Skip to content
Subscriber Only
Technology
Cybersecurity

Facebook Found to Host Cybercriminal Groups Trading Stolen Info

Facebook App And Logo As Crisis Reignites Washington Scrutiny Of Social Networks
Photographer: Andrew Harrer/Bloomberg

Facebook Inc. housed dozens of cybercriminal groups that set up shop on the platform as online marketplaces to sell a variety of illegal services, such as stolen credit card information, account theft and spamming tools, a team of researchers found.

Cisco Systems Inc.’s Talos security unit uncovered 74 groups with names like "Spam Professional" and "Facebook hack (Phishing)," it said in a blog post published Friday. Those online marketplaces, which counted about 385,000 members, were quite easy to locate for anyone with a Facebook account, the group said. Once a person joined one such group, Facebook’s own algorithms would often suggest similar groups, making criminal hangouts easy to find, according to Talos.