Facebook now says data breach affected 29 million users, details impact

Cyberattackers stole data from 29 million Facebook accounts using an automated program that moved from one friend to the next, Facebook Inc announced on Friday, as the social media company said its largest-ever data theft hit fewer than the 50 million profiles it initially reported.
Cyberattackers stole data from 29 million Facebook accounts using an automated program that moved from one friend to the next, Facebook Inc announced on Friday, as the social media company said its largest-ever data theft hit fewer than the 50 million profiles it initially reported. The company said it would message affected users over the coming days to tell them what type of information had been accessed in the attack.

The breach has left users more vulnerable to targeted phishing attacks and could deepen unease about posting to a service whose privacy, moderation and security practices have been called into question by a series of scandals, cybersecurity experts and financial analysts said.
The attackers took profile details such as birth dates, employers, education history, religious preference, types of devices used, pages followed and recent searches and location check-ins from 14 million users. For the other 15 million users, the breach was restricted to name and contact details. In addition, attackers could see the posts and lists of friends and groups of about 400,000 users.

Lawmakers and investors have grown more concerned that Facebook is not doing enough to safeguard data. The company’s shares rose 0.25 percent on Friday as Wall Street rebounded after a six-day losing streak. The Nasdaq composite index gained 2.29 percent.
https://www.financialexpress.com/industry/technology/facebook-now-says-data-breach-affected-29-million-users-details-impact/1347613/