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Have you ever wondered if Facebook, the social media giant takes any measures to safeguard its user's data apart from providing basic security that any other services would do?
Well, if you haven't, you should. Alex Stamos, Chief Security Officer, Facebook revealed at the Web Summit in Lisbon, Portugal that the company purchases passwords from hackers in order to cross reference the stolen passwords with the encrypted passwords on their database.
The company justifies this action by saying that it does so in order to check whether their users are not using them (passwords) thereby making them less vulnerable.
Alex Stamos said that "Keeping Facebook safe and keeping it secure are two different things." "Security is about building walls to keep out threats and shore up defences, but safety is bigger than that." He further added that "It turns out that we can build perfectly secure software and yet people can still get hurt."
The company is already deploying multiple methods to ensure its users remain safe from hackers. Such methods include two-step verification and identification of your friend's faces.
The search engine giant also makes use of machine learning algorithms to spot any fraudulent activities. It his time and again warned people from using simple passwords like "123456" or "8765432" since the company has observed that most of the stolen password combinations were of a similar pattern.
Facebook has also revealed at the Web Summit that it's working on something called "Style Transfer" which allows its users to apply artsy filters to live videos and photos much like the ones seen on Prisma app. You can read more about it here.