Wednesday, December 18, 2024

Troubled Times for Meta As Company Fined $264M For 2018 Privacy Breach and $50M For Enabling Cambridge Analytica Scandal

In 2018, 29M users on Facebook were impacted by a massive security breach that put their personal data at risk.

Several years later, the company is finally being penalized by the Irish DPC with a 251M Euros fine as it feels the tech giant did not do enough to ensure users’ security on the platform.

Meta was slammed for not providing protection against cyberattacks where criminals exploited a vulnerability inside FB’s code.

This sort of exploit enabled them to use the page’s ‘View As’ so that they could get a hold of others’ data with ease. From email IDs to phone numbers and even exact locations, the list was full of shocking sensitive data including names of kids and their information.

This was a clear case of not providing the right kind of data protection measures to safeguard users and therefore putting them at a very high risk of harm. Most profiles on FB entail data related to issues like religion and politics as well as intimate life which many don’t wish to disclose to the public.

In the EU, more than 3M users were impacted by such a breach where the GDPR was violated unlawfully by the company. Now the company is not staying hush on the matter, adding that it will appeal this decision.

It’s quite similar to that seen in 2018 when Meta explained how it highlighted the matter as soon as it was put on public view. But that is not the last of Meta’s concerns. The tech giant was blasted over its involvement in the infamous Cambridge Analytica scandal in Australia. It explained how the firm is now settling the matter by fining Meta for violating the privacy and security of Australian citizens.

While the exact details of this scheme are still under cover, it’s clear that this is a strong message to the world that they need to be more careful about users’ sensitive data. For those still wondering what this scandal was all about, well it dates back to 2013. Five years after that, it became an infamous name thanks to the data put out by millions of users.

This was used to target them with messages about politics such as the 2016 US elections period. It also took on their private data through other apps owned by third parties like This is Your Digital Life which was made in 2013. It was enabled by Meta who chose to do this. The figure adds that close to 311,074 people on FB who were friends with users on the app were also likely to be impacted.

As far as how this payment scheme works, well, it’s part of legal proceedings and so payments are set up by Facebook’s parent firm but carried out by another third party. Anyone who had an account on the app between 2013 November to December 2015, was present in Australia for at least a month during that timeframe and downloaded the This Is Your Digital Life app, or was friends on Facebook with those having the app will be liable to receive payments.

Image: DIW-Aigen

Read next: WhatsApp Beta Adds AI Replies and Themes: A Game-Changer for Businesses
by Dr. Hura Anwar via Digital Information World

Tuesday, December 17, 2024

WhatsApp Beta Adds AI Replies and Themes: A Game-Changer for Businesses

WhatsApp Beta for Android 2.24.26.16 brings exciting updates aimed at improving the WhatsApp Business app. The update introduces new features like AI-powered replies, multi-platform integration, and customizable themes, offering enhanced functionality for businesses and their customers.

One major highlight is the addition of AI-powered replies, which allows businesses to automate responses when team members are unavailable. This feature ensures faster replies to frequently asked questions, such as inquiries about purchase processes, business details, and other common queries. Businesses can also customize AI responses to match their brand’s voice and tone, ensuring a personalized experience for customers. Importantly, when AI is used to generate responses, customers will be notified, maintaining transparency between businesses and their users.

Another significant update is the multi-platform management feature, which enables businesses to access both the WhatsApp Business app and the WhatsApp Business Platform simultaneously. Previously, users had to choose between these platforms, but now, with a simple QR code scan, accounts can be managed seamlessly across both. This improvement also allows businesses to share individual chat histories with customers for up to six months between the platform and the app. However, group chat history sharing remains unavailable.
Additionally, the update enhances the visual experience by introducing theme customization options. Beta testers can now choose between dark and light modes and select accent colors for these themes. This customization helps businesses differentiate between WhatsApp Messenger and WhatsApp Business, creating a more distinct user interface. Previously, the app only supported default accent colors, but this update adds greater flexibility. While this feature was already available on iOS, it is now being rolled out for Android users as well.

These updates mark a significant step in making WhatsApp Business more interactive and user-friendly. With AI-driven automation, improved platform integration, and customizable themes, businesses can streamline their operations and improve customer engagement. The new version will soon be available on the Google Play Store, expanding access to these features for more users.

Image: WABetaInfo

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• Your Internet Browsing Search History Could Be Leaking Ads to Loved Ones on Shared IPs

• Who Are the Key Players in Corporate Bitcoin Adoption in 2024?
by Arooj Ahmed via Digital Information World

Who Are the Key Players in Corporate Bitcoin Adoption in 2024?

Bitcoin continues to solidify its role as a strategic asset for major corporations worldwide. Among the leading players, MicroStrategy stands out as the dominant force, holding an astonishing 439,002 bitcoins, valued at $46.9 billion as of December 2024. This intelligence software firm, which began acquiring cryptocurrency in 2020, has reshaped the narrative of institutional bitcoin adoption with its unparalleled holdings.

Who Is Betting Big on Bitcoin? Top Corporations Make Massive Crypto Investments

Trailing far behind is Marathon Digital Holdings Inc., which ranks second with 40,435 bitcoins, valued at $4.32 billion. This highlights the significant gap, with MicroStrategy holding more than ten times the bitcoins of Marathon Digital.

Riot Platforms, Inc. takes the third spot, owning 16,728 bitcoins valued at $1.79 billion. Tesla follows in fourth place, holding 9,720 bitcoins worth $1.04 billion. Tesla made headlines in 2021 when it invested $1.5 billion in bitcoin and briefly accepted cryptocurrency as payment for its products.

Coinbase Global, Inc. comes in sixth with 9,000 bitcoins, valued at $961.6 million. Other companies in the top ten include Block, Inc. (8,211 bitcoins worth $877.3 million), Galaxy Digital Holdings (8,100 bitcoins worth $865.5 million), and Bitcoin Group SE (3,830 bitcoins valued at $409.2 million).

International companies also make their mark on the list. Canada’s Hut 8 Corp holds 9,109 bitcoins, valued at $973.3 million, while Germany’s Bitcoin Group SE rounds out the top ten with its $409.2 million bitcoin stash.

These companies collectively represent significant bitcoin investments, underlining the growing institutional adoption of cryptocurrency as a strategic asset.

Entity Bitcoins Held Value in USD (December 2024)
MicroStrategy 439,002 $46,906,893,967
Marathon Digital Holdings Inc 40,435 $4,320,436,484
Riot Platforms, Inc. 16,728 $1,787,368,901
Tesla, Inc 9,720 $1,038,571,599
CleanSpark Inc 9,297 $993,374,502
Hut 8 Corp 9,109 $973,286,903
Coinbase Global, Inc. 9,000 $961,640,369
Block, Inc. 8,211 $877,336,564
Galaxy Digital Holdings 8,100 $865,476,333
Bitcoin Group SE 3,830 $409,231,401
HIVE Digital Technologies 2,377 $253,979,906
Voyager Digital LTD 2,287 $244,363,502
Cipher Mining 2,142 $228,870,408
Semler Scientific 2,084 $222,673,170
NEXON Co. Ltd 1,717 $183,459,612
Exodus Movement Inc 1,300 $138,903,609
Brooker Group's BROOK (BKK) 1,150 $122,876,269
Metaplanet Inc. 1,142.30 $122,053,532
Bit Digital, Inc. 992.4 $106,036,878
Meitu 941 $100,544,843

Read next: Study Reveals AI's Role in Holiday Overspending and Financial Strain
by Arooj Ahmed via Digital Information World

More Competition for Google As OpenAI Makes SearchGPT Free For All

OpenAI just made its much anticipated SearchGPT free for all users having ChatGPT. This means Google needs to watch out as competition in the world of search heats up.

The feature got a lot of popularity shortly after it was first launched, several months back. Some lucky people got their hands on the offer early and they were able to confirm that ever since they started using it, they’ve never returned back to Google.

Kevin Weil who is the head of OpenAI just shared the great news including another exciting new offering called Voice Search. It entails several new changes used for streamlining data retrieval. This again was a part of the demo during the launch. The new update entails better search speed and more accuracy. It also means users could expect a quicker and more accurate search result.


As a whole, it betters the overall efficiency of accessing information. The feature also shows support for matters like embedded content such as pictures, movies, and even videos from YouTube. The new rich media combination has users watching new videos featuring ChatGPT without leaving the actual search page.

The new update also gives details about business maps such as data for cafes and more that users can make the most of in real time. They can also ensure more informed decisions regarding dining out and more services linked to searches. Thanks to refined queries related to navigation, users can make the most of getting quicker data to online pages related to the search. These are put on display above results and content summaries.

Additionally, ChatGPT makes the most of Advanced Voice which entails search. This combination enables users to carry out search through voice commands. The whole process is more accessible and intuitive. This is very true for anyone who prefers to use hands-free options. And the best bit is the features are launching around the globe today. So if you’re a ChatGPT user, you might want to make the utmost use of this feature.

Yes, it’s for free but users need to sign up and make an account if they wish to get the most of enhanced features. The new updates place ChatGPT as one of the most robust tools curated for retrieving data online. In case you’re wondering, it’s a direct challenge for search engines like Google.

The latest integration combines conversational access to get information and is well above users’ expectations. As a result, the overall experience is seamless and comprehensive. OpenAI keeps on enhancing the utility and this gives rise to more versatility so users’ needs keep getting met.

Another announcement made by ChatGPT’s team is how developers will enjoy the feature the most. They hope to roll out more changes soon so stay tuned for more exciting updates.

Read next: Study Reveals AI's Role in Holiday Overspending and Financial Strain
by Dr. Hura Anwar via Digital Information World

Monday, December 16, 2024

Study Reveals AI's Role in Holiday Overspending and Financial Strain

Festive season brings a lot of expenditures too, with average Americans spending $1,000 on gifts and other things during the holiday season. But data says that most people also go into debt because of their overspending, even after cutting back on some of their normal expenses. Overspending has become a real issue during the holiday season and many people plan on paying off their debt during the next year. A new paper published in ScienceDirect suggests that AI may contribute to overspending behavior. Researchers say that artificial intelligence can give poor financial advice, especially when it comes to online shopping. At the same time, they highlight AI's potential as a valuable tool for retailers and sellers integrating it into their businesses, showcasing both its risks and benefits.

Behavioral Economists have come up with a term called “Pain of Payment” which refers to the emotions we feel while spending our money. When we are buying things from cash, it requires more thought and decision making than spending money online through credit cards. In this digital era, it is not hard to buy things and we can do it as quickly as just a tap of our fingers. When paying online, we get disassociated and cannot feel the pain of payment, even if we do not have much monetary resources. When our pain of payment is not felt, we tend to spend more without any thoughts.

Researchers said that there are four main ways AI is reducing the friction associated with buying things and urging us to spend more. AI is managing our algorithm and making us buy things that we need or have thought about buying. It is also reducing bias and discrimination across all populations, no matter what the financial situation is. But on the other hand, it is also making financial inclusion harder for some groups. AI is also helping companies to personalize content for buyers, making buyers see things in their preferred prices, leading to more consumer spending. AI is also helpful to provide flexibility and automate spending decisions.

Researchers say that usage of AI during online shopping is a cause of concern, and it will affect how we think about spending our money. It can make people get distanced from healthy financial habits and may bring us deeper into financial debt. There is also a new trend going on about financial mindfulness books that can help people achieve peace through healthy money management.

Image: DIW-Aigen

Read next: New Survey Shows How Many Children Want to Pursue Influencing as a Career Path
by Arooj Ahmed via Digital Information World

Instagram Head Mosseri Urges Social Media Users to Verify Sources Amid Growing AI Content Deception

Instagram’s head Adam Mosseri is warning users about the rise in AI content and how easily deceiving it can be.

Many users continue to get tricked into believing a fake post is actually real, he added. This has to do with so many AI images circulating on the internet. This makes it all the more difficult to differentiate fact from fiction.

The warning came in the form of a series of Threads published during the afternoon hours yesterday. This is why the app now wants users to verify the source and only then assume it’s true.

Mosseri further shared how the goal of the platform right now is to label any content made using AI with tags. However, there’s a huge likelihood that some content gets missed by the labels. Therefore, to help combat that issue, users need to add more context related to who’s sharing. In this way, users decide how much trust they can put in the source.

Remember, he adds that chatbots can lie to you on your face so in the same manner, trusting search engines powered by AI might give you the same disappointment. If the source is checked as a verifiable one or a reputable account, it just makes it so much easier.

Right now, Meta’s apps are not providing the same level of authentication that Mosseri discussed. The company did share at big changes arriving soon in terms of content rules but we’re still waiting for that.

For now, Mosseri’s description is quite like the Community Notes found on X as well as YouTube. You can even link it to the custom moderation filters on Bluesky. Now if Meta hopes to roll out anything like that, we’re not quite sure. But if you do look at history, it does tend to get inspired by other arch-rivals in the industry very easily. What do you think?

Image: Meta

Read next: Social Media Apps Dominate November Downloads: Instagram Leads, Threads Tops iOS
by Dr. Hura Anwar via Digital Information World

Sunday, December 15, 2024

Social Media Apps Dominate November Downloads: Instagram Leads, Threads Tops iOS

Appfigures shared the list of most downloaded apps in November 2024 on Google Play Store and Apple App Store, and it seems like social media apps are taking the lead. Instagram was the most downloaded app combined on Play Store and App Store, with 53 million total downloads this month. Majority of the downloads of Instagram came from Google Play Store (46 million), while only 7 million downloads were from App Store.

The second most downloaded app on App Store and Play Store combined was TikTok (45 million) in November 2024. TikTok was the third most downloaded app on Google Play as well as App Store, but most of its downloads came from Play Store (34 million). Now a new question arises about whether TikTok will stay in the lead or not if it gets banned in the USA.

With 44 million downloads on Apple Store and Play Store, WhatsApp was the third most downloaded app overall in November 2024. WhatsApp saw some rise in its number of downloads, with Facebook going to fourth spot with 37 million total downloads. ChatGPT was the fifth most downloaded app in November 2024 on Google Play Store and Apple App Store. Other most downloaded apps in the top ten were Threads (30 million), Temu (30 million), Telegram (24 million), Capcut (22 million) and Snapchat (21 million).

The most downloaded app on iOS App Store in November 2024 was Threads (11 million), followed by ChatGPT (11 million) and TikTok (10 million). The most downloaded apps on Google Play in November 2024 were Instagram (46 million), WhatsApp (38 million) and TikTok (34 million). There was also a rise in downloads of Google Maps and Google seen on iOS Play Store in November 2024, with 8 million downloads each.
According to the estimates by Appfigures, there were a total of 338 million downloads of the top ten apps on Apple App Store and Google Play Store in November 2024. It is a bit lower than October 2024, but still consistent so there's no need to be alarmed.

In a nutshell, the success of Threads and Temu suggests users are increasingly gravitating toward diverse digital ecosystems and budget-friendly e-commerce options. Threads is leveraging Instagram’s massive user base to challenge X, while Temu highlights a growing preference for affordable online shopping. The rise of ChatGPT further indicates the mainstream adoption of AI tools, blending social interaction with AI-powered functionalities. Meanwhile, TikTok’s continued dominance is now under scrutiny, with potential U.S. bans prompting speculation about how platforms like Instagram Reels or YouTube Shorts might capture displaced users.

Read next: TikTok Leads November 2024 App Revenue Charts with $298M, Outpacing YouTube and Streaming Giants
by Arooj Ahmed via Digital Information World