https://www.cnet.com/news/facebook-reportedly-shopping-for-a-cybersecurity-company/
BY STEVEN MUSIL
CNET News
OCTOBER 21, 2018
Facebook wants its billions of users to know it cares about beefing up
security in the wake of a major security breach, and now it appears the
social media giant is ready to spend some money on a major cybersecurity
acquisition to make it happen.
Facebook has approached several security companies about a possible
acquisition, The Information reported Sunday, citing sources described as
familiar with the matter. Possible takeover targets weren't identified,
but the tech news outlet said a deal could be announced as soon as the end
of the year.
Facebook's push to reinforce its security comes less than a month after
what the company calls the biggest security breach in its history. The
social network originally suspected as many as 50 million user accounts
were affected but now believes it compromised the personal information for
29 million users, including phone numbers, email addresses and recent
searches.
Facebook has tentatively concluded that spammers masquerading as a digital
marketing company were behind the massive security breach, and not hackers
working for a nation-state, according to the Wall Street Journal.
[...]
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