OZ Hit By Facebook Security Breach Spammer Fined $730 M

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As tens of thousands of Australians battle a Facebook log in spam, the social network Company has won a $711 million judgment against an alleged spammer who accessed members’ accounts without permission and sent phony wall posts and messages.

As thousands of Australians battle a Facebook log in spam, the social network Company has  won a $711 million judgment against an alleged spammer who accessed members’ accounts without permission and sent phony wall posts and messages.

Currently in Australia, Facebook users are being hit with a spam that ask’s them to upgrade to a new log in system. Those that have responded to the bogus emails have found that their confidental passwords and log in details have been compromised.

The bogus email that looks genuine, comes complete with Facebook logo, says    
Dear Facebook user, in an effort to make your online experience safer and more enjoyable, Facebook will be implementing a new login system that will affect all Facebook users. These changes will offer new features and increased account security.

Before you are able to use the new login system, you will be required to update your account. Click here to update your account online now. If you have any questions, reference our New User Guide. the User Guide is also bogus.

The company had received a temporary restraining order against notorious “spam king” Sanford Wallace and two others in March.

“While we don’t expect to receive the vast majority of the award, we hope that this will act as a continued deterrent against these criminals,” Facebook wrote in its company blog.

“Most notably, the judge referred Wallace to the U.S. Attorney’s Office with a request that Wallace be prosecuted for criminal contempt, which means that in addition to the judgment, he now faces possible jail time.”

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