Abstract: A system and method are provided for automatic identification, extraction, and validation of data pertaining to receiving entity events (REE). Feature (or attribute) values associated with web content are identified. The web content may contain news and features on current/past affairs. The identified feature values are considered by a rule-based or a machine-learned model and, based upon output of the model, a determination as to whether the set of data comprises a REE is made. If the determination is positive, then multiple data items are extracted from the set of data and, optionally, from other data from the source.