Facebook wary of more users’ data breaches in future

San Francisco, April 27: Facebook has warned investors that more users’ data scandals in the future may adversely affect the social networking giant’s reputation and brand image. In its quarterly report shared with the US Securities and Exchange Commission (SEC), without mentioning Cambridge Analytica, Facebook said that its ongoing investments in safety, security, and content review will identify additional instances of misuse of user data. “We may also be notified of such incidents or activity via the media or other third parties,” Facebook said on Thursday.
Appearing before the US Congress, Facebook CEO Mark Zuckerberg told the lawmakers that his own personal data was part of 87 million users’ that was “improperly shared” with the British political consultancy firm. The data was gathered via a quiz app, “thisisyourdigitallife,” developed by Aleksandr Kogan, then a psychology researcher with University of Cambridge, and his company Global Science Research (GSR) which pulled out Facebook users’ data in 2014-2015. Facebook warned investors that there may be more such data breaches in the future.
Facebook on Wednesday beat Wall Street’s estimates by raking in $11.97 billion in revenue for the first quarter of 2018. Facebook added 70 million monthly active users (MAUs) to reach 2.196 billion users globally — at 3.14 per cent growth rate.  (IANS)