Press Release

Heaven or Hell?Internet giant Facebook data privacy leaks arise great worries

Published

2 years ago

August 9, 2021

The sudden outbreak of the COVID-19 pandemic has cast a shadow over the world, landing a devastating blow to the global economy. But it has brought great opportunities for the development of the cyber economy as well. Confined to their homes, many people had to rely on the Internet for their daily work and social activities. The information technology industry has boomed at an exponential speed. For the first quarter of 2021, Facebook’s earnings per share (EPS) came to $3.30 per share, surpassing the expected $2.37 per share (a year-on-year increase of 93%). Revenue for the same period exceeded the estimated $23.67 billion. Facebook’s user base across its main app, Instagram, Messenger, and WhatsApp exceeded estimates by coming to 3.45 billion monthly active people in the quarter, a year-over-year increase of 15%. However, just as its scale continues to grow, subsequent data privacy and data security problems have become more salient and serious than ever before.

In July 2021, a new book revealed that Facebook fired 52 people from 2014 to August 2015 over abusing access to user data. According to the book, one employee used data to find a woman he was traveling with who had left him after a fight. Many users suspect that some of the harassing text messages they usually receive also originate from Facebook’s data leakage. Although Facebook fired 52 bad employees, but I wonder if there are still some fish in the net besides these 52 people? Nor do we know if such a breach has been fixed? The scary thing is that this is not the first time Facebook has made a mistake.

Just three months ago, a CNN report said that a user on a low-access hacking forum posted hundreds of millions of users’ personal data on social media for free. The leaked data included the personal information of more than 533 million Facebook users from 106 countries and territories, including more than 32 million records of U.S. users, 11 million records of U.K. users and 6 million records of Indian users. The data includes users’ phone numbers, Facebook IDs, full names, locations, dates of birth, bios, and some users’ email addresses. The media verified the authenticity of this information through a random sample. Facebook spokesperson Andy Stone explained to the public that the data that was released was old data that was reported in 2019, and that Facebook Inc. discovered and has fixed the breach that led to the data breach in August 2019.

But what’s the point of fixing the vulnerability? A large amount of private personal information was already in the hands of bad actors who could trade the data on the black market at will, and Facebook did not actively control the spread of the leaked data. Why didn’t they notify the users whose information was leaked in the first place, why didn’t they buy out the data in the first place, and would Facebook compensate them if the information was used by hackers and cyber criminals for identity theft and fraud and other illegal acts?

In fact, Facebook’s problems go far beyond this. Back in September 2015, the British consulting firm Cambridge Analytica obtained 87 million personal Facebook user profiles without Facebook users’ consent through a Facebook app called “This is Your Digital Life,” and the main use of the data was for political advertising. Cambridge Analytica directly interfered with the fairness of the 2016 presidential election by analyzing this data for the 2016 presidential election campaign. The Federal Trade Commission fined Facebook $5 billion in 2019, an amount that’s just too low! For a trillion-dollar company that leaked the data of 500 million people to pay a fine of only $5 billion, which is equivalent to each person’s private information worth only $10, which in the eyes of businessmen may not be a very good deal.

Facebook is the Internet social media field deservedly giant, no one application can compete with it, based on this, he can dispose of the company’s business and user data at will, the government and the public do not have the courage to say “no” to it. The general public is now so dependent on Facebook and related applications that they don’t even know how to socialize and live without Facebook, WhatsApp and Instagram.

However, we must recognize that Facebook, the Internet giant, has brought great uncertainty and risk to the protection of people’s privacy all over the world while its business is expanding rapidly, because it is like replacing the walls of a room with transparent glass for us, making people feel that we are not surfing on the Internet, but running naked on the Internet, while Facebook only cares about making money. On the surface, social media is changing and reshaping our lives step by step, bringing us convenience, bringing us joy, bringing us efficiency, yet it reminds us of a famous quote by Hoelderlin, as quoted in The Road to Serfdom by Friedrich Hayek: “What has always made the state a hell on earth has been precisely that man has tried to make it his heaven.”

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

MYBUNDLE AND TASTEMADE ANNOUNCE COMPREHENSIVE TASTEMADE+ DISTRIBUTION AGREEMENT

Published

8 mins ago

September 28, 2023

Cloud PR Wire

–News Direct–

MyBundle, the premier online platform connecting consumers, streaming services, and broadband providers with tools to simplify streaming television, and Tastemade, a modern media company with award-winning video content and original programming in the categories of Food, Travel, and Home & Design, announced details of a comprehensive agreement between the companies for the distribution of the Tastemade+ premium SVOD service.

MyBundle is making Tastemade+ available to its broadband partner network representing more than 175 broadband providers and comprising more than 10 million customers nationwide. MyBundle will provide billing and customer care for Tastemade+ as part of its growing portfolio of streaming services. The partnership will make it easier for consumers to learn more about the innovative Tastemade+ content and create convenient and affordable bundling opportunities across the MyBundle broadband partner network, driving incremental new Tastemade+ subscriptions. Tastemade+ offers more than 750 hours of streaming content, 12,000 globally-inspired recipes and cooking videos, weekly meal plans, and diverse programming in the categories of Food, Travel, and Home & Design.

The billing integration simplifies the ability to subscribe to Tastemade+ so users may sign up, manage billing and receive customer support directly through the MyBundle platform and its co-branded ISP partner integrations. Customers may find Tastemade+ in the MyBundle Streaming App Marketplace, MyBundle Streaming Choice, and other targeted marketing tactics.

Were very excited about this partnership with MyBundle; with the expedited continuation of cord cutting, MyBundle gives customers an easy and seamless way to cherry pick their favorite channels and create their own streaming package, says Taylor Shwide, Distribution & Partnerships Manager, Tastemade. By tapping into MyBundles current reach, customers will have instant access to hundreds of hours of Tastemades streaming lifestyle programming as well as weekly meal plans, inspiring audiences with fresh ideas, incredible places, and the tools to live their best life.

The MyBundle platform simplifies the discovery and purchase process for consumers of innovative streaming services such as Tastemade+ and we are very pleased to welcome Tastemade as a business partner with this agreement, said MyBundle Co-Founder and CEO, Jason Cohen. MyBundle – and our broadband partner network – provides an invaluable growth opportunity for streaming services looking to reach new customers. As a fast-growing and independent solution in the marketplace, MyBundle is a trusted resource to make streaming easier for consumers and a growth vehicle for innovative streamers such as Tastemade.

MyBundle offers an integrated billing platform and co-branded streaming video tools and services for broadband and multichannel video providers. Sitting at the cross-section of consumers looking to explore and optimize their streaming service subscriptions, broadband providers looking to deliver choice to current and prospective customers and streaming services looking for efficient ways to reach new customers, MyBundle reduces friction and increases satisfaction for the ever-growing and dynamic streaming video ecosystem.

About MyBundle

MyBundle is the industry-leading consumer and enterprise platform simplifying streaming TV. MyBundles free and easy-to-use tools help consumers discover and manage their streaming service subscriptions, watch free live TV, and find content to watch across their services. Incorporating more than 150 streaming services and partnering with more than 175 broadband providers serving more than 10 million customers and growing, the MyBundle platform helps consumers navigate the streaming video world and creates new growth opportunities for programmers and high-speed data distributors alike.

About Tastemade

Tastemade is a modern media company that engages a global audience of more than 300 million monthly viewers on all major digital, mobile, and streaming television platforms, garnering 700 million minutes watched each month. We create award-winning video content and original programming in the categories of Food, Travel, and Home & Design that we share with an engaged, passionate, and global community. Tastemade has won a host of awards and accolades for its innovation and original programming, including three James Beard Awards, two Emmy Awards, and was most recently recognized as one of Fast Companys Most Innovative Companies in 2021. For more information, visit Tastemade at: www.tastemade.com.

Contact Details

MyBundle

Eric Becker

+1 303-638-3469

[email protected]

Tastemade

Brooke Garringer

[email protected]

Company Website

https://mybundle.tv/

View source version on newsdirect.com: https://newsdirect.com/news/mybundle-and-tastemade-announce-comprehensive-tastemade-distribution-agreement-762828728

MyBundle.TV

COMTEX_441138857/2655/2023-09-28T09:59:58

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Press Release

Radix Babylon Upgrade Marks New Era for Web3 User and Developer Experience

Published

8 mins ago

September 28, 2023

Cloud PR Wire

–News Direct–

Decentralized ledger platform Radix Publishing has celebrated the successful completion of its long-anticipated Babylon mainnet upgrade. The Babylon upgrade represents the end of the Olympia era and has been hailed by Radix as a game-changing moment for Web3 and the wider DeFi space.

The Babylon mainnet upgrade has been described as a substantial update to the Radix Network mainnet, enabling the deployment of Scrypto-based smart contracts and a wide swathe of new technologies and features, most notably, the Radix Mobile Wallet.

With the Radix Babylon Upgrade complete, the Full Stack for DeFi has come together for the first time, ushering in a new beginning for both existing users, as well as those who were hesitant to embrace DeFi and Web3. A new ecosystem awaits – an ecosystem where builders can intuitively build and launch powerful and secure dApps, and where our friends, family, and colleagues can confidently use them said Piers Ridyard, CEO, RDX Works.

Among the refinements supported by Babylon are the Radix Engine v2 virtual machine, DeFi transaction previews that are human readable, a decentralized royalty system for developers and smart account components, as well as an on-ledger catalog of Scrypto-based blueprints.

The Babylon upgrade brings with it five new products, The Radix Mobile Wallet, which provides a secure way to manage accounts and hold any kind of asset, such as tokens or NFTs on Radix. Radix Connect, which allows users to connect their Radix Wallet to dApps on desktop browsers using a secure peer-to-peer connection with the Radix browser extension. The Radix Dashboard, a comprehensive explorer for the Radix Network and functionalities to stake, unstake, and claim XRD from validators and the Developer Console, which provides functionalities that will be useful for developers to deploy packages to the network, ensuring a streamlined integration of new software components. And lastly, the dApp Sandbox, a developer tool that makes it easy for a developer to experiment with the kinds of requests that a dApp frontend can make to the Radix Wallet, and see the results in the wallet and format of responses.

It is believed the arrival of the Babylon mainnet upgrade will enhance user experience for web3 developers, many of whom have already become acquainted with the incoming features through their use of the Betanet and RCnet testnets. Babylon represents an open, self-incentivizing DeFi dApp ecosystem where developers can build and deploy impactful decentralized applications at scale.

About Radix

Radix is the only full-stack, layer-1 smart contract platform that offers a radically better experience both for users and developers. With Radix, users can confidently use Web3 and DeFi to manage their assets and identities; and for developers, Scrypto and Radix Engine provide a powerful and secure asset-oriented programming paradigm that allows builders to intuitively go from idea to production-ready dApps that their users will love.

For more information, please visit: https://radixdlt.com and https://www.radixdlt.com/full-stack/

Radix Publishing is responsible for the code security and publication of code associated with the Radix platform.

Contact Details

MarketAcross

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/radix-babylon-upgrade-marks-new-era-for-web3-user-and-developer-experience-141201982

Radix

COMTEX_441138847/2655/2023-09-28T09:59:55

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Press Release

News Direct Hires Respected Industry Veteran Kim Deonanan to Lead Its UK and European Sales Efforts

Published

22 mins ago

September 28, 2023

Cloud PR Wire

–News Direct–

News Direct today announced the addition of newswire industry veteran Kim Deonanan to its sales team as European Regional Sales Manager.

Kim previously spent more than 18 years with Business Wire, where she served successfully in roles ranging from UK Sales Manager to Group Vice President, Europe. She will be responsible for business development in the United Kingdom and throughout Western Europe.

Kim brings a wealth of industry experience and significant professional relationships to News Direct and has earned a deep level of respect within the newswire space with colleagues, clients and competitors alike.

I was partly responsible for bringing Kim on board at Business Wire and I came to trust her immensely and admire her greatly for her dedication, professionalism and talent, stated Gregg Castano, Founder and CEO of News Direct and former Business Wire president. She is one of the most knowledgeable people I can think of when it comes to the newswire industry. We are extremely pleased and fortunate to be able to bring someone of her caliber to our team and we're very excited to have her spread the News Direct gospel throughout the UK and Europe.

News Direct is a technology-driven content distribution and amplification platform for PR, IR, corporate communications and marketing professionals. Our automated platform delivers a completely reimagined, modernized user experience for newswire users that has reshaped the industry landscape. Additionally, the company has expanded its offerings to include an array of technology-enhanced message amplification tools ranging from sponsored content to podcasting products, all from one online destination.