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. and The false press release said Walmart would allow its customers to make payments with litecoin at its online stores. FAQ - New Privacy Policy. The value of Litecoin jumped more than 30 percent before Walmart put out a statement saying the news was false. 9.3.1.2 Leading Social Media Platforms. Track Latest News and Karnataka Elections 2023 Coverage Live on NDTV.com and get news updates from India and around the world. 6.4 Data Fraud or Theft 6.5 Terrorism Threat 6.6 Europe Homeland Security & Public Safety Market Drivers. This is especially true in the tech sector. The newest thing in finance had apparently fallen prey to one of the oldest investor hoaxes around a classic pump-and-dump scheme. For reporters covering certain types of news government and business news conferences, for example the transition has been straight forward. 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. [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. 2.3 DeepFake Definition & Background. Keep scrolling and read the full interview below. 6.7 Cyberattacks. And the Walmart-Litecoin fiasco isn't an isolated incident. WebGlobeNewswire removed the press release minutes after CNN reached out, and it issued a correction, urging investors and the media to ignore the announcement. WebStephen Kings Fake News Tweet About Ron DeSantis Debunked, Writer Apologizes. 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. WebGlobeNewswire, the distribution service for press releases, is blaming a fake report on a purported Walmart-Litecoin partnership on bad actors. "Overall, it's really important for us to use technology on individual platforms and to have manual checks and balances.". Gerry: WebThe fake release was published on GlobeNewswire, a communication services company that provides companies with a platform to disseminate announcements. 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. 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. Walmart had no knowledge "There's always going to be one-off situations that put a strain on the systems and processes you've developed," Terenzio said. 6.12 Water Crises. 11.8.1.4 Market Size - Assessment and Forecast - 2020-2026. 13.2 Europe, Middle East & Africa (EMEA) Market Background. 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. Gary Gensler, the S.E.C. By Matthew Goldstein,Ephrat Livni and Michael Corkery. 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. 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. globenewswire 3 6 Finance Business, Economics, and Finance 6 comments Gerry: Who are the prominent vendors in the market? Its unclear how the fake release made it past GlobeNewswires systems. 6.3 Cyber Attacks. Cryptocurrency enthusiasts noted another clue: Litecoins relative obscurity makes it an unlikely cryptocurrency choice for a retailer. 3.2 Counter Misinformation Market: Drivers & Inhibitors. WebIn September 2021, GlobeNewswire published an unconfirmed fake news article that Walmart will accept Litecoin LTC payments. Thu, 27 Apr 2023. For CP journalists, this means they can efficiently monitor press releases for relevant and newsworthy information from public and private companies, non-profit agencies, and the government. Fake News Generator However, it did not comment to a query by Reuters on the fake statement or the subsequent notice. 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. Separately, the Litecoin Foundation tweeted it has not entered into a pact with the retailer. 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. Schools, industry, business, and government all struggled to find a way to provide services. Newswire Press Release Services | GlobeNewswire When we were a co-operative, our member newspapers contributed stories for us to redistribute, but that ended a decade ago. As a subscriber, you have 10 gift articles to give each month. For one, it listed a contact email address at walmart-corp.com, an unauthorized website. 12 Vertical Markets 12.1 Consolidated Market 2020-2026. 11.8.1.1 Classic OSINT Tools for Monitoring Purposes. 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 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. "No matter how many failsafes you have in place, nothing is ever going to be foolproof," he said. And Walmart normally uses Business Wire for its official announcements, Mr. Hargrove said. Press release distribution has major blindspots when it comes to verifying information. 11.7.1 What are Bot Networks. Gerry: Anyone can read what you share. 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. We remain editorially independent and operate newsrooms in every part of Canada. We have taken steps to correct future issues, the statement said. WebDo you think 'GlobeNewswire' is a legitimate news source for making stock buy/sell decisions? PRWeb is a subsidiary of Cision. The fake release was published on GlobeNewswire, a communication services company that provides companies with a platform to disseminate announcements. 6.2 North America Homeland Security & Public Safety Market Drivers. 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. The proliferation of technology, specifically Artificial Intelligence, allow wide scale and easy to use solutions to create synthetic media that seems very real, either in video, photos, or text. 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. 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. Also, the press contact named in the release does not work in Walmarts media division. Did you know? Track who is reading your news with custom reports. 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. The announcement made it on to Globe Newswire, a service widely used to 6.14 Manmade environmental catastrophes. When the fake Walmart release came out, Litecoin's value spiked more than 30%. 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 Litecoin Foundation has not entered into a partnership with Walmart. Many of these companies are startups such as Cheq, Metafact, Cyabra, Falso Tech, Sensity, and others. 9.3 Data Sources. The Securities and Exchange Commission is likely to investigate a hoax Walmart news release about Litecoin because Walmart is publicly traded, lawyers said. What type of regulations are countries implementing to fight the threats posed by deepfake and fake news activities. The announcement appeared real enough that several media outlets wrote it up. But that tremendous volume means it's impossible for editors to manually contact every company listed on every press release, said Castano, who's now CEO of press release distribution startup Newsdirect. 6.11 APAC Homeland Security & Public Safety Market Drivers. 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. 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. 3.2.2 Counter Misinformation Market Inhibitors. Such as in most tech heavily markets, end users are debating whether to work with an external vendor or to rely on internal developed capabilities as well as existing OSINT monitoring tools re-directed to a dedicated team. Walmart, blindsided, responded with the following 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. 9.3.1 OSINT (Social Media and Web) 9.3.1.1 Social Media Sources. Gerry: After Walmart and GlobeNewswire disavowed the statement, Litecoin plunged back to its original value. Press release distributors also struggle to balance ensuring the accuracy of information with being easy for clients to use. WebWest acquired GlobeNewswire and other PR tech assets from NASDAQ in 2018 for $335 million. 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. 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. 11.8.5 Market Breakdown 2020-2026. 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. 11.7.2 Bot Networks Detection Tools. Unlike CP, both the AP and Reuters run consumer-facing news sites and apps. It is a press release distribution company. Walmart says claims of cryptocurrency Litecoin As a result, millions of dollars in crypto exchanges were liquidated. Do you think 'GlobeNewswire' is a legitimate news GlobeNewswire (@GlobeNewswire) / Twitter National, provincial and municipal business leaders. 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. 11.8.1 Fake News Detection Solutions. Which end users are expected to invest most in these capabilities? Language links are at the top of the page across from the title. Fox Business Flash top headlines for September 13. AI analytics that can identify synthetic media, Content and social media monitoring tools (OSINT). The opposition. Walmart says crypto payments announcement is fake. "Counter Misinformation (DeepFake & Fake News) Solutions Market - 2020-2026", https://www.researchandmarkets.com/r/wa0l9c. 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. Part of @Notified. We are digging into it further to understand what happened, Mr. Hargrove said. 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. Born and educated in Halifax, Nova Scotia, he began his career with The Chronicle-Herald. Fake News | The Daily Wire WebSept 13 (Reuters) - Walmart Inc said on Monday it was looking into how a fake press statement announcing a partnership with litecoin, which briefly led to near 30% gains in GlobeNewswire press releases provide a steady stream of information to CP journalists, from financial announcements to product announcements and breaking-news updates. Mutual Fund and ETF data provided byRefinitiv Lipper. "Walmart was the subject of a fake news release issued on Monday, Sept. 13, that falsely stated Walmart announced a partnership with Litecoin (LTC). Fake Walmart Announcement Exposes Holes in Press 13 Regional Markets 13.1 North America Market Background. 6.17 Interstate conflict 6.18 Middle East and Africa Homeland Security & Public Safety Market Drivers. Whats the history of The Canadian Press? Pay for only releases you send (no cost for account). Quotes displayed in real-time or delayed by at least 15 minutes. This material may not be published, broadcast, rewritten, or redistributed. 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. One office, Halifax, has partially reopened and our staff have worked hard to evolve to the reality of remote news gathering in many circumstances, but not all.