EDGAR

Fake Press Releases: How Wire Service Hoaxes Manipulate Markets — And How to Stop Being a Victim

Fake press releases have been a category of securities fraud since the Emulex hoax of 2000 wiped out $2.2 billion in 16 minutes. Generative AI is compressing the operational cost of the attack. The threat in 2026 is bigger than at any prior point in the history of the wire industry.