 Economic issues. Walmart Statement in Response to Fake Litecoin Press Also, the press contact named in the release does not work in Walmarts media division. 12.9 Military & Defense Intelligence. 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. 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: 12.5 Government Intelligence Agencies. [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. Shipping and discount codes are added at checkout. 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? Gerry: The report contains a detailed list and short profile of the companies that provide solutions for counter DeepFake and FakeNews monitoring and detection. 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. 10.2 Financial Fraud. Create a Reader Account today to follow the industries and companies that interest you, and customize your news dashboard. 6.22 Latin America and the Caribbean Homeland Security & Public Safety Market Drivers. 10.6 Revenge Porn & Sextortion. 11.8.2.1 Software-based Detection. [3], They deliver corporate press releases, financial disclosures and multimedia content to the media, investment community, individual investors and the public. 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. Do you think 'GlobeNewswire' is a legitimate news Legal Statement. 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. 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. Shortly thereafter, the article was deleted, but the damage had already been done. 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. 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. 12 Vertical Markets 12.1 Consolidated Market 2020-2026. 6.19 Unemployment or underemployment 6.20 Fiscal crises. If youd like to learn more about GlobeNewswire and The Canadian Press, click 9.3.1 OSINT (Social Media and Web) 9.3.1.1 Social Media Sources. 11.6.1.2 Deep Machine Learning. 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. Scam artist who started pro-Sanders super PAC sentenced to Torstar In an era of fake news, press releases also provide a straight-from-source information that is verifiable. GlobeNewswire Says, In Response To Fake 13.2 Europe, Middle East & Africa (EMEA) Market Background. 6.7 Cyberattacks. 6.11 APAC Homeland Security & Public Safety Market Drivers. 11.8.5 Market Breakdown 2020-2026. WebWalmart was the subject of a fake news release issued on Monday, Sept. 13, that falsely stated Walmart announced a partnership with Litecoin (LTC). 6.16 Cyberattacks. 11.7.2.4 Behavioral Analysis. Walmart had no knowledge GlobeNewswire or Nasdaq GlobeNewswire specializes in news distribution. 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: Powered and implemented byFactSet Digital Solutions. 11.6.2 Natural Language Processing (NLP) 11.6.2.1 Natural Language Processing Components. 3.2.2 Counter Misinformation Market Inhibitors. Walmart shares opened higher on Monday, but were last trading down 0.8 per cent. Whats the history of The Canadian Press? As a subscriber, you have 10 gift articles to give each month. This material may not be published, broadcast, rewritten, or redistributed. Walmart shares opened higher on Monday, but were last trading down 0.8 per cent. In 2009, federal securities regulators charged a stockbroker with disseminating false releases to manipulate the shares of several public companies. 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. Cary Lee Peterson, 38, of Phoenix, was sentenced to 52 months in prison on charges unrelated to the super PAC on Thursday. And many others will never be used in a story by CP. 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. Pay for only releases you send (no cost for account). 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.
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