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Social Networking Giant Facebook Interested in Blockchain-based Authentication, Says Mark Zuckerberg

According to The Verge, the risk of further data-sharing scandals is one of the main reasons why Facebook is wary of implementing the change

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Facebook's CEO Mark Zuckerberg. VOA

You may soon login to Facebook with Blockchain-based authentication, CEO Mark Zuckerberg has indicated.

In a public interview with Harvard Law professor Jonathan Zittrain late on Wednesday, Zuckerberg said he is “potentially interested” in putting the Facebook login on the Blockchain technology.

“I’m thinking about going back to decentralised or Blockchain authentication. Although I haven’t figured out a way to make this work out but this is around authentication and basically granting access to your information and to different services,” Mark Zuckerberg told Zittrain.

According to him, Blockchain could give users more powers when granting data access to third-party apps.

Facebook last year promoted one of its senior engineers Evan Cheng as the Director of Engineering at its recently launched Blockchain division.

Earlier in May, Facebook set up a group within the company to explore Blockchain technology and its potential use for the platform, headed by Messenger chief David Marcus.

Facebook's CEO Mark Zuckerberg
Facebook CEO Mark Zuckerberg arrives to testify before a joint hearing of the Senate Commerce and Judiciary committees on Capitol Hill in Washington. VOA

Media reports also said Facebook was exploring to develop its own cryptocurrency.

Facebook has over 2.3 billion users globally and launching cryptocurrency will allow them make payments using a virtual currency like Bitcoin.

In a statement, Facebook said: “Like many other companies, Facebook is exploring ways to leverage the power of Blockchain technology”.

Also Read- Whatsapp Security Bug Allows iPhone Users Bypass Security Controls

According to The Verge, the risk of further data-sharing scandals is one of the main reasons why Facebook is wary of implementing the change.

“You basically take your information, you store it on some decentralised system and you have the choice of whether to log in different places and you’re not going through an intermediary. There’s a lot of things that I think would be quite attractive about that,” said Mark Zuckerberg. (IANS)

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Social Networking Giant Facebook Stored Users’ Passwords in ‘Readable’ Form

Facebook Lite is a version of Facebook, predominantly used by people in regions with lower connectivity

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Facebook, data,photos
A television photographer shoots the sign outside of Facebook headquarters in Menlo Park, Calif. VOA

Facebook on Thursday said it has fixed a security issue wherein millions of its users’ passwords were stored in plain text and “readable” format for years and according to reports, were searchable by thousands of its employees.

The report by KrebsOnSecurity claimed on Thursday around 200-600 million Facebook users may have had their account passwords stored in plain text and searchable by over 20,000 Facebook employees.

In a blog post later, Facebook said as part of a routine security review in January, it found that some user passwords were being stored in a readable format within our internal data storage systems.

“This caught our attention because our login systems are designed to mask passwords using techniques that make them unreadable.

“We have fixed these issues and as a precaution will be notifying everyone whose passwords we found stored this way,” wrote Pedro Canahuati, VP Engineering, Security and Privacy at Facebook.

The company, however, said these passwords were never visible to anyone outside of Facebook.

Facebook, data, photos, vietnam
A smartphone user displays a Facebook newsfeed .VOA

“We have found no evidence to date that anyone internally abused or improperly accessed them. We estimate that we will notify this to hundreds of millions of Facebook Lite users, tens of millions of other Facebook users, and tens of thousands of Instagram users.

Facebook Lite is a version of Facebook, predominantly used by people in regions with lower connectivity.

“Out of an abundance of caution, we are telling people so that they can change passwords if they choose,” Facebook tweeted.

Also Read- EU Fines Google $1.7 bn for Unfair Online Ad Rules

Earlier this month, Facebook came under scrutiny for using phone numbers provided for security reasons — like two-factor authentication (2FA) — for things like advertising and making users searchable by their phone numbers across its different platforms.

“Consider enabling a security key or two-factor authentication to protect your Facebook account using codes from a third party authentication app. When you log in with your password, we will ask for a security code or to tap your security key to verify that it is you,” Facebook advised. (IANS)