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A report by The Information claims that Facebook is looking for a cybersecurity firm to buy. According to four anonymous insiders, Facebook approached multiple companies with talks about an acquisition, but the report didn't mention any companies by name. Facebook suffered from a big security breach earlier this year, and with smart hardware shipping into users' homes, they can't afford another one.
Sources declined to say which companies had been approached, but one said a deal could be closed as soon as the end of this year. Facebook has reportedly assembled a team to scout out targets with a view to bolstering its cybersecurity expertise and to quell public criticism of its data protection.
Sources declined to say which companies had been approached, but one said a deal could be closed as soon as the end of this year. Facebook has reportedly assembled a team to scout out targets with a view to bolstering its cybersecurity expertise and to quell public criticism of its data protection.