Facebook On The Blockchain: Should The Social Media Giant Protect Users Data With DLT?

    Facebook has been affected by a security issue once again on September 25. This time, the famous social network company informed that almost 50 million users worldwide were affected. However, the security breach is a good opportunity for the company to start using blockchain technology and protect users from these situations.

    The Facebook vulnerability affected 50 million users accounts, that means that it has been the most significant security failure from the company since it started its operations. As per a security update conducted by the company, an external actor attacked the systems.

    The investigation about the security breach read as follows:

    “Earlier this week, we discovered that an external actor attacked our systems and exploited a vulnerability that exposed Facebook access tokens for people’s accounts in HTML when we rendered a particular component of the ‘View As’ feature.”

    At the same time, the company informed that the vulnerability was the result of the interaction of other three different bugs that were targeting the ‘View As’ feature. However, Facebook reported that they were able to fix the vulnerability.

    In the last update, the company says that they have reset access tokens of almost 50 million accounts that were affected. They also informed that another 40 million accounts have been reset as a precautionary step. Facebook has also decided to turn off the View As feature to avoid further problems and conduct a security review.

    In order to improve the security, Facebook could certainly start to use blockchain technology, something that would ensure data security. As blockchain is completely transparent, everyone is able to see the transactions and modifications that are conducted. It is not possible to hide them.

    Since the beginning of the year, there are certain rumors about Facebook adopting blockchain technology to improve its security and reduce security problems. This is not the first time that the famous company experiences a security breach.

    Back on September 6, CNBC announced that Facebook was including new positions to the blockchain team of the company. One of the positions is Head of Business Development and Partnership. This person would be in charge of influence the product roadmap, support and execute the plans stipulated.

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