Distributing a false press release can turn into a newswire's worst nightmare. Sara Calabro looks at newswire security measures and how a breach should be handled.
Earlier this year, Internet Wire (IW) unknowingly issued a phony press release about Cel-Sci. The release, which announced a partnership between the Virginia-based drug company and Japan's Takeda Chemical Industries, caused Cel-Sci's stock to rise $.08 on the day it was issued.
In response to the debacle (reminiscent of two years earlier, when a former ...