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Facebook Reportedly Aims To Buy A “Major” Cybersecurity Company

Facebook is in the market for cybersecurity help. The Information reported a while ago that the social network giant is looking to acquire a cybersecurity firm, likely to gain key security talent and to serve as a positive public relations move.

According to some sources, the information that the company has approached multiple firms about a possible purchase and that this deal could close by the end of the year. It isn’t clear what kind of security help the company is looking to acquire.

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The information comes nearly a month after Facebook announced that hackers stole access tokens for 30M accounts decrease by an initial estimate of 50M, allowing them to gain complete access to these user profiles.

Of those 30M, the hackers accessed basic contact information for 14M accounts, and additional data like gender, religion, location, device information, and the 15 most recent searches for another 15M accounts. No information was accessed for the remaining 1M accounts.

The new regulation would provide the company the much-needed resources to help the company prevent further hacks. Secondly, it’s a good PR move. Spending tens or hundreds of millions on a cybersecurity company could convince the public that Facebook is taking its security problems more seriously.

The company clearly needs to not only up its security but also make its efforts to do so clear.

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