Alphabet Inc to shut Google+ over data breach


Search engine giant Google is planning to shut the consumer version of its social network Google+ after announcing that data from up to 500,000 users may have been breached and exposed to external developers by a bug that was present for more than two years in its systems.

googleThe company revealed the news on a blog where it wrote that it had discovered and patched the leak in March of this year. It also said that it had no evidence of misuse of user data.

As soon as the news broke, shares of its parent company Alphabet Inc dropped by 1.5 percent at reached $1150.75.

Earlier, the tech mammoth decided not to reveal the issue with its Application Program Interfaces (API) partly fearing regulatory scrutiny, citing unnamed sources and internal documents.

It said it had closely analysed the entire issue, reviewing the type of data involved.

None of these thresholds were met in this instance,” said Google.

“We found no evidence that any developer was aware of this bug or abusing the API, and we found no evidence that any Profile data was misused,” it added.

According to the European Union’s General Data Protection Regulation (GDPR), if personal data is breached, a company is mandated to inform a supervisory authority within 72 hours, unless the breach is unlikely to result in a risk to the rights and freedom of users.

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.