Numerous companies are investing millions to improve cyber-security to ensure safety and reduce cyber-attacks and security breach. One of the social media giants such as Facebook is also investing to improve cyber-security to ensure the safety of their nearly 50 million users from criminal hackers.
Last November, Mark Zuckerberg, CEO of the Facebook told investors that it will be investing to improve cyber-security, but it is a necessary component for ensuring safety. He said the company will double the security staff by end of 2018 by adding security engineers from 10,000 to 20,000. The company is spending to improve social networking site by adding artificial intelligence (AI). He also pointed out that security is the problem which never will be fully solved. The company is heavily emphasizing on the safety from a breach like which struck Equifax in September 2017.
Safety and privacy are some issues due to which the company faced criticism from the public. Since then, the company has taken efforts to improve their security. All big institutions and companies are targeting their back for criminal attackers. Cyber-security executives in the logistics, healthcare, and shipping industries told that they are significantly investing in order to mitigation of ransomware and disaster planning for attacks of WannaCry and NotPetya ransomware-worm last year. These are serious security issues and the Facebook is taking it seriously, said Zuckerberg.
The all tech and finance companies are taking the security concerns very seriously and taking efforts on it. For that, it may be time for rethinking how companies are considering security breach and how they are looking to improve security in the future.