Facebook hit with unsolicited porn, violent videos

REUTERS - Facebook Inc said on Tuesday that it is investigating a rash of unsolicited graphic images that hit some users' accounts this week.

The images, Internet links and videos depicting pornography and violence have hit some people's Facebook newsfeeds in recent days.

"We experienced a coordinated spam attack that exploited a browservulnerability," Facebook spokesman Andrew Noyes said in a statement emailed to Reuters. "Our efforts have drastically limited the damage caused by this attack, and we are now in the process of investigating to identify those responsible."

Facebook does not know yet who was behind the attack and a motive was not clear, Noyes added during an interview with Reuters.

Facebook users were tricked into pasting and executing "malicious" javascript in their browser URL bar, which led to them unknowingly sharing the content, Noyes explained.

Facebook engineers have been working to reduce this browser vulnerability, he added.

Facebook and other "Web 2.0" sites are easy targets for such attacks because they pull in a lot of content from outside sources, according to Paul Ferguson, senior threat researcher at Trend Micro Inc.

"It seems every other day there is some new Facebook 'threat,' but this is just the new reality of Web 2.0 and social networking," Ferguson said. "It is 'low-hanging fruit' for criminals."

Read more »

Rajaratnam sentenced to 11 years in prison

NEW YORK (Reuters) - Raj Rajaratnam, a self-made hedge fund tycoon convicted in the biggest Wall Street trading scandal in a generation, was ordered on Thursday to serve 11 years in prison, one of the longest sentences on record in an insider-trading case but less than prosecutors had sought.

Prosecutors had asked U.S. District Judge Richard Holwell in Manhattan to impose a sentence of at least 19-1/2 years on the Galleon Group founder, the central figure in a sweeping criminal case that touched some of America's top companies, including Goldman Sachs Group Inc, Intel Corp, IBM and the elite McKinsey & Co consultancy.

Defense lawyers had argued that Rajaratnam deserved a much shorter prison term, citing unspecified health problems and arguing that the government was pushing for a punishment more appropriate to a violent criminal.

Prosecutors have called Rajaratnam, 54, the "modern face" of insider trading, putting him in a dubious pantheon of Wall Street power players such as takeover specialist Ivan Boesky and junk bond financier Michael Milken, principal figures in a mid-1980s insider-trading case. Both men served about two years in prison.

Read more »