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Why is it time to change your Facebook password



<p class = "canvas-atom leather text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Facebook ( FB ) is in hot water again. After a year of controversy in 2018, it looked as if the company was ready to turn a new magazine in 2019. But it was before Brian Krebs of Krebs on Security Krebs on Security ] & nbsp; reported that the social network stored hundreds of millions of users' passwords on corporate servers in plain text. "data-reactid =" 1
5 "> Facebook (FB) is in hot water again. After a year of controversy in 2018, it looked as if the company was ready to turn a new magazine in 2019. But it was before Krebs on Security's Brian Krebs reported that the social network stored hundreds of millions of users' passwords on company servers in plain text.

It may not sound too bad – until you realize that storing passwords in plain text means they were completely unencrypted. In addition, these passwords on a server, Krebs reports, were accessed by millions of times by approx. 2,000 engineers and developers.

Why is it so much? Because if one of these engineers or developers were so inclined, they could have used this information to access user accounts.

But it does not seem that Facebook will suffer much setback through either its user numbers or share price.

Following the first news reports, Facebook's stock trading was marginally higher at $ 166 per share. Share per share 2.30 on Thursday.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Facebook, for its part, says & nbsp; that there is no evidence that employees are abusing their access to password data. Moreover, the fact that these passwords were stored in a legible format was uncovered by Facebook even during a security investigation, but the problem was uncovered back in January, and we only hear about it. "data-reactid =" 20 "> Facebook, for its part, says there is no evidence that employees abused their access to password data. Furthermore, the fact that these passwords were stored in a readable format was uncovered by Facebook even during a security review. But the problem was uncovered back in January and we only hear about it.

All of this comes naturally less than a month after CEO Mark Zuckerberg revealed in a long Facebook letter that the social network was doubled in privacy and ensuring user data remains secure.

In a post explaining this latest problem, Facebook's VP of engineering, security and privacy, Pedro Canahuati, said the company will inform "hundreds of millions of Facebook Lite users, tens of thousands of other Facebook users and tens of thousands of Instagram users "to let them know their passwords were part of the batch saved as plain text.

Facebook on Thursday announced that hundreds of millions of user passwords were stored as plain text on corporate servers accessing millions of times by employees. (Image: Marlene Awaad / Bloomberg via Getty Images)

Facebook Lite is a version of Facebook for users who have slow internet connection in developing countries.

If you're a Facebook user and let's see it's probably your best bet is to change your Facebook password right away. This also applies to Instagram users. And while WhatsApp passwords were not mentioned as part of the latest privacy note, it is probably best to change your password as well.

Facebook's problems are not to add

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " All this follows news in 2018 that a Facebook bug exposed millions of users " private pictures to app developers . This story was preceded by Facebook's "19459042" view as "bug which allowed hackers to exploit access tokens used to keep users logged on to Facebook. These tokens could then be used to access the user's accounts. "data-reactid =" 55 "> All this follows news in 2018 that a Facebook bug exposed millions of users' private images to app developers. This story was foreseen by Facebook's" view as "error that allowed hackers exploit access tokens used to keep users logged in to Facebook. These tokens could then be used to access user accounts.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb ( 0) – sm Mt (0.8em) – sm "type =" text "content =" And these problems came after we had learned about the Cambridge Analytica scandal & nbsp; where a political consulting firm exploited Facebook user data to help with the choice of Donald Trump. "data-reactid =" 56 "> And these problems came after we learned about the Cambridge Analytica scandal where a political consulting company exploited Facebook user data to help with the election of Donald Trump.

In this January 9, 2019, the media and guests are photographing Facebook's new 130,000-square-foot offices, which hold the top three floors of a 10-storey Cambridge, Mass. Building. (Image: AP Photo / Elise Amendola)

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text "content =" Facebook and other social media sites have also been under intense control of false news and disinformation. Facebook has in particular had to respond to Russian interference in the US presidential election and the spread of misinformation in Myanmar & nbsp; and & nbsp; India via WhatsApp leading to world violence and killing. "data-response time =" 77 "> Facebook and other social media sites have also been under intense control of fake news and disinformation. Especially Facebook has had to respond to Russian interference in the US presidential election and the spread of misinformation in Myanmar and India via WhatsApp, which led to world violence and killed.

More recently, Facebook was criticized for its slow response by removing a video of the terrorist attack in Christchurch, New Zealand, where the attackers shot and killed 50 people who participated in weekly prayers at two mosques.

Facebook said it took the video down as soon as the company was warned about it by the New Zealand police. Because the video was long online, it was copied again and again by individuals and will never be contained and kept offline.

Despite the endless negative headlines in the past year, Facebook's user numbers have not been slightly. In its last quarterly earnings report, the company said the daily active users grew at every geographic location it serves. Its monthly active users either grew or remained stable during the quarter.

So, this latest Facebook scandal is likely to have affected the company? I think you already know the answer.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " More from Dan: " data-response time = "86"> More from Dan:

<p class = "canvas-atom canvas-text Mb (1.0em) Mb –sm Mt (0.8em) – sm" type = "text "content =" Email Daniel Howley at dhowley@oath.com; follow him on Twitter at @DanielHowley . on Facebook Twitter Instagram [19659027] and LinkedIn.finance.yahoo.com/ "data-reactid =" 92 "> Email Daniel Howley at dhowley@oath.com; Follow him on Twitter at @DanielHowley . Follow Yahoo Finance on Facebook Twitter Instagram and LinkedIn.finance.yahoo.com/


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