A coalition comprising 41 states, with New York Attorney General Letitia James at the forefront, is calling on Meta Platforms to address the escalating problem of account takeovers on Facebook and Instagram. This united effort emphasizes a substantial increase in scams involving the hijacking of user accounts, manipulation of passwords, and unauthorized access to personal information over the past year. Complaints about account takeovers have surged tenfold since 2019, reflecting the severity of the issue. In response, the coalition is urging Meta to strengthen its data security measures, emphasizing the critical need to protect users from fraudulent activities and prevent unauthorized access to their accounts.
This collective call for action underscores the growing concern among state authorities regarding the vulnerability of social media platforms to exploitation by scammers. The states are advocating for proactive measures to be implemented by Meta to curb the surge in account takeovers, reinforcing the importance of robust data security protocols to ensure the safety and privacy of users on these widely used platforms.
Stay informed with our financial updates, stocks, bonds, commodities. Get global & political insights. Follow us & enable notifications for the latest updates.