Bitcoin
$ 29,856.00 2.42%
Ethereum
$ 1,971.37 1.51%
Solana
$ 48.70 0.33%
Dogecoin
$ 0.083951 1.96%
ApeCoin
$ 7.43 2.45%
STEPN
$ 1.39 2.54%
Terra
$ 0.000186 20.58%

Detection tech enables Facebook to cancel 3 Billion plus fake accounts

Detection tech enables fake accounts

Facebook recently released its latest Community Standards Enforcement Report, and the social media giant claimed to have removed 3.39 million fake accounts between October 2018 and March 2019.

According to the report, the detection technology used by Facebook aided them to block millions of attempts to create fake accounts and detect more attempts within minutes of registration, right before they become part of Facebook’s Monthly User (MAU) community.

And Facebook admitted that approx. Five percent of their worldwide Monthly Active Users (MAU) represented fake accounts from October 2018 to March 2019.
Reportedly, 99.8% of the fake accounts removed were detected and flagged by Facebook, even before other users reported them, thereby; four million accounts were reported from January to March 2019.

The report further stated that a drastic increase in abusive and fake accounts had been observed during the last six months. These fake accounts are financially motivated and are used for spam campaigns.

Facebook made a profit of twenty-two billion dollars ($22billion) last year, twice as big as the total requested budget of FBI; $9.31 billion for the year 2020. These statistics suggest that Facebook should be hiring detectives and investigators to compile evidence and pass them on to legal authorities in order to curtail activities that are characterized as cyber-crimes or have a tendency to be one. Otherwise, the act of removing fake accounts only seem to manipulate the public’s perception but is making bot creators immune to their measures.

Ahmad Asghar

Ahmad Asghar

A first generation gamer at heart and tech buff by nature, have been involved in the tech sector for better part of a decade. With that insight and knowledge, he now covers blockchain, cryptocurrency and everything fintech so others can make sense of the industry.

Related News

Hot Stories

Terra (LUNA) Rebounded over 1000% in A Day? — Can Investors Expect Any Ray of Hope?
Here's why attorney Jeremy Hogan believes Ripple lawsuit is nearing 'endgame'
XRP Price Prediction 2022-2030 [After Lawsuit]
The Sandbox Price Prediction 2022-2030: HODL or DUMP?
Mastercard backs crypto despite market decline

Follow Us

Industry News

Andreessen Horowitz raises $4.5 billion to back crypto firms
Babel Finance hits a $2b valuation with $80m in funding
The UpLift DAO team joined a closed VIP Discussion with Dr Gavin Wood on what it takes to Build a Better Web3
Mastercard backs crypto despite market decline
Flowcarbon, Adam Neumann's crypto project, raises $70 million in A16z’s funding round