Facebook, the social media mammoth, with its total worth more than 650 Billion dollars, just admitted that almost 50 million accounts were hacked and the data of the same was breached.
With more than 2.2 billion monthly active users, their developers have been unable to determine yet whether the attacker misused any of the affected accounts or stole private information. It also has yet to identify the attacker’s location or whether specific victims had been targeted.
Mark Zuckerberg stated it as a “really serious security issue” in a conference call with reporters.
Shares in Facebook fell 3.0 percent in afternoon trading, weighing on major Wall Street stock indexes.
Furthermore, nearly 90 million active users were auto-logged out of their accounts.
The disclosure has prompted government inquiries into the company’s privacy practices across the world and fueled a “#deleteFacebook” social media movement among consumers.
U.S. lawmakers said on Friday that the hack may boost calls for data privacy legislation.
““This is another sobering indicator that Congress needs to step up and take action to protect the privacy and security of social media users,” Democratic U.S. Senator Mark Warner said in a statement.