Dec 13, 2019

Thousands of Facebook employees had personal banking information stolen

Photo: Josh Edelson/AFP via Getty Images

The personal banking information of about 29,000 Facebook employees was compromised last month after a thief stole hard drives from an employee's car, Bloomberg reports.

Details: The breach happened on Nov. 17, but Facebook realized it three days later and notified employees Friday. The unencrypted payroll data, which included no user data, included items like employee names, bank account numbers, the last four digits of Social Security numbers and compensation information.

What they're saying: "We worked with law enforcement as they investigated a recent car break-in and theft of an employee’s bag containing company equipment with employee payroll information stored on it. We have seen no evidence of abuse and believe this was a smash and grab crime rather than an attempt to steal employee information," a Facebook spokesperson told Bloomberg.

  • The company said it is working with law enforcement to get the information back, but none has been recovered so far.

Go deeper ... Facebook: 100 developers may have improperly accessed users' data

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Facebook struggles to clean up its messes

Illustration: Eniola Odetunde/Axios

To speed new products to market, Facebook famously used to tell its employees to "move fast and break things." The job of cleaning up some of the resulting debris is one the company is tackling a lot more slowly.

Why it matters: Facebook is under pressure to offer users more control and provide the public with better accountability. The company has responded with a mix of apologies, policy changes and remedial steps.

Go deeperArrowDec 20, 2019

Exclusive: Facebook adding part-time fact-checking contractors

Photo: Thomas Trutschel/Photothek via Getty Images

Facebook is creating a new pilot program in the U.S. that will leverage part-time contracted "community reviewers" to expedite its fact-checking process.

The big picture: The community reviewers will help to corroborate or debunk stories that Facebook's machine learning tools flag as potential misinformation. This will make it easier for Facebook's fact-checking partners to quickly debunk false claims.

Go deeperArrowDec 17, 2019

Democrats unimpressed with Facebook's new deepfake policy

Monika Bickert, head of global policy management at Facebook, testifies during a Senate Commerce Committee hearing in September 2019. Photo: Mark Wilson/Getty Images

Lawmakers questioned Facebook's new deepfake policy at a hearing Wednesday, with Democrats arguing the social media company's plan for addressing manipulated video does not go far enough.

Why it matters: Many policymakers already say tech giants have proven they're not up to the task of regulating themselves. Dissatisfaction with Facebook's plans for handling deepfakes will only further fuel calls for Washington to step in.

Go deeperArrowJan 8, 2020