Back to top

Image: Bigstock

Facebook (FB) Working on "Delegated Account Recovery" Tool

Read MoreHide Full Article

In a blog post yesterday, Facebook Inc. security engineer Brad Hill said that the social media giant is working on tightening account security and is testing new account recovery means that will considerably eliminate the importance of email and SMS.

Generally, when a user tries to reset account password, apart from the "risky" security questions, the other "best alternatives" are recovery emails and SMSes, which according to Hill are “showing their age”. He adds that these do not provide “end to end security” assurance like most “modern protocols”, and as a result their reliability is now being questioned. Numerous email hacking incidents, such as the one at Yahoo, has put a question mark on the viability of recovery emails as best alternatives for account recovery.

Therefore, in order to improve account security, Facebook is now launching the “delegated account recovery” feature for third party sites like GitHub. Per the post, to use the tool, a user needs to first set up a recovery token in “advance” with his Facebook account. Just in case, if the user loses details of their GitHub account, they can “re-authenticate” to Facebook, which will then “send the token back to GitHub with a time-stamped counter-signature.” The token is encrypted so that no one can access the stored information. The token can assure third party websites that the same user who created the token is receiving it.

Hill added that the feature will be rolled out in a “limited fashion with GitHub”. The feature is being released as an open source enabling other websites to implement as well allow security researchers to point out the glitches. It is a part of Facebook’s “bug bounty program”.

At present, Facebook has a Zacks Rank #3 (Hold). Given the phenomenal growth in mobile ad business and video efforts, Facebook has vastly outperformed the broader market. In the past one year, Facebook’s shares have generated a return of 13.76%, compared with the Zacks Internet Services industry’s gain of 7.74%.

A couple of better-ranked stocks in the wider technology space include Jabil Circuit Inc. (JBL - Free Report) , HealthStream, Inc. (HSTM - Free Report) and MeetMe, Inc. . Jabil sports a Zacks Rank #1 (Strong Buy) while HealthStream and MeetMe carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

In the trailing four quarters, Jabil, HealthStream and MeetMe have yielded positive average earnings surprises of 45.61%, 7.29% and 36.07%, respectively.

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?

Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Jabil, Inc. (JBL) - free report >>

HealthStream, Inc. (HSTM) - free report >>

Published in