Facebook gambling with real money

fbFacebook and 888 deal will introduce real money gambling to the UK netizens by bringing launching casino games. The social networking firm signed a profitable deal with online gaming company to bring Las Vegas-style slot machines and games such as roulette and blackjack to the UK.

Online gamers will be able to bet up to £500 using a credit or debit card on the casino games with promises of winning jackpots worth tens of thousands of pounds. The relaxed gaming laws in the UK when compared to the US have made it possible for Facebook to introduce these gambling games to the Brits.

Talking about the deal with Facebook, chief operating officer of 888, Itai Frieberger said, “Our Facebook play for fun offerings have found a significant audience, and we are very excited by the opportunity real money gaming on Facebook provides.” Facebook has been criticised for breeding the next generation of gamblers by bringing in real money casino games, though the firm clarifies that children will not be allowed to gamble.

Facebook and 888 have stated that they have safeguards to prevent minor from playing the real money games. The preventive measures include checking the credit and debit card details against the user’s Facebook profile and electoral register. Critics argue that the children can log in through their parents’ accounts and use the family computer to access credit card details.

The social networking website has 3 million UK users aged between 13 and 17, but more than 1 million users are reported be under 13 and pretending to be older. 888 has launched its first real money bingo application earlier with a future release of more casino games. Facebook is reported to take a 30% cut on all bets placed.

Facebook using technology to stop fraud

A Facebook and FBI led team have brought down a criminal organisation responsible for infecting 11 million computers and causing damages worth £527 million ($850 million). The Federal Bureau of Investigation collaborated with many international agencies to capture the 10 people, who were responsible for the cyber crimes.

The organisation, which was dismantled by a FBI and Facebook joint effort infected the computers with ‘Yahos’ malicious software, which granted them access to credit card, bank and other personal details of the users. Facebook users came under the attack of the infected software from 2010 to October 2012.

Facebook helped the FBI when they were able to identify the user accounts affected by the software and provide solutions for the removal of the threats. The hackers used ‘Butterfly Botnet’ for infecting numerous computers to access user information according to FBI. The US Department of Justice was also active in the disassembling of the criminal organisation.

The people arrested for operating the ring belong to different nations which include, Bosnia and Herzegovina, Croatia, Macedonia, New Zealand, Peru, the UK and the US. The effort from FBI was a massive joint operation as it included international agencies from many nations.

Reports suggest that FBI is relying on micro-blogging website, Twitter and Facebook for future information on any kind of malicious software and hacking programs. The intelligence agency has stepped up its efforts in bringing down cyber criminals. FBI has also advised Facebook users to update their applications and operating system regularly.

The suggestions also include performing regular anti-virus scanning of the computer and disconnection of the personal computer when the machine is not in use.

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