Meta sought to settle EU antitrust investigations, sources say

    A second investigation centres on whether Facebook ties its classified ads service Marketplace to its social network to give it an advantage in reaching customers.
    By: REUTERS
    | Updated on: Dec 02 2022, 01:01 IST
    Trojan virus: 9 Android Apps flagged; your Facebook password is under threat from hackers
    Trojan virus: 9 Android smartphone apps were flagged by the cyber security firm that you must beware of and delete immediately as they can steal your Facebook password.
    1/12 Trojan virus: 9 Android smartphone apps were flagged by the cyber security firm that you must beware of and delete immediately as they can steal your Facebook password. (MINT_PRINT)
    This development will shock every Android smartphone owner. A cyber security firm has warned about Trojan virus on 9 Android Apps that can cause immense loss. The malicious malware is being used by hackers who upload their apps on Google Play Store from where unsuspecting users then download them on their smartphones. These hackers have different ways to bypass Google’s security gates.  Find and delete them: These 9 Android apps can steal Facebook users’ login names and even passwords! These Android apps have infected more than 5,856,010 users' smartphones, according to Doctor Web. To protect yourself from these malicious Android apps, you must find out if they are there on your smartphone and delete them immediately.
    2/12 This development will shock every Android smartphone owner. A cyber security firm has warned about Trojan virus on 9 Android Apps that can cause immense loss. The malicious malware is being used by hackers who upload their apps on Google Play Store from where unsuspecting users then download them on their smartphones. These hackers have different ways to bypass Google’s security gates.  Find and delete them: These 9 Android apps can steal Facebook users’ login names and even passwords! These Android apps have infected more than 5,856,010 users' smartphones, according to Doctor Web. To protect yourself from these malicious Android apps, you must find out if they are there on your smartphone and delete them immediately.
    How Facebook account passwords were stolen: Doctor Web’s malware analysts said that these Android apps are stealer trojans and were spread as harmless software. When they were being downloaded from Play Store, users were asked to log onto their Facebook accounts in order to get access to all of the apps’ functions. Users were shown the standard Facebook login page which made it seem genuine. Hackers then managed to access user’s Facebook credentials.   In fact, Dr Web had found 10 trojan apps, but out of these, 9 were available on the Google Play Store.
    3/12 How Facebook account passwords were stolen: Doctor Web’s malware analysts said that these Android apps are stealer trojans and were spread as harmless software. When they were being downloaded from Play Store, users were asked to log onto their Facebook accounts in order to get access to all of the apps’ functions. Users were shown the standard Facebook login page which made it seem genuine. Hackers then managed to access user’s Facebook credentials.   In fact, Dr Web had found 10 trojan apps, but out of these, 9 were available on the Google Play Store.
    Processing Photo by the developer chikumburahamilton
    4/12 Processing Photo by the developer chikumburahamilton (Dr Web)
    App Lock Keep from the developer Sheralaw Rence
    5/12 App Lock Keep from the developer Sheralaw Rence (Dr Web)
    Rubbish Cleaner from the developer SNT.rbcl
    6/12 Rubbish Cleaner from the developer SNT.rbcl (Dr Web)
    Horoscope Daily from the developer HscopeDaily momo
    7/12 Horoscope Daily from the developer HscopeDaily momo (Dr Web)
    Horoscope Pi from the developer Talleyr Shauna
    8/12 Horoscope Pi from the developer Talleyr Shauna (Dr Web)
    App Lock Manager from the developer Implummet col
    9/12 App Lock Manager from the developer Implummet col (Dr Web)
    Lockit Master from the developer Enali mchicolo
    10/12 Lockit Master from the developer Enali mchicolo (Dr Web)
    Inwell Fitness from the developer Reuben Germaine
    11/12 Inwell Fitness from the developer Reuben Germaine (Dr Web)
    PIP Photo by the developer Lillians
    12/12 PIP Photo by the developer Lillians (Dr Web)
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    The European Commission launched an investigation into Facebook in June last year, focusing on whether the social network unfairly use advertisers' data to compete with them in the online classified ads sector. (REUTERS)

    Facebook owner Meta reached out to EU antitrust regulators some time back in an attempt to settle investigations into its use of customer data and the tying of its classified advertisements service to its social network, people with direct knowledge said.

    There were very preliminary discussions which so far have not made any progress, the people said.

    The EU competition enforcer and Meta declined to comment.

    The European Commission launched an investigation into Facebook in June last year, focusing on whether the social network unfairly use advertisers' data to compete with them in the online classified ads sector.

    A second investigation centres on whether Facebook ties its classified ads service Marketplace to its social network to give it an advantage in reaching customers and shut out rival online classified ad services.

    Settling an antitrust investigation allows a company to stave off possible fines up to 10% of its global turnover. There would also be no finding of infringement which could be helpful to ward off damages claims.

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    First Published Date: 02 Dec, 01:01 IST
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