Facebook says 50 million user accounts affected by security breach

Getty Images Facebook CEO Mark Zuckerberg

Facebook is already facing huge fallout from revelations this morning that a hacker exploited a security flaw in a popular feature of the social network to steal account credentials of as many as 50 million users.

Facebook may be fined as much as $1.63 billion by an European Union privacy watchdog for a recent data breach announced Friday that compromised the personal information of more than 50 million users.

Next up is the waiting game, as Facebook continues its investigation and users scan for notifications that their accounts were targeted by the hackers. The sales started shortly after a security breach that compromised at least 50 million Facebook accounts was reported on September 28, according to The Sun.

Facebook said it discovered hackers exploiting its "View As" feature, which allows people to see what their profiles look like to someone else.

Facebook said it doesn't know who is behind the attacks or where they're based.

"Since we've only just started our investigation, we have yet to determine whether these accounts were misused or any information accessed".

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"It's always the company's responsibility to identify when United Kingdom citizens have been affected as part of a data breach and take steps to reduce any harm to consumers", said ICO deputy commissioner of operations, James Dipple-Johnstone. It would be disingenuous to pretend that the concerns driving the backlash against Facebook are totally bipartisan, but the network has tread well into unsafe territory - and if it turns out attackers gained access to and misused sensitive user data, it could get much worse, quickly.

"I won't be putting any information that I don't want people to see social media", Fernandez said.

The hacking was revealed by Facebook on Friday.

"In order to bypass Facebook's security controls without raising alarm bells, this attack would have had to be complex, sophisticated, and stealthy". If it's not, a cybercriminal could use the hacked account on one platform (in this case, Facebook), to access any other connected platform.

If you use your account to log into other websites like Spotify or Instagram, create a separate log-in for each instead. Facebook CEO Mark Zuckerberg appeared at a Congressional hearing over Facebook's privacy policies in April. "Now that we have reset all of those access tokens as part of protecting the security of people's accounts, developers who used Facebook login will be able to detect that those access tokens have been reset, identify those users, and as a user, you will simply have to log in again into those third-party apps". More importantly, this feature protects your account from any attackers, even if they have your password. Facebook, which saw revenue of $40.65 billion in 2017, saw revenue for the six months ended June 30 reach $25.2 billion-up 45% from the year-ago period. "Simply put, this potentially gave hackers access to millions of Facebook profiles". In other words, Facebook is providing the identity management for countless other sites and services.

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