Facebook has detected and halted more than 150 secret influence operations in the past four years that violated its policy against Co-ordinated Inauthentic Behaviour (CIB), the social media giant said.
Covert influence operations targeted public debates across both established and emerging social media platforms, blogs, major newspapers and magazines. They were orchestrated by governments, commercial entities, politicians and political groups, globally as well as locally, the California-based company found in a new report.
It defined influence operations as “co-ordinated efforts to manipulate or corrupt public debate for a strategic goal”.
“To keep advancing our own understanding and that of the defender community across our industry, governments and civil society, we believe it’s important to step back and take a strategic view on the threat of covert IO [influence operations],” the company said in a statement.
“While the defender community has made significant progress against IO, there’s much more to do. Known threat actors will continue to adapt their techniques and the new ones will emerge. Our hope is that this report will contribute to the ongoing work by the security community to protect public debate and deter covert IO,” it added.
Most of the CIB networks emerged from Russia (27), followed by Iran (23), the US (9) Myanmar (9) and Ukraine (8).
Of the more than 150 operations identified, 45 per cent were domestic in nature, 38 per cent focused solely on foreign countries and 17 per cent targeted audiences both at home and abroad.
Besides attempting to manipulate elections, influence operations targeted different events such as military conflicts and sporting events, the report said. State and non-state actors were involved, including military, intelligence and cabinet-level bodies, as well as cyber criminals, businesses and advocacy groups.
Facebook said influence operations actors will intensify their attacks in the coming months.
“Threat actors have not given up. As we collectively push IO actors away from easier venues of attack, we see them try harder to find other ways through.”
They will continue to “weaponise moments of uncertainty, elevate conflicting voices and drive division around the world, including around major crises like the Covid-19 pandemic, critical elections and civic protests”, it added.
In order to make these campaigns less effective, defenders have to “establish new norms and playbooks for responding to IO within a given medium and across society”.
“By shaping the terrain of IO conflict, we can become more resilient to manipulation and stay ahead of the attackers,” Facebook said.
Influence operations are rarely limited to one medium, so defenders should include traditional media, tech platforms, democratic governments, international organisations and civil society voices, it added.
Over the years, criminals have also changed their tactics to avoid the attention of authorities, the report revealed.
As Facebook attempted to make it harder for threat actors to operate high-volume, “wholesale” influence operations that target audiences at a large scale, they have shifted to narrower “retail” campaigns that use fewer assets and focus on small audiences, the report said.
Instead of running large, covert influence operations on social media, some actors have engaged in a phenomenon called “perception hacking" – giving the false perception that they are carrying out widespread manipulation, even when this is not the case.
For example, in the 2018 US mid-term elections, Facebook found an operation by a Russian agency that claimed they were running thousands of fake accounts with the capacity to sway election results across the US.
In response to increased efforts at stopping them, threat actors have also improved their operational security. They are getting better at avoiding language discrepancies and giving clues to the authorities, the report said.
There is also growing evidence of commercial actors offering influence operations as a service, both domestically and internationally. These can be used "by sophisticated actors to hide their involvement behind private firms, making attribution more challenging", it added.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
OPINIONS ON PALESTINE & ISRAEL
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Biography
Favourite Meal: Chicken Caesar salad
Hobbies: Travelling, going to the gym
Inspiration: Father, who was a captain in the UAE army
Favourite read: Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter
Favourite film: The Founder, about the establishment of McDonald's
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
UAE currency: the story behind the money in your pockets
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
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Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
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