If there’s a company that knows about fraud, it’s Visa (as a preventer, not a practitioner), which released some Facebook statistics that it hopes will help prevent fraud at its Visa Global Security Summit in Washington, D.C., Wednesday morning.
Facebook’s white hat program dished out another reward, as U.K.-based application security engineer Jack Whitton received $20,000 for alerting the social network about a bug that allowed him to take over other users’ Facebook accounts via text message.
The good news: The Facebook Security team snuffed out a bug that exposed some 6 million Facebook users’ email addresses and phone numbers. The bad news: The bug was active for about one year before being discovered and dealt with.
Facebook continued its efforts to become the go-to destination for information on local businesses with its launch of the business object type in Open Graph, aimed at bringing more accurate data to News Feed, Graph Search, check-ins, and pages.
Coinciding with National Cyber Security Awareness Week in Australia this week, Facebook Chief Security Officer Joe Sullivan published a note on the Facebook Security page urging users to take steps to protect their passwords for the social network, and offering seven tips on how to do so.
Facebook’s graph search, which is slowly being rolled out to more people, has major implications for brands. It could change the way that companies advertise not only on Facebook, but in their brick-and-mortar stores, too. Mark Simmons, co-founder and managing partner of Mixed Digital, spoke with AllFacebook about how companies can get their pages ready for graph search — taking both a digital and tangible approach.
Facebook is testing a new type of targeted advertising that will allow brands to market to users based on items they have purchased in stores, and it teamed up with data providers Epsilon, Acxiom, and Datalogix on the trial, according to a report in Ad Age.
After someone found a security breach that exposed users’ phone numbers, Facebook confirmed that it has patched the hole. According to Computer World, independent security researcher Suriya Prakash found that Facebook’s search-by-phone-number function was heavily flawed, allowing people to easily harvest phone numbers.