Facebook probably knows more about you than even your closest contacts, but what is the company doing to protect all that personal data? The company already has its own security measures in place, but now it’s doubling down with its latest acquisition. The social networking giant has confirmed it’s buying Internet security firm PrivateCore in an effort to keep your data safe.
PrivateCore CEO Oded Horovitz announced the news on Thursday, offering an explanation for why he sold his small company to Facebook. The social network’s massive scale is both an opportunity and a challenge for PrivateCore as it works towards adopting its own technology to Facebook’s specialized servers. It’s also a chance to offer a valuable service to more than a billion people for free, assuming Facebook doesn’t start charging its users anytime soon.
In the wake of Heartbleed, which exposed private data stored on Facebook along with Gmail, Tumblr and a ton of other sites, it’s become clear that most websites aren’t as secure as they should be. Facebook is already one of the most popular social networks around, giving it an edge over smaller alternatives like Twitter and Tumblr. If the company can also claim to offer the most secure network it will have an even bigger advantage over the competition.