Facebook Buys Stolen PasswordsIn an effort to make the security and protection more concrete, Facebook trolls the black market for stolen passwords. The goal is to ensure security of users who use the same password across various online accounts.

Facebook’s Chief Security Officer Alex Stamos spoke at the Web Summit held in Lisbon on Wednesday and discussed how the interpersonal organization purchases stolen passwords so it can run its own encoded secret key database against stolen passwords. Stamos called the assignment “computationally heavy” yet said that doing it has permitted the organization to alert a huge number of clients that they were utilizing insecure passwords.

Stolen passwords are as often as possible sold on the black market. Truth be told, that is the manner by which most remaining information ruptures happen. Individuals purchase those stores and after that utilization the usernames and passwords not just to invade the records for the stolen benefit (gave the administration hasn’t reset all passwords) additionally different administrations where clients may reuse similar qualifications.

That is a piece of what makes utilizing a similar secret key on more than one site such an awful thought; you won’t not think about one account getting hacked but rather that same password could give access to other sensitive data.

Facebook isn’t the only one to think about adopting this practice. As the San Francisco Chronicle reported in January, more organizations are finding a way to ensure clients. The Chronicle refers to PayPal as an organization that has confessed to purchasing passwords on the underground market as a “standard course of business.”

The practice is not appreciated by security experts who think purchasing stolen information is way too much. Furthermore, it’s additionally genuine that purchasing stolen data exists in a grey area, legitimately. Still, many contend that if the information is now out there, it bodes well for expansive locales to in any event know about the information out there so they can best secure their clients.