Home Technology Facebook reveals security breach affecting 50 million users

Facebook reveals security breach affecting 50 million users


Facebook Inc has discovered a security issue affecting about 50 million user accounts, the company said on Friday.Jason Alden/Bloomberg

Facebook Inc. said it discovered a security breach earlier this week that affected almost 50 million accounts, the latest in a series of missteps that are undermining confidence in the company’s social network and business model.

The social-media network said in a statement Friday that it has fixed the breach, which allowed hackers to take over people’s accounts. Law enforcement authorities and regulators including the Irish Data Protection Commissioner have been told about the incident. Shares declined 2.6 per cent to US$164.42 at the close in New York..

User data leaks, security breaches and the spread of misinformation have forced Facebook to confront hostile congressional hearings and uproar from users. This week’s breach adds to concerns that Facebook is collecting too much personal information and not looking after it properly. Data is the lifeblood of its advertising business, so any limits on its activities that stem from these missteps could crimp the company’s earning power.

U.S. Senator Mark Warner, the top Democrat on the Senate Intelligence Committee, said the breach was “deeply concerning” and called for an investigation. Ireland’s data-protection regulator said Facebook hasn’t shared enough information about the attack.


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