Facebook Resolved 530M User Data Leak Issue

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  • Facebook Inc FB announced the detection and the resolution of the recent account hack that allegedly compromised 530 million accounts, Reuters reports.
  • Business Insider reported the free availability of phone numbers and other user profile details before September 2019 in a public database last week.
  • Facebook admitted the data was hacked via manipulation of its contact sync tool feature. The company had identified and modified the tool according to its blog post.
  • Recently, a Chinese hacking group compromised over 30,000 U.S. organizational email systems through a recently patched Microsoft Corp MSFT Exchange Server software vulnerability.
  • Price action: FB shares traded higher by 0.01% at $306.30 in the premarket session on the last check Wednesday.
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