Facebook unveiled plans Tuesday for a new global cryptocurrency called Libra, pledging to deliver a stable virtual money that lives on smartphones and could bring over a billion "unbanked" people into the financial system.
Facebook says it stored millions of Instagram users' passwords in plain text, leaving them exposed to people with access to certain internal systems.
Hundreds of millions of Facebook users had their account passwords stored in plain text and searchable by thousands of Facebook employees - in some cases going back to 2012, KrebsOnSecurity has learned. Facebook says an ongoing investigation has so far found no indication that employees have abused access to this data.
In the wake of TechCrunch's investigation yesterday, Apple blocked Facebook's Research VPN app before the social network could voluntarily shut it down. The Research app asked users for root network access to all data passing through their phone in exchange for $20 per month. Apple tells TechCrunch that yesterday evening it revoked the Enterprise Certificate
Popular apps like Kayak and Duolingo are firing off users' Google ad IDs to Facebook the moment apps are launched.