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. The fake Walmart release even led to some confusion at the Litecoin Foundation, which briefly posted it on its Twitter account. Also, the press contact named in the release does not work in Walmarts media division. 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. Reuters and other news outlets had reported on the partnership. 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. The article was primarily launched by a possibly hacked LiteCoin Twitter account; alternatively, active assistance to manipulate the market is also conceivable.[7][8]. 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. Cary Lee Peterson, 38, of Phoenix, was sentenced to 52 months in prison on charges unrelated to the super PAC on Thursday. 11.6.1.2 Deep Machine Learning. This can also be used for face audio detection. Born and educated in Halifax, Nova Scotia, he began his career with The Chronicle-Herald. here GlobeNewswire (@GlobeNewswire) / Twitter Unlike virtually every other media organization in Canada, CP has no business-to-consumer relationships. 6.12 Water Crises. 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 Schools, industry, business, and government all struggled to find a way to provide services. The foundation later deleted the message and posted that it had not entered into a partnership with Walmart. The report contains a detailed list and short profile of the companies that provide solutions for counter DeepFake and FakeNews monitoring and detection. 10.4 Personality Theft 10.5 Cyber-enabled Crime. 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. In an era of fake news, press releases also provide a straight-from-source information that is verifiable. 13.3 APAC Market Background. Fake News Generator Newswire Press Release Services | GlobeNewswire 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. Torstar 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. 3.2 Counter Misinformation Market: Drivers & Inhibitors. 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. GlobeNewswire press releases provide a steady stream of information to CP journalists, from financial announcements to product announcements and breaking-news updates. As a subscriber, you have 10 gift articles to give each month. 2 Misinformation in Homeland Security, Public Safety and National Security Market Background & Assessment 2.1 Misinformation Definition & Background. WebGlobeNewswire removed the press release minutes after CNN reached out, and it issued a correction, urging investors and the media to ignore the announcement. Millions of people have lost their jobs. Sign up for notifications from Insider! 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. 11.8.1 Fake News Detection Solutions. Bitcoin prices also slipped after briefly turning positive following the hoax announcement. "No matter how many failsafes you have in place, nothing is ever going to be foolproof," he said. 6.19 Unemployment or underemployment 6.20 Fiscal crises. Media are also looking for content rich press releases which provide access to images and videos, including B-roll. WebEast Africa drought would not have happened without humans, new science says. Many of these companies are startups such as Cheq, Metafact, Cyabra, Falso Tech, Sensity, and others. Track who is reading your news with custom reports. 10 Threats Generated by Misinformation Campaigns 10.1 Election Campaigns and Politics. When the fake Walmart release came out, Litecoin's value spiked more than 30%. 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. 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: Webcasting has also made it easier for our team to connect with and report on local stories that matter to those communities. [6], In September 2021, GlobeNewswire published an unconfirmed fake news article that Walmart will accept Litecoin LTC payments. And in late March and April, that was an easy call because literally everything else stopped, outside of breaking news. 2020 Insights into DeepFake & Fake News Counter When we were a co-operative, our member newspapers contributed stories for us to redistribute, but that ended a decade ago. 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. Pay for only releases you send (no cost for account). 3 Counter Misinformation in Homeland Security, Public Safety and National Security Market Background & Assessment 3.1 Counter Misinformation Background. Did you know? 11.7.1 What are Bot Networks. The false press release said Walmart would allow its customers to make payments with litecoin at its online stores. However, it did not comment to a query by Reuters on the fake statement or the subsequent notice. For one, it listed a contact email address at walmart-corp.com, an unauthorized website. 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. Market data provided byFactset. Business Wire declined to comment. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. 11.8.2.1 Software-based Detection. This approach has the advantage of possibly working even if the video quality itself is essentially perfect. Factcheckers? 11.6.2.5 Applications Types. What will the relevant trends be during that time? 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. 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. GlobeNewswire Says, In Response To Fake We are digging into it further to understand what happened, Mr. Hargrove said. 6.7 Cyberattacks. 6.21 Energy price shock. WebThe fake release was published on GlobeNewswire, a communication services company that provides companies with a platform to disseminate announcements. GlobeNewswire, whose parent company, Intrado, is owned by the big private equity firm Apollo Global Management, competes with PR Newswire and Business Wire. Shortly thereafter, the article was deleted, but the damage had already been done. Traditionally, 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. 12.4 Market Breakdown 2020-2026. 2.3 DeepFake Definition & Background. 11.7.2.4 Behavioral Analysis. An email earlier sent to a contact person in the statement remained 'undeliverable.' 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. 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. What type of regulations are countries implementing to fight the threats posed by deepfake and fake news activities. 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. 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. 11.7.2.2 Device Fingerprinting. Fake Walmart news release claimed it would accept 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. 6.16 Cyberattacks. 9.2 Active Data Sources. The release, which has since been deleted, contained a quote from CEO Doug McMillion. , 1.4 Market Dynamics 2020-2026. filed an enforcement action just three weeks after the scheme began. 11.6.1.1 Machine Learning Methods. Powered and implemented byFactSet Digital Solutions. OR complete the form on this page and a GlobeNewswire representative will be in touch with you promptly. 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. 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. 6.3 Cyber Attacks. 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. WebBy that time, several major news websites and press agencies had spread the supposed news. 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. We are no longer a co-operative, converting in 2010 to a private company owned by 11.3 Market Dynamics 2020-2026. 1.5 Market Breakdown 2020-2026. 6.23 Failure of national governance. 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. 11.8.4 Market Dynamics 2020-2026. A fake Walmart press release announcing a partnership with a cryptocurrency duped the media and investors. 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. The severe drought devastating the Horn of Africa by killing animals and crops In 2009, federal securities regulators charged a stockbroker with disseminating false releases to manipulate the shares of several public companies. 6.17 Interstate conflict 6.18 Middle East and Africa Homeland Security & Public Safety Market Drivers. 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. December 17, 2020 10:33 ET Phony Walmart News Release Signals a Crypto Pump-and-Dump Scheme, https://www.nytimes.com/2021/09/13/business/litecoin-walmart-crypto-hoax.html. 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. 6.24 Economic issues. Walmart had no knowledge of the press release issued by GlobeNewswire, and it is incorrect. Walmart Statement in Response to Fake Litecoin Press 11.6.2.4 Machine Vision. Legal Statement. Walmart shares opened higher on Monday, but were last trading down 0.8 per cent. We do not carry or sell advertising, and we dont directly compete for reader or viewer traffic. Quality of Video Analysis - analyzing the differences between deepfakes and real videos. The newest thing in finance had apparently fallen prey to one of the oldest investor hoaxes around a classic pump-and-dump scheme. All rights reserved. [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. Press release distribution has major blindspots when it comes to verifying information. 2.2 Fake News Definition & Background. The effects that bad actors have can move markets. On a household level, things like saving for retirement and post-secondary education have, for many people, simply stopped. Stay up to date with what you want to know. . 11.8.1.4 Market Size - Assessment and Forecast - 2020-2026. Fake press releases have been used to pump up asset prices. The Associated Press 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. . Gerry has spent his entire professional career working in Canadian journalism. We have taken steps to correct future issues, the statement said. 11.6 Counter Misinformation Technology Enablers & Applications. 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. Walmart fake litecoin press release: How did it happen? 6.15 Natural catastrophes. .. Advertisement .. 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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. Mutual Fund and ETF data provided byRefinitiv Lipper. GlobeNewswire - Wikipedia Pump and Dump: Fake Press Releases Crossing the Gerry: We are a content wholesaler, helping our customers power their own digital, broadcast and print properties with our storytelling and services. This year, specifically, with regards to the pandemic, the demand was for all pandemic, all the time. 6.13 Terrorist attacks. Every provincial government. 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. 6.9 Interstate conflict 6.10 Terror financing. The Canadian Press and GlobeNewswire | The Check out what's clicking on FoxBusiness.com. 13.2 Europe, Middle East & Africa (EMEA) Market Background. 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. Like the AP, their focus is international, whereas CPs focus is domestic Canadian news, complemented by APs world coverage. 10.6 Revenge Porn & Sextortion. Which end users are expected to invest most in these capabilities? 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. More recently as an executive editor in Toronto, his duties have included oversight of content partnerships, business development and government relations. "When GlobeNewswire became The Securities and Exchange Commission is likely to investigate a hoax Walmart news release about Litecoin because Walmart is publicly traded, lawyers said. 12.2 Market Analysis 2020-2026. 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. 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. 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. WebShare your news with media, investors, and consumers from around the world. Its unclear how the fake release made it past GlobeNewswires systems. National, provincial and municipal business leaders. 11.8.1.2 Fake Profiles Detectors. GlobeNewswire delivers your releases over The Canadian Press Wire to almost 700 media outlets. 11.7.2 Bot Networks Detection Tools. MPW CLASS ACTION: Hagens Berman, National Trial Attorneys, A spokesperson Formerly known as PrimeNewswire, the company changed its name to GlobeNewswire in 2008 to better reflect its international scope. Walmart says claims of cryptocurrency Litecoin 12.8 Cyber Security Agencies. 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. Domestically, CP generates all its own news. 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. The announcement made it on to Globe Newswire, a service widely used to 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. 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. PRWeb is a subsidiary of Cision. 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. 12 Vertical Markets 12.1 Consolidated Market 2020-2026. Cryptocurrency enthusiasts noted another clue: Litecoins relative obscurity makes it an unlikely cryptocurrency choice for a retailer. WebThe source seemed legit: An announcement posted on GlobeNewswire, a service for press release distribution. 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. Shipping and discount codes are added at checkout. Digital currencies briefly jumped in value after a fake release said the retailer would start accepting the little-used Litecoin. There is no question the S.E.C. How have they kept pace with the ever-changing news cycle, and how do journalists source their stories? Walmart had no knowledge 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. 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. 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 truthful answer is that it depends on what is going on and who is speaking through the press release. 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. 11.8.1.5 Market Dynamics 2020-2026. 9.3.1.2 Leading Social Media Platforms. FAQ - New Privacy Policy. In that case, the S.E.C. 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. "Counter Misinformation (DeepFake & Fake News) Solutions Market - 2020-2026", https://www.researchandmarkets.com/r/wa0l9c. The retailer later put out a statement saying that the release was incorrect and that it had no partnership with Litecoin. Create a Reader Account today to follow the industries and companies that interest you, and customize your news dashboard.

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