Endpoint //

Privacy

3/26/2018
01:10 PM
50%
50%

Facebook Adds Machine Learning to Fraud Fight

Machine learning tools will assist trained human reviewers who Facebook says block millions of fake accounts at the time of registration every day.

In the giant news shadow created by Cambridge Analytics, it can be easy to forget that Facebook-based basic financial fraud victimizes thousands of people every year. Today, Facebook announced that it is enlisting machine learning tools to help battle the criminals.

The new tools will be largely tasked with fighting fake accounts used to commit fraud. While there are a number of techniques being used to identify fraudulent accounts, in a blog post Facebook wrote that the company looks for "instances where people are reaching out to others far beyond their typical network of connections, or in unusually large volumes, along with other behavior patterns."

Facebook's fight against fraud comes against a backdrop of concern about how the social media company treats customers and their data as a general matter. In a statement released today, Tom Pahl, acting director of the Federal Trade Commission’s Bureau of Consumer Protection, says in part, "... the FTC takes very seriously recent press reports raising substantial concerns about the privacy practices of Facebook. Today, the FTC is confirming that it has an open non-public investigation into these practices.”

Machine learning tools will assist trained human reviewers who, Facebook says, block millions of fake accounts at the time of registration every day. In addition, Facebook provides users with a guide to spotting scams and fraud.

For more, read here and here.

Interop ITX 2018

Join Dark Reading LIVE for a two-day Cybersecurity Crash Course at Interop ITX. Learn from the industry’s most knowledgeable IT security experts. Check out the agenda here. Register with Promo Code DR200 and save $200.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
White House Cybersecurity Strategy at a Crossroads
Kelly Jackson Higgins, Executive Editor at Dark Reading,  7/17/2018
Lessons from My Strange Journey into InfoSec
Lysa Myers, Security Researcher, ESET,  7/12/2018
What's Cooking With Caleb Sima
Kelly Jackson Higgins, Executive Editor at Dark Reading,  7/12/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Flash Poll
New Best Practices for Secure App Development
New Best Practices for Secure App Development
The transition from DevOps to SecDevOps is combining with the move toward cloud computing to create new challenges - and new opportunities - for the information security team. Download this report, to learn about the new best practices for secure application development.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2016-9574
PUBLISHED: 2018-07-19
nss before version 3.30 is vulnerable to a remote denial of service during the session handshake when using SessionTicket extension and ECDHE-ECDSA.
CVE-2017-2673
PUBLISHED: 2018-07-19
An authorization-check flaw was discovered in federation configurations of the OpenStack Identity service (keystone). An authenticated federated user could request permissions to a project and unintentionally be granted all related roles including administrative roles.
CVE-2017-7481
PUBLISHED: 2018-07-19
Ansible before versions 2.3.1.0 and 2.4.0.0 fails to properly mark lookup-plugin results as unsafe. If an attacker could control the results of lookup() calls, they could inject Unicode strings to be parsed by the jinja2 templating system, resulting in code execution. By default, the jinja2 templati...
CVE-2018-12911
PUBLISHED: 2018-07-19
WebKitGTK+ 2.20.3 has an off-by-one error, with a resultant out-of-bounds write, in the get_simple_globs functions in ThirdParty/xdgmime/src/xdgmimecache.c and ThirdParty/xdgmime/src/xdgmimeglob.c.
CVE-2018-14404
PUBLISHED: 2018-07-19
A NULL pointer dereference vulnerability exists in the xpath.c:xmlXPathCompOpEval() function of libxml2 through 2.9.8 when parsing an invalid XPath expression in the XPATH_OP_AND or XPATH_OP_OR case. Applications processing untrusted XSL format inputs with the use of the libxml2 library may be vulne...