Facebook Inc (FB): Even Zuck Isn’t Immune To Social Hacks

Facebook Inc

Facebook Inc (NASDAQ:FB) CEO Mark Zuckerberg seems to be not maintaining standard security practices on his social media accounts other than Facebook. The personal social media accounts of Zuckerberg were reportedly attacked by a group over the weekend. The hackers, wanted to be called the OurMine Team, briefly gained control of Zuckerberg’s Instagram, LinkedIn, Pinterest and Twitter accounts, some of which were defaced, according to the Engadget.

In other news, Facebook has denied reports that the social networking company spying on users with handset microphones. A report published in The Independent suggested that a USF professor saw some ads related to topics she had talked about when her handset was nearby.

Facebook Inc

The hackers were using a Twitter account, which has been suspended now. According to hackers, @finjkd (Zuckerberg’s Twitter handle) was in the LinkedIn database with the password “dadada.” They claimed that the password associated with Zuckerberg’s LinkedIn account.

It seems that Zuckerberg was using the same email and password for multiple social accounts, which allowed the hackers to access his other social accounts.

Cyber attacks and hacks are becoming a growing problem. A week ago, hackers targeted the pop singer Katy Perry‘s Twitter.

LinkedIn IDs For Sale

Last month, BBC News reported that a hacker was advertising more than one hundred million LinkedIn logins for sale. The IDs were stolen by hackers four years ago.

LinkedIn said that the professional networking website was the victim of an unauthorized access and disclosure of some members’ passwords in 2012.

“At the time, our immediate response included a mandatory password reset for all accounts we believed were compromised as a result of the unauthorized disclosure. Additionally, we advised all members of LinkedIn to change their passwords as a matter of best practice,” the company said in a statement.

According to Motherboard news website, hackers were advertising the details on at least two hacking-related sites. The offering included a total of 117 million passwords.

LinedIn said that it taking immediate steps to invalidate the passwords of the accounts impacted. “We have no indication that this is as a result of a new security breach.”

“We have begun to invalidate passwords for all accounts created prior to the 2012 breach that haven’t updated their password since that breach. We will be letting individual members know if they need to reset their password. However, regularly changing your password is always a good idea and you don’t have to wait for the notification,” the company said.

Recently, Facebook has made an apology for rejecting an advertisement request submitted by the Australian feminist talk show group Cherchez la Femme.

Hedge Funds Trusting Facebook

In the first-quarter, FactSet data showed that the top hedge funds acquired shares of the social network giant worth more than $3bn.This move of theirs makes sense considering Facebook gained 9% in the Q1 while Apple Inc. (NASDAQ:AAPL) rose 3.5% in the same period. Facebook has made an advancement of 12.1% on a year-to-date basis while Apple declined by nearly 10%.

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