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. 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. GlobeNewswire blames Walmart-Litecoin fakery on 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. Webcasting has also made it easier for our team to connect with and report on local stories that matter to those communities. The negative impact of Fake News, especially within the political, economic, and social environments is increasing, emphasizing the need to detect and identify these Fake News stories in near real-time. There is no question the S.E.C. Fake Walmart news release claimed it would accept 6.11 APAC Homeland Security & Public Safety Market Drivers. 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 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. 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. The Globe and Mail "When GlobeNewswire became 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. 12.5 Government Intelligence Agencies. 6.21 Energy price shock. . We are working remotely and continue to have our daily news meetings; they are simply conducted by video conference instead of in person. 6.17 Interstate conflict 6.18 Middle East and Africa Homeland Security & Public Safety Market Drivers. 11.8.5 Market Breakdown 2020-2026. These tools are a mix of OSINT and Cyber technologies. 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. PRWeb is known as one of the leaders in press GlobeNewswire (@GlobeNewswire) / Twitter TotalEnergies adopts Wiztrust, Wiztopic's blockchain-based certification platform for corporate communication. filed an enforcement action just three weeks after the scheme began. Fake Walmart Announcement Exposes Holes in Press And Walmart normally uses Business Wire for its official announcements, Mr. Hargrove said. 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. 11.8.1.6 Market Breakdown 2020-2026. Keep scrolling and read the full interview below. 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. Create your releases, choose when and where they'resent. Track who is reading your news with custom reports. 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. Some of those have primary usefulness information from an important source we might use right away. The Associated Press Walmart had no knowledge of the press release issued by GlobeNewswire, and it is incorrect. "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. It is a press release distribution company. 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. Press release distribution has major blindspots when it comes to verifying information. "Overall, it's really important for us to use technology on individual platforms and to have manual checks and balances.". "Ultimately it is our clients who author and are responsible for their own content," a Cision spokesperson said. Thu, 27 Apr 2023. For reporters covering certain types of news government and business news conferences, for example the transition has been straight forward. GlobeNewswire or Nasdaq GlobeNewswire specializes in news distribution. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Posing as Walmart, scammers send crypto surging 25 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. 11.7.1 What are Bot Networks. Pump and Dump: Fake Press Releases Crossing the Shortly thereafter, the article was deleted, but the damage had already been done. Check out what's clicking on FoxBusiness.com. 12.4 Market Breakdown 2020-2026. The fake release was published on GlobeNewswire, a communication services company that provides companies with a platform to disseminate announcements. 12 Vertical Markets 12.1 Consolidated Market 2020-2026. 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. 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. And the Walmart-Litecoin fiasco isn't an isolated incident. Legal Statement. Unlike virtually every other media organization in Canada, CP has no business-to-consumer relationships. 9.3.1.2 Leading Social Media Platforms. The value of Litecoin jumped more than 30 percent before Walmart put out a statement saying the news was false. 12.8 Cyber Security Agencies. And in late March and April, that was an easy call because literally everything else stopped, outside of breaking news. 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. Did you know? , Quotes displayed in real-time or delayed by at least 15 minutes. Walmart Statement in Response to Fake Litecoin Press WebGlobeNewswire, the distribution service for press releases, is blaming a fake report on a purported Walmart-Litecoin partnership on bad actors. 6.12 Water Crises. We were fortunate to have an opportunity to speak with Gerry Arnold, Executive Editor at The Canadian Press. Create a Reader Account today to follow the industries and companies that interest you, and customize your news dashboard. "Counter Misinformation (DeepFake & Fake News) Solutions Market - 2020-2026", https://www.researchandmarkets.com/r/wa0l9c. The Securities and Exchange Commission is likely to investigate a hoax Walmart news release about Litecoin because Walmart is publicly traded, lawyers said. The Litecoin Foundation has not entered into a partnership with Walmart. 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. We do not carry or sell advertising, and we dont directly compete for reader or viewer traffic. 2020 Insights into DeepFake & Fake News Counter Walmart has no relationship with litecoin," a company spokesperson told Reuters. 11.7.2.2 Device Fingerprinting. 11.8.4 Market Dynamics 2020-2026. 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. Who are the prominent vendors in the market? Research and Markets. 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. 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. 2.3 DeepFake Definition & Background. chairman, recently called on Congress to grant financial regulators more authority over cryptocurrency products and exchanges. We are a content wholesaler, helping our customers power their own digital, broadcast and print properties with our storytelling and services. Even if an image is not used immediately, it gets archived for possible use in the future. La Presse 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. Business Wire declined to comment. 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. As an example, the day of the federal budget, everyone has an opinion on the budget. As a result, millions of dollars in crypto Even the Twitter account for the Litecoin Foundation, which promotes the use of the currency, touted the release in a post. Gerry: [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. The price of Litecoin popped as high as $233.44 per coin Monday before turning lower on confirmation of the erroneous news. Walmart fake litecoin press release: How did it happen? 11 Technology 11.1 Consolidated Market 2020-2026. and Anyone can read what you share. 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. 11.6.2 Natural Language Processing (NLP) 11.6.2.1 Natural Language Processing Components. After Walmart called it fake, GlobeNewswire published a notice to "disregard" the press release. This approach has the advantage of possibly working even if the video quality itself is essentially perfect. 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. Some things cant be done from your home office. 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. Press release distributors also struggle to balance ensuring the accuracy of information with being easy for clients to use. 3 Counter Misinformation in Homeland Security, Public Safety and National Security Market Background & Assessment 3.1 Counter Misinformation Background. Market data provided byFactset. 11.7.2.4 Behavioral Analysis. The announcement appeared real enough that several media outlets wrote it up. 2 Misinformation in Homeland Security, Public Safety and National Security Market Background & Assessment 2.1 Misinformation Definition & Background. Unlike CP, both the AP and Reuters run consumer-facing news sites and apps. 1.5 Market Breakdown 2020-2026. 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. 13.2 Europe, Middle East & Africa (EMEA) Market Background. As a result, millions of dollars in crypto exchanges were liquidated. No, Walmart and Litecoin Are Not Partnering - The New 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. Gerry: 1.4 Market Dynamics 2020-2026. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe. 11.6.1 AI & Machine Learning. Newswire Press Release Services | GlobeNewswire 11.6.2.2 Natural Language Processing Application Types. 11.8.1.4 Market Size - Assessment and Forecast - 2020-2026. Most big corporate news wire companies have secure systems for letting companies submit releases for distribution. 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. 6.2 North America Homeland Security & Public Safety Market Drivers. Gerry: As a subscriber, you have 10 gift articles to give each month. The report contains a detailed list and short profile of the companies that provide solutions for counter DeepFake and FakeNews monitoring and detection. 13.3 APAC Market Background. OR complete the form on this page and a GlobeNewswire representative will be in touch with you promptly. Photographers still go out and get images where the news is. 11.2 Market Analysis 2020-2026. Walmart shares opened higher on Monday, but were last trading down 0.8 per cent. 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. 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. 6.23 Failure of national governance. 11.8.1.2 Fake Profiles Detectors. A press release from PRWeb Pricing cost between $99 and $369. 11.8.2 DeepFake Detection Solutions. 6.22 Latin America and the Caribbean Homeland Security & Public Safety Market Drivers. The newest thing in finance had apparently fallen prey to one of the oldest investor hoaxes around a classic pump-and-dump scheme. WebWalmart was the subject of a fake news release issued on Monday, Sept. 13, that falsely stated Walmart announced a partnership with Litecoin (LTC). Proactively using our own staff to research, break and develop news; Monitoring local radio and television for top stories across Canada; and. 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. Most deepfake videos are created by merging individually generated frames into videos. WebGlobeNewswire removed the press release minutes after CNN reached out, and it issued a correction, urging investors and the media to ignore the announcement. 3.2.1 Counter Misinformation Market Drivers. The news release went out at 9:30 a.m. Monday, just as the U.S. stock market opened. This is especially true in the tech sector. We are no longer a co-operative, converting in 2010 to a private company owned by Every provincial government. 6.7 Cyberattacks. 10.6 Revenge Porn & Sextortion. Walmart has no relationship with Litecoin. 12.9 Military & Defense Intelligence. On a household level, things like saving for retirement and post-secondary education have, for many people, simply stopped. All further questions should be directed to GlobeNewswire," it stated. 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 Counter Misinformation Technology Enablers & Applications. 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. Walmart says claims of cryptocurrency Litecoin In 2009, federal securities regulators charged a stockbroker with disseminating false releases to manipulate the shares of several public companies. Its unclear how the fake release made it past GlobeNewswires systems. Reuters withdrew its initial story. 9.3.1 OSINT (Social Media and Web) 9.3.1.1 Social Media Sources. 9.3 Data Sources. Walmart shares opened higher on Monday, but were last trading down 0.8 per cent. Web vs Globe Newswire Services Revealed For over 15 years,Intrado Digital Media's GlobeNewswireandThe Canadian Press(CP) have enjoyed a unique partnership: press releases distributed by GlobeNewswire on behalf of thousands of clients are delivered directly into newsroom editorial systems and to the desktops of journalists at almost 700 media outlets served by CP across Canada. 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. The opposition. 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. [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. 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. 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. GlobeNewswire, the distribution service for press releases, is blaming a fake report on a purported Walmart-Litecoin partnership on bad actors. 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. More recently as an executive editor in Toronto, his duties have included oversight of content partnerships, business development and government relations. Walmart, blindsided, responded with the following statement. is a critical piece of the Thomson Reuters information conglomerate that delivers financial and business information to decision makers. Monitoring news releases from our partners such as GlobeNewswire for relevant and newsworthy information from corporate, governmental, NGO and non-profit entities. 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. The release, which has since been deleted, contained a quote from CEO Doug McMillion. A spokesperson Gerry: "Walmart had no knowledge of the press release issued by GlobeNewswire and there is no truth to it. The announcement made it on to Globe Newswire, a service widely used to The interest in public education campaigns about these topics has therefore grown in step. "No matter how many failsafes you have in place, nothing is ever going to be foolproof," he said. 6.16 Cyberattacks. 2.4 Fake News & DeepFake Economic Damages. Do you think 'GlobeNewswire' is a legitimate news Track Latest News and Karnataka Elections 2023 Coverage Live on NDTV.com and get news updates from India and around the world. 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 11.7.2 Bot Networks Detection Tools. Which end users are expected to invest most in these capabilities? | Source: Mutual Fund and ETF data provided byRefinitiv Lipper. Phony Walmart News Release Signals a Crypto Pump-and-Dump Scheme, https://www.nytimes.com/2021/09/13/business/litecoin-walmart-crypto-hoax.html. It spawned immediate stories in major outlets like CNBC, Reuters, Such hoaxes do happen every now and then. 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. WebThe fake release was published on GlobeNewswire, a communication services company that provides companies with a platform to disseminate announcements. 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.
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