![]() In the last few years, Facebook has been in the spotlight for a myriad of controversies. In this analysis, we explore some of the biggest cybersecurity controversies which affected FAMGA, how they’ve responded, and what they are doing now to fill in the remaining gaps. In addition to investments, FAMGA has applied for dozens of patents over the last few years, focusing on everything from securing users’ login credentials to combating cyber crime, and more. Select investments (green lines) & acquisitions (orange) in the cybersecurity space. In May 2018, for example, the General Data Protection Regulation (GDPR) went into effect as a means to protect personal data across the EU, further propelling companies worldwide to take data protection more seriously. ![]() Corporate data: Virtually every major company, across industries ranging from healthcare to finance, has back end systems that are built around services provided by big tech.Ĭollectively, FAMGA has poured nearly $2.5B into cybersecurity startups globally - especially as tech companies have been largely at the center of privacy regulation issues.And because it’s so valuable - and not well understood - the scope of exactly what the big tech brands have been collecting is only recently being recognized by the general public. Personal data: Perhaps the most sought after currency of the digital age. ![]() These tech giants track our behavior, store our financial information, know where we work and live, what we buy, and more - and as a result, each has made moves to prioritize cybersecurity initiatives across two distinct areas: It comes as no surprise, then, that big tech players like Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are investing heavily in data security - especially as several have fallen victim to data breaches themselves.įacebook, for example, disclosed that an unprecedented data breach in September 2018 exposed the social media accounts of up to 90M users - including login credentials - effectively compromising access to any site that lets users log in with their Facebook account.īut the company is not alone. ( Read our future of data security report for more on this topic.) These high-profile data breaches (among many others over the last few years) have put the general public on high alert, with talk of data protection becoming an increasing priority.
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