, | September 28, 2018

Facebook data breach lets hackers control 50 million accounts

Facebook announced that hackers had used a weakness in Facebook’s code regarding its “view as” feature this week to take over control of up to 50 million accounts. The hackers got access tokens to stay in accounts without re-entering a password.

Some 50 million users had their access tokens stolen – they were reset by Facebook, and now users have to re-enter their passwords when they try to access the service.

Facebook said the hack happened because of “complex interaction of multiple issues in our code”.

The complexities of cybersecurity were discussed in a special workshop on AI at our most recent female executive roundtable for Women in Compliance, and also in our round tables in Paris and London with CISOs from large financial services and fashion brands.

To be part of the technical committees or to learn more about CSI, give us a call.

Share this post.


Daniel Enskat

Daniel has written over a dozen books on the global asset management industry and has lectured at universities around the world alongside speakers such as Secretary of State John Kerry, Dr. Mark Mobius, ex-Fed Chairman Alan Greenspan, Professor KC Chan and former Prime Minister Gerhard Schroeder.

He is widely sought after for presentations, discussions and his perspective on the global asset management industry, and in the last two decades has advised hundreds of investment management CEOs on strategy and global expansion.

Scroll to Top