Facebook Says 50 Million Accounts May Have Been Breached in New Attack
*By Carlo Versano*
Facebook shares dropped Friday afternoon after the company announced that 50 million accounts may have been compromised by hackers exploiting a security vulnerability.
Guy Rosen, the company's VP of product management, said the breach was discovered on Tuesday and affected its "View As" feature, which allows people to see what their own profile looks like to someone else. Rosen said the vulnerability has been patched.
"We’re taking this incredibly seriously and wanted to let everyone know what’s happened and the immediate action we’ve taken to protect people’s security," Rosen, wrote in a [blog post](https://newsroom.fb.com/news/2018/09/security-update/) on Friday.
Facebook ($FB) discovered that unknown attackers manipulated a piece of code that allowed them to steal security tokens that usually keep accounts logged in.
The post was light on detail and was seemingly intended to show the company's efforts at transparency, just months after it was pilloried for a mishandling of the Cambridge Analytica breach.
After that scandal, CEO Mark Zuckerberg [said](https://m.facebook.com/zuck/posts/10104712037900071) in a Facebook post, "We have a responsibility to protect your data, and if we can't, then we don't deserve to serve you."
Politico's Marcia Brown breaks down the MAHA draft roadmap: industry-friendly, light on regulation, heavy on research and voluntary food policy changes.
Intel CEO Lip-Bu Tan says he’s “always operated within the highest legal and ethical standards” after coming under pressure following President Donald Trump’s call for him to resign.
Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments.
A new federal rule would make it easier for companies to use drones over longer distances out of sight of the operator without having to go through a cumbersome waiver process.
President Donald Trump has signed the GENIUS Act into law, setting new regulations for stablecoins, a type of cryptocurrency tied to assets like the U.S. dollar.
A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell
Stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the U.S. take effect.
A stark disagreement over regulating AI in Republicans’ tax cut and spending bill is the latest tension among conservatives about whether to let states continue to put guardrails on emerging technologies or minimize such interference.