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Facebook looking to buy a major cybersecurity firm

2018-10-22 16:43 by


According to recent reports, Facebook intends to buy a "major" cybersecurity company. It's still unclear which companies had been approached, but a deal could be closed as soon as the end of this year.

However, the sources said that the social networking giant is looking at companies which offer solutions that could be folded into Facebook, such as analytics, suspicious behavior monitoring tools, or account risk assessment systems.

This news comes nearly a month after Facebook announced that hackers stole access tokens for 30 million accounts (pared down from an initial estimate of 50 million), allowing them to gain complete access to these user profiles. Of those 30 million, the hackers accessed basic contact information (name and either email or phone number) for 14 million accounts, and additional data like gender, religion, location, device information, and the 15 most recent searches for another 15 million accounts. No information was accessed for the remaining 1 million accounts.

Facebook has tentatively concluded that spammers masquerading as a digital marketing company were behind the massive security breach, and not hackers working for a nation-state, according to the Wall Street Journal.

Read more -here-


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