Social media

SNAPCHAT MAKING HUGE LOSSES YET FLOTATION COULD VALUE IS AT $25BILLION

Snap, owner of the Snapchat messaging app popular with teenagers, is to sell its shares on the US stock market. The California-based tech firm, which allows users to send images and messages that vanish within seconds, is set to be one of the major US share listings of recent years. The flotation is expected to […]

BUSINESSES WARNED OVER FACEBOOK SCAM USED TO DISTRIBUTE RANSOMWARE

Businesses have been warned about a new Facebook spam campaign that could trick their employees into downloading ransomware. The scam, discovered by Bart Blaze and Peter Kruse, is relatively unsophisticated, but could fool unsuspecting users because its messages appear to come from their friends. Victims receive an SVG image file via Facebook’s messaging service. Malicious code […]

EUROPEAN COMMISSION KNOCKED OFFLINE FOR SEVERAL HOURSE BY DDOS ATTACK

A distributed denial of service (DDoS) attack took the European Commission offline for “several hours” last Thursday. According to reports, the attack began in the afternoon and left workers at the European Union institution unable to connect to the internet until the evening. “The Commission was the target of a large-scale denial of service attack,” […]

FACEBOOK FOUNDER ZUCKERBERG OUTLINES PLANS TO COMBAT SO CALLED ‘FAKE NEWS’ ON THE SITE

Facebook founder Mark Zuckerberg has outlined plans for how he hopes to combat fake news on the site. Facebook became mired in controversy after some users complained fake news changed the outcome of the US election. Mr Zuckerberg posted details of several projects to “take misinformation seriously”, including methods for stronger detection and verification. He previously responded […]

FACEBOOK MAKES END TO END ENCRYPTION AVAILABLE TO ALL MESSENGER USERS

Nearly one billion Facebook Messenger users can now use its end-to-end encryption feature, the social network has announced. Although Facebook began trialling “secret conversations” back in July, they are now available to the app’s entire user base of 900 million, the firm told Wired. As well as giving users the ability to turn the feature on for chats […]

Facebook phishing attacks claim 10,000 victims in two days

Facebook phishing attacks have claimed 10,000 victims in two days, according to researchers from Kaspersky Lab. The experts said a malware attack tricked more than 10,000 users around the world into thinking their friends had sent them messages in just 48 hours. Countries in South America and Europe, along with Tunisia and Israel, were the […]

Con artists exploiting social media in huge surge in identity fraud

The number of victims of identity fraud rose by 57% last year, according to new figures. Experts at Cifas, a service that gathers information from hundreds of financial firms, fear that a lack of awareness about the crime is making it easier for conmen, who use social media as their “hunting ground”, to steal cash. […]

Facebook’s Zuckerberg hacked after re-using passwords on Twitter and Pinterest

Facebook Inc.’s first “security tip” for users is, “Don’t use your Facebook password anywhere else online.” If only Chief Executive Mark Zuckerberg had heeded that advice. Zuckerberg’s Twitter Inc. and Pinterest Inc. accounts were taken over in recent days because he reused a password: “dadada,” according to a person familiar with the matter. The password had appeared last month in a […]

Twitter considered buying ailing Yahoo – potential buyers still circling

Twitter’s management held talks with Yahoo about a possible deal, it was reported, while it was separately noted that private equity firms eyeing Yahoo’s assets are being squeezed by tech players such as AT&T. Second round bids for Yahoo’s core internet business are due this week, and a winner could be selected in early July. […]