According to the latest report from The Information, Facebook is planning on buying a “major” cybersecurity company and has already offered deals to “several” companies. Though the names of the companies remain unknown, Facebook reportedly to buy software that could fold into its existing services, such as tools for signaling hacking attempts or securing individual accounts.
It is also unclear how close Facebook might be to a deal, but it might close a purchase by the end of 2018. As expected, Facebook has declined to comment. With all the negativity going around Facebook in recent times, an acquisition could help Facebook boost its defenses, improve its expertise and reduce the chances of a being vulnerable.
This move could also signal how serious the company is about upgrading its security, even if the newly-bought technology is only partially useful. With all the reports about hacks, Cambridge Analytica, trust on Facebook really took a toll and this move should bring the light in the day that it wants. Since this is early stages of rumors, there aren’t many details yet, so we still have to wait for a while to know more details.