Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Screenshot of FaceApp on the Google Play store

The FBI warned in a letter to Senate Minority Leader Chuck Schumer (D-N.Y.) Monday that it considers mobile applications developed in Russia, including the popular photo-aging app "FaceApp," to be "potential counterintelligence threats."

The backdrop: FaceApp is a Russian-owned mobile application that allows users to upload photos of themselves and see what they may look like at a different age. Experts warned about potential privacy and national security concerns when the app spiked in popularity this past summer, prompting Schumer to request that the FBI and Federal Trade Commission look into the matter in July.

What they're saying: "The FBI considers any mobile application or similar product developed in Russia, such as FaceApp, to be a potential counterintelligence threat, based on the data the product collects, its privacy and terms of use policies, and the legal mechanisms available to the Government of Russia that permit access to data within Russia's borders."

  • "Russia's intelligence services maintain robust cyber exploitation capabilities ... the [Russian Federal Security Service] can remotely access all communications and servers on Russian networks without making a request to ISPs."

What to watch: The FBI said it will coordinate for notifications and investigations, and will work with applicable task forces if the app is perceived as a threat to "elected officials, candidates, political campaigns or political parties."

  • Schumer said in a statement: "In light of FBI’s warning that FaceApp, and similar applications developed in Russia, poses a potential counterintelligence threat to the United States, I strongly urge all Americans to consider deleting apps like FaceApp immediately and proceed with extreme caution when downloading apps developed in hostile foreign countries."

The big picture: The letter comes as other foreign apps — namely China's popular video sharing app "TikTok" — are under intense scrutiny from U.S. lawmakers who believe they could pose risks to national security.

Go deeper:

Go deeper

Tony Hsieh, longtime Zappos CEO, dies at 46

Tony Hsieh. Photo: FilmMagic/FilmMagic

Tony Hsieh, the longtime ex-chief executive of Zappos, died on Friday after being injured in a house fire, his lawyer told the Las Vegas Review-Journal. He was 46.

The big picture: Hsieh was known for his unique approach to management, and following the 2008 recession his ongoing investment and efforts to revitalize the downtown Las Vegas area.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

The unicorn stampede is coming

Illustration: Annelise Capossela/Axios

Airbnb and DoorDash plan to go public in the next few weeks, capping off a very busy year for IPOs.

What's next: You ain't seen nothing yet.

16 hours ago - World

Maximum pressure campaign escalates with Fakhrizadeh killing

Photo: Fars News Agency via AP

The assassination of Mohsen Fakhrizadeh, the architect of Iran’s military nuclear program, is a new height in the maximum pressure campaign led by the Trump administration and the Netanyahu government against Iran.

Why it matters: It exceeds the capture of the Iranian nuclear archives by the Mossad, and the sabotage in the advanced centrifuge facility in Natanz.