Facebook Faces $1.63 Billion EU Fine for Latest Data Breach Affecting over 50 Million Users

Embroiled in another massive data breach, Facebook may face $1.63 billion in fine from the European Union (EU) privacy watchdog, the media reported.

According to a report in The Wall Street Journal on Sunday, Ireland’s Data Protection Commission which is Facebook’s lead privacy regulator in Europe, has asked Facebook to submit more details in the incident where data of over 50 million users were hacked via “Access Tokens” or digital keys.

The “privacy watchdog could fine Facebook as much as $1.63 billion for the data breach”, the report added.

“We are concerned at the fact that this breach was discovered on Tuesday (last week) and affects many millions of user accounts but Facebook is unable to clarify the nature of the breach and the risk for users at this point,” the regulator was quoted as saying.

A Facebook spokeswoman said the social media giant will respond to questions from the EU watchdog.

In the biggest-ever security breach after Cambridge Analytica scandal, Facebook on Friday admitted hackers broke into nearly 50 million users’ accounts by stealing their “access tokens” or digital keys.

This allowed them to steal Facebook access tokens which they could then use to take over people’s accounts.

Access tokens are the equivalent of digital keys that keep people logged in to Facebook so they do not need to re-enter their password every time they use the app.

Senator Mark R. Warner has also called for a full probe into the incident.

Vice Chairman of the Senate Select Committee on Intelligence and co-chair of the Senate Cybersecurity Caucus, Warner said it was high time the Congress stepped up and took action to protect privacy and security of social media users.

Facebook also said it was taking precautionary step to reset access tokens for another 40 million accounts that have been subject to a “View As” look-up in the 2017.

As a result, around 90 million people will now have to log back into Facebook, or any of their apps that use Facebook login.

Reacting to the new data breach, CEO Mark Zuckerberg said: “While I’m glad we found this, fixed the vulnerability, and secured the accounts that may be at risk, the reality is we need to continue developing new tools to prevent this from happening in the first place.”

Zuckerberg and Facebook COO Sheryl Sandberg have already faced hearings at US Congress over Cambridge Analytica data breach that affected 87 million users.

Comments

Lenovo IdeaPad Slim 5i Review: A Powerful Workhorse

It’s been quite some time since Intel announced its 11th-gen laptop processors, complete with the new logo design and Intel Iris Xe graphics. And yet, so far I’ve not gotten my hands on a laptop packing the new processor and iGPU. That all changed when Lenovo sent over the IdeaPad Slim 5i (Rs. 61,990) with […] The article Lenovo IdeaPad Slim 5i Review: A Powerful Workhorse was first published on Beebom

Twitter Wants to Build an ‘Open and Decentralized’ Social Media Platform

In an attempt to create a Facebook competitor, which everyone flocks to, Twitter became increasingly centralized over the years. Twitter CEO Jack Dorsey believes that’s the case and has now tweeted a lengthy plan to fund research to build an open and decentralized standard for social media platforms. It will “ultimately become a standard” that Twitter’s client will be based upon. Dubbed Bluesky, this project will see a team of up to five researchers , which could include open-source architects, engineers, and designers, being on-boarded in the near future. Currently, Bluesky has no team members but Dorsey tweeted that Twitter’s CTO Parag Agrawal has been tasked with finding a lead. The folks over at Firefox have already extended a helping hand, saying how the non-profit has contributed to decentralization. Enough jibber-jabber, but what exactly is Bluesky? And what does it intend to achieve? Dorsey, in his tweetstorm , states that the challenges being faced by centralized social

Mysterious Drones Spotted in Colorado and Nebraska; Sources Unknown

A group of drones was reportedly been spotted in the sky at night last week in Colorado and Nebraska that made the residents anxious and worried. The police officials in charge have no idea regarding where these drones are from. “They’ve been doing a grid search, a grid pattern. They fly one square and then they fly another square,” Colorado’s Phillips County Sheriff Thomas Elliot told the Denver Post. The drones have an approximate six-foot wingspan and stay 200 to 300 feet away from buildings. At least 17 drones have been spotted till now. They appear at around 7 PM at night and disappear at around 10 PM . Until now, the drones have not been caught doing any illegal or unofficial activities. “They do not seem to be malicious. They don’t seem to be doing anything that would indicate criminal activity,” Sheriff Elliott added. The Federal Aviation Agency, the Air Force, Drug Enforcement Administration, and US Army Forces Command confirmed that the drones did not belong to them.

Techno Bhogi

Search This Blog