Facebook Erases 74 Cybercrime Groups With 385,000 Members Selling Passwords, Credit Cards And Hacking Services

Share to twitterFacebook says it knows it can do better to curb cybercrime after a massive number of groups trading stolen data were erased.Facebook has launched a crackdown on cybercrime on its platform after security researchers from Cisco Talos discovered what it called an “online criminal flea market” on the site. They uncovered scores of groups where hundreds of thousands of members oversaw the trade of passwords, credit card information and hacking tools.

Meanwhile, run-of-the-mill crooks continue to benefit from the openness of the platform to reach a wide audience to sell illegal offerings. It took a warning from the Cisco cybersecurity unit to get Facebook to remove 74 groups, many of whose 385,000 members were offering a wide array of cybercrime services. Those criminal offerings included stolen credit card details with CVV security numbers, usernames and passwords, and email spamming tools, a Cisco Talos report released Friday revealed.

“Platform administrators need to play their part in identifying and removing malicious groups. The wider security community must work together to actively share information, take action and inform our customers. But also we need to engage users and encourage them to be proactive in reporting abuse when they encounter it to help take down these groups.”Anyone with a Facebook account can quickly find groups where criminal services are on offer or credit card information is traded.

Facebook cybercrime problems will never stop..

Isn't this was the sole reason why social media like Facebook was created, just thinking 🤔

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They're selling data.

Really makes you think about how safe social sites really are.. and especially those that utilize e-commerce and the experience credit/debit transactions on a daily basis. JMUMKTG410

thanks for updates forbes

Sounds scary

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