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. AI analytics that can identify synthetic media, Content and social media monitoring tools (OSINT). FOX Business' Lucas Manfredi contributed to this report. 3 Counter Misinformation in Homeland Security, Public Safety and National Security Market Background & Assessment 3.1 Counter Misinformation Background. The Associated Press 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. 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. 6.3 Cyber Attacks. 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). WebBy that time, several major news websites and press agencies had spread the supposed news. After Walmart and GlobeNewswire disavowed the statement, Litecoin plunged back to its original value. 10.2 Financial Fraud. The newest thing in finance had apparently fallen prey to one of the oldest investor hoaxes around a classic pump-and-dump scheme. 11.8.1.4 Market Size - Assessment and Forecast - 2020-2026. 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. [6], In September 2021, GlobeNewswire published an unconfirmed fake news article that Walmart will accept Litecoin LTC payments. Torstar 11.7 Bot Networks. WebStephen Kings Fake News Tweet About Ron DeSantis Debunked, Writer Apologizes. 6.7 Cyberattacks. "Ultimately it is our clients who author and are responsible for their own content," a Cision spokesperson said. PR pros can sign up to receive a list of direct phone numbers and email addresses of Canadian Press editors and bureau chiefs. Media will not cover some stories without a stock photo or video and cant always dispatch a photographer for every story. Litecoin jumped about 30 per cent following the fake statement, but they quickly pared gains and were last up just about 3 per cent. 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 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. Walmart had no knowledge WebA Walmart spokesperson told CNBC that they are investigating how GlobeNewswire shared the fake news. 11.6.2.4 Machine Vision. Its unclear how the fake release made it past GlobeNewswires systems. We have taken steps to correct future issues, the statement said. Most deepfake videos are created by merging individually generated frames into videos. 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. 13.2 Europe, Middle East & Africa (EMEA) Market Background. The opposition. 6.14 Manmade environmental catastrophes. is a critical piece of the Thomson Reuters information conglomerate that delivers financial and business information to decision makers. 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. 6.21 Energy price shock. FAQ - New Privacy Policy. "No matter how many failsafes you have in place, nothing is ever going to be foolproof," he said. Phony Walmart News Release Signals a Crypto Pump-and-Dump Scheme, https://www.nytimes.com/2021/09/13/business/litecoin-walmart-crypto-hoax.html. 11.6.1 AI & Machine Learning. [3], They deliver corporate press releases, financial disclosures and multimedia content to the media, investment community, individual investors and the public. 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. Even if an image is not used immediately, it gets archived for possible use in the future. The report contains a detailed list and short profile of the companies that provide solutions for counter DeepFake and FakeNews monitoring and detection. PRWeb is a subsidiary of Cision. As a subscriber, you have 10 gift articles to give each month. And of course, the economic fallout will continue to be a major story for literally years. 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. WebWalmart was the subject of a fake news release issued on Monday, Sept. 13, that falsely stated Walmart announced a partnership with Litecoin (LTC). What will be the fake news detection software market size in 2019-2025? 11.3 Market Dynamics 2020-2026. The Litecoin Foundation has not entered into a partnership with Walmart. Born and educated in Halifax, Nova Scotia, he began his career with The Chronicle-Herald. More recently as an executive editor in Toronto, his duties have included oversight of content partnerships, business development and government relations. Gerry: 11.5 Counter Misinformation Technology Background. GlobeNewswire, the distribution service for press releases, is blaming a fake report on a purported Walmart-Litecoin partnership on bad actors. 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. 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. Reuters withdrew its initial story. 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. Business Wire declined to comment. 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. WebEast Africa drought would not have happened without humans, new science says. Gerry: 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. 12.5 Government Intelligence Agencies. 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. When we were a co-operative, our member newspapers contributed stories for us to redistribute, but that ended a decade ago. As an example, the day of the federal budget, everyone has an opinion on the budget. Whats the history of The Canadian Press? Separately, the Litecoin Foundation tweeted it has not entered into a pact with the retailer. 10 Threats Generated by Misinformation Campaigns 10.1 Election Campaigns and Politics. 6.22 Latin America and the Caribbean Homeland Security & Public Safety Market Drivers. While the announcement appeared authentic even including a statement purportedly from Walmarts chief executive, Doug McMillon there were clues it was fake. Reuters and other news outlets had reported on the partnership. 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. 11.7.2.2 Device Fingerprinting. The fake Walmart release even led to some confusion at the Litecoin Foundation, which briefly posted it on its Twitter account. WebGlobeNewswire, the distribution service for press releases, is blaming a fake report on a purported Walmart-Litecoin partnership on bad actors. The fake press release got significant traction, after it was up for two hours. 10.6 Revenge Porn & Sextortion. Unlike virtually every other media organization in Canada, CP has no business-to-consumer relationships. 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 has no relationship with litecoin," a company spokesperson told Reuters. OR complete the form on this page and a GlobeNewswire representative will be in touch with you promptly. 2.2 Fake News Definition & Background. 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. 11.8.1.6 Market Breakdown 2020-2026. WebDo you think 'GlobeNewswire' is a legitimate news source for making stock buy/sell decisions? Media are also looking for content rich press releases which provide access to images and videos, including B-roll. In response to an inquiry by FOX Business, the SEC said it "does not comment on the existence or nonexistence of a possible investigation.". Others may have secondary usefulness a hook for a next-day story, or even a next-week story or a regional piece away from Ottawa. 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. 10.3 Public Health. 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. In that case, the S.E.C. 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. Such hoaxes do happen every now and then. The release, which has since been deleted, contained a quote from CEO Doug McMillion. 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. 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. PRWeb is known as one of the leaders in press How have they kept pace with the ever-changing news cycle, and how do journalists source their stories? GlobeNewswire press releases provide a steady stream of information to CP journalists, from financial announcements to product announcements and breaking-news updates. 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. For one, it listed a contact email address at walmart-corp.com, an unauthorized website. The S.E.C. 11.4 Market Breakdown 2020-2026. And the Walmart-Litecoin fiasco isn't an isolated incident. If youd like to learn more about GlobeNewswire and The Canadian Press, click 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. Legal Statement. 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. Walmart has no relationship with Litecoin. 3.2.2 Counter Misinformation Market Inhibitors. 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. Formerly known as PrimeNewswire, the company changed its name to GlobeNewswire in 2008 to better reflect its international scope. 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.

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