WebGlobeNewswire, the distribution service for press releases, is blaming a fake report on a purported Walmart-Litecoin partnership on bad actors. It is a press release distribution company. Walmart had no knowledge of the press release issued by GlobeNewswire, and it is incorrect. 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. 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. 11.6 Counter Misinformation Technology Enablers & Applications. Shortly thereafter, the article was deleted, but the damage had already been done. "Walmart had no knowledge of the press release issued by GlobeNewswire and there is no truth to it. 12.3 Market Dynamics 2020-2026. WebIn September 2021, GlobeNewswire published an unconfirmed fake news article that Walmart will accept Litecoin LTC payments. 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. Which regions are expected to invest most in these capabilities? Monitoring news releases from our partners such as GlobeNewswire for relevant and newsworthy information from corporate, governmental, NGO and non-profit entities. And Walmart normally uses Business Wire for its official announcements, Mr. Hargrove said. 6.2 North America Homeland Security & Public Safety Market Drivers. The implications of that wont be felt for years, but it will have an impact. 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. 12.5 Government Intelligence Agencies. "No matter how many failsafes you have in place, nothing is ever going to be foolproof," he said. Gerry: 6.7 Cyberattacks. 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. 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. Even if an image is not used immediately, it gets archived for possible use in the future. 11.6.2.3 Speech Recognition & Machine Hearing. In an era of fake news, press releases also provide a straight-from-source information that is verifiable. 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. 9.3.1.2 Leading Social Media Platforms. 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. 11.8.3 Market Size - Assessment and Forecast - 2020-2026. However, it did not comment to a query by Reuters on the fake statement or the subsequent notice. 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. 12.9 Military & Defense Intelligence. Torstar WebBy that time, several major news websites and press agencies had spread the supposed news. The severe drought devastating the Horn of Africa by killing animals and crops 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. 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. FOX Business' Lucas Manfredi contributed to this report. How have they kept pace with the ever-changing news cycle, and how do journalists source their stories? Also, the press contact named in the release does not work in Walmarts media division. Keep scrolling and read the full interview below. [6], In September 2021, GlobeNewswire published an unconfirmed fake news article that Walmart will accept Litecoin LTC payments. Research and Markets With Litecoin, Called The Press Release 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. December 17, 2020 10:33 ET The value of Litecoin jumped more than 30 percent before Walmart put out a statement saying the news was false. It spawned immediate stories in major outlets like CNBC, Reuters, 12 Vertical Markets 12.1 Consolidated Market 2020-2026. WebShare your news with media, investors, and consumers from around the world. Dublin, Dec. 17, 2020 (GLOBE NEWSWIRE) -- The "Counter Misinformation (DeepFake & Fake News) Solutions Market - 2020-2026" report has been added to ResearchAndMarkets.com's offering. 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. 10.6 Revenge Porn & Sextortion. Unlike CP, both the AP and Reuters run consumer-facing news sites and apps. 11 Technology 11.1 Consolidated Market 2020-2026. Bloomberg and Reuters, two of the media outlets that had written up the release, retracted and updated their articles. All rights reserved. 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. has jurisdiction.. declined to comment on the matter. Track Latest News and Karnataka Elections 2023 Coverage Live on NDTV.com and get news updates from India and around the world. As a result, millions of dollars in crypto And in late March and April, that was an easy call because literally everything else stopped, outside of breaking news. 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. 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. 13 Regional Markets 13.1 North America Market Background. 6.14 Manmade environmental catastrophes. filed an enforcement action just three weeks after the scheme began. We do not carry or sell advertising, and we dont directly compete for reader or viewer traffic. Sign up today for your free Reader Account! We remain editorially independent and operate newsrooms in every part of Canada. What will the relevant trends be during that time? Walmart says looking into fake press release on litecoin This approach has the advantage of possibly working even if the video quality itself is essentially perfect. AI analytics that can identify synthetic media, Content and social media monitoring tools (OSINT). 3 Counter Misinformation in Homeland Security, Public Safety and National Security Market Background & Assessment 3.1 Counter Misinformation Background. is a critical piece of the Thomson Reuters information conglomerate that delivers financial and business information to decision makers. Walmart has no relationship with litecoin," a company spokesperson told Reuters. 11.3 Market Dynamics 2020-2026. and What will be the deepfake detection software market size in 2019-2025? 12.6 LEAs & First Responders12.7 Financial Intelligence & Fraud Detection. 6.19 Unemployment or underemployment 6.20 Fiscal crises. No, Walmart and Litecoin Are Not Partnering - The New Web vs Globe Newswire Services Revealed Photographers still go out and get images where the news is. 11.2 Market Analysis 2020-2026. The opposition. What are the market drivers and inhibitors? 6.22 Latin America and the Caribbean Homeland Security & Public Safety Market Drivers. GlobeNewswire blames Walmart-Litecoin fakery on 9.3.1 OSINT (Social Media and Web) 9.3.1.1 Social Media Sources. Pay for only releases you send (no cost for account). A press release from PRWeb Pricing cost between $99 and $369. 3.2.1 Counter Misinformation Market Drivers. "When GlobeNewswire became 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. After Walmart called it fake, GlobeNewswire published a notice to "disregard" the press release. 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. Create your releases, choose when and where they'resent. Many of these companies are startups such as Cheq, Metafact, Cyabra, Falso Tech, Sensity, and others. 11.5 Counter Misinformation Technology Background. 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. 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. Fake News | The Daily Wire 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 absence of a consumer-facing suite of products makes CP the industrys honest broker, where media brands rely on us to help shape their coverage that keeps Canadians informed 24/7. We are digging into it further to understand what happened, Mr. Hargrove said. As a result, millions of dollars in crypto exchanges were liquidated. Did you know? 11.8.2.1 Software-based Detection. 10.3 Public Health. 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. 12.4 Market Breakdown 2020-2026. GlobeNewswire (@GlobeNewswire) / Twitter 3.2.2 Counter Misinformation Market Inhibitors. GlobeNewswire Says, In Response To Fake Press release distributors also struggle to balance ensuring the accuracy of information with being easy for clients to use. This is especially true in the tech sector. 6.15 Natural catastrophes. 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. Fake Walmart news release claimed it would accept While the announcement appeared authentic even including a statement purportedly from Walmarts chief executive, Doug McMillon there were clues it was fake. By midmorning, the service had notified users that the announcement should be disregarded. 10 Threats Generated by Misinformation Campaigns 10.1 Election Campaigns and Politics. And the Walmart-Litecoin fiasco isn't an isolated incident. For one, it listed a contact email address at walmart-corp.com, an unauthorized website. Posing as Walmart, scammers send crypto surging 25 The release, which has since been deleted, contained a quote from CEO Doug McMillion. We were fortunate to have an opportunity to speak with Gerry Arnold, Executive Editor at The Canadian Press. 13.3 APAC Market Background. Fake press releases have been used to pump up asset prices. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. 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. National, provincial and municipal business leaders. Like the AP, their focus is international, whereas CPs focus is domestic Canadian news, complemented by APs world coverage. 11.8.4 Market Dynamics 2020-2026. We are working remotely and continue to have our daily news meetings; they are simply conducted by video conference instead of in person. . 2023 FOX News Network, LLC. 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. PR pros can sign up to receive a list of direct phone numbers and email addresses of Canadian Press editors and bureau chiefs. 11.7.2.4 Behavioral Analysis. 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. 1.3 Market Size - Assessment and Forecast - 2020-2026. Millions of people have lost their jobs. And the long view of that has many angles to cover. WebGlobeNewswire press releases provide a steady stream of information to CP journalists, from financial announcements to product announcements and breaking-news updates. [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. Check out what's clicking on FoxBusiness.com. An email earlier sent to a contact person in the statement remained 'undeliverable.' 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. This was later retweeted by the verified Twitter account of litecoin as well as by Charlie Lee, the creator of the cryptocurrency. 11.8.1.2 Fake Profiles Detectors. PR pros can sign up to receive a list of direct phone numbers and email addresses of Canadian Press editors and bureau chiefs. This material may not be published, broadcast, rewritten, or redistributed. 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. 11.7.2.3 Human Interaction Challenge. The Globe and Mail 11.6.1.2 Deep Machine Learning. A spokesperson 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. 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. 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. 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. When we were a co-operative, our member newspapers contributed stories for us to redistribute, but that ended a decade ago. The S.E.C. Born and educated in Halifax, Nova Scotia, he began his career with The Chronicle-Herald. 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: 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. WebThe fake release was published on GlobeNewswire, a communication services company that provides companies with a platform to disseminate announcements. 2.2 Fake News Definition & Background. WebStephen Kings Fake News Tweet About Ron DeSantis Debunked, Writer Apologizes. Walmart shares opened higher on Monday, but were last trading down 0.8 per cent. globenewswire 3 6 Finance Business, Economics, and Finance 6 comments 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. The announcement appeared real enough that several media outlets wrote it up. The fake release was published on GlobeNewswire, a communication services company that provides companies with a platform to disseminate announcements. Walmart shares opened higher on Monday, but were last trading down 0.8 per cent. 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. here WebGlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to 13.2 Europe, Middle East & Africa (EMEA) Market Background. 11.8.1.5 Market Dynamics 2020-2026. Most big corporate news wire companies have secure systems for letting companies submit releases for distribution. Want to stay updated on the latest news? 12.2 Market Analysis 2020-2026. 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. 6.17 Interstate conflict 6.18 Middle East and Africa Homeland Security & Public Safety Market Drivers. What will be the counter deepfake and counter fake news software market size in 2019-2025? 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. Media will not cover some stories without a stock photo or video and cant always dispatch a photographer for every story. And of course, the economic fallout will continue to be a major story for literally years. [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. Thu, 27 Apr 2023. 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. 11.8.2 DeepFake Detection Solutions. The interest in public education campaigns about these topics has therefore grown in step. The fake press release got significant traction, after it was up for two hours. 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. 2.4 Fake News & DeepFake Economic Damages. 11.7 Bot Networks. 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. Such hoaxes do happen every now and then. Stay up to date with what you want to know. chairman, recently called on Congress to grant financial regulators more authority over cryptocurrency products and exchanges. Walmart, blindsided, responded with the following statement. The perpetrators of the hoax most likely made money in that time. 11.6.1.1 Machine Learning Methods. We still make the same value judgments as in the past. WebCHARLOTTESVILLE, Va., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Researchers from University of Virginia- Darden School of Business, Boston University, and University of A fake Walmart press release announcing a partnership with a cryptocurrency duped the media and investors. WebWalmart was the subject of a fake news release issued on Monday, Sept. 13, that falsely stated Walmart announced a partnership with Litecoin (LTC). 1.2 Market Dynamics & Opportunities. WebEast Africa drought would not have happened without humans, new science says. 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. Domestically, CP generates all its own news. Gary Gensler, the S.E.C. Digital currencies briefly jumped in value after a fake release said the retailer would start accepting the little-used Litecoin. Hundreds of voices trying to be heard and we keep an objective eye on press releases to see if they have anything to add to the story. 6.16 Cyberattacks. 6.9 Interstate conflict 6.10 Terror financing. GlobeNewswire or Nasdaq GlobeNewswire specializes in news distribution. "Overall, it's really important for us to use technology on individual platforms and to have manual checks and balances.". 6.23 Failure of national governance. It is unclear whether the Securities and Exchange Commission or any other federal agencies are probing the incident. The fake Walmart-Litecoin release went out at 9 am and wasn't taken down until after 11 am. GlobeNewswire, whose parent company, Intrado, is owned by the big private equity firm Apollo Global Management, competes with PR Newswire and Business Wire. Walmart fake litecoin press release: How did it happen? 2.3 DeepFake Definition & Background. The effects that bad actors have can move markets. Bitcoin prices also slipped after briefly turning positive following the hoax announcement. 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. WebWest acquired GlobeNewswire and other PR tech assets from NASDAQ in 2018 for $335 million. More recently as an executive editor in Toronto, his duties have included oversight of content partnerships, business development and government relations. Quotes displayed in real-time or delayed by at least 15 minutes. 11.6.2.5 Applications Types. 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. WebDo you think 'GlobeNewswire' is a legitimate news source for making stock buy/sell decisions?
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