Facebook Shares Sink On Report Cyber Criminals Are Hawking Stolen Identities On Its Platform

Tuesday, April 24, 2018
By Paul Martin

by Tyler Durden
ZeroHedge.com
Tue, 04/24/2018

Anybody who watched Facebook CEO Mark Zuckerberg’s tedious multiday testimony before Congress earlier this month might recall a particularly heated segment during the second day of hearings where one Congressman harangued Zuckerberg about illegal opioids being openly sold on Facebook’s platform.

At the time, Zuckerberg promised the lawmaker that Facebook would remove the offending posts down as soon as they were flagged. But he was unable to offer a definitive promise that Facebook would be able to stamp out drug dealing on its platform entirely – though he added that the company’s AI tools for filtering posts that violate its terms of service are constantly improving, and that the company was in the process of hiring thousands of employees who would help screen content.

But apparently, the opioid sales were only the tip of the iceberg.

As a blockbuster report published by Motherboard on Tuesday revealed, cyber criminals have been posting sensitive personal information including credit card numbers and social security numbers on Facebook, and some of these posts remained on the social network for years. Others were taken down as soon as Motherboard notified Facebook of their presence.

Cybercriminals have posted sensitive personal information, such as credit card and social security numbers, of dozens of people on Facebook and have advertised entire databases of private information on the social platform. Some of these posts have been left up on Facebook for years, and the internet giant only acted on these posts after we told it about them.

Most of the posts appeared to be ads made by criminals who were trying to sell personal information. Some of the ads are several years old, and were posted as “public” on Facebook, meaning anyone can see them, not just the author’s friends.

Independent security researcher Justin Shafer alerted Motherboard to these posts Monday.

“I am surprised how old some of the posts are and that it seems Facebook doesn’t have a system in place for removing these posts on their own,” Shafer told Motherboard in an online chat. “Posts that would have words flagged automatically by their system.”

The Rest…HERE

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