Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook    FB


News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Facebook : NSO owner tells Amnesty it will prevent abuse of spyware linked to WhatsApp breach

share with twitter share with LinkedIn share with facebook
share via e-mail
05/15/2019 | 12:37pm EDT
FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of Whatsapp logo in this picture illustration

TEL AVIV (Reuters) - NSO Group's owner said it will do whatever necessary to ensure the Israeli firm's spyware does not undermine human rights, after Amnesty International sought to revoke the export licence for NSO, which has been linked to a WhatsApp breach.

While it did not comment on specific attacks, NSO said in a statement following a breach of WhatsApp's messaging app on Tuesday that it would investigate any "credible allegations of misuse" of its technology which "is solely operated by intelligence and law enforcement agencies".

WhatsApp, a unit of Facebook, told human rights groups it believed the spyware used was developed by NSO, best known for its mobile hacking tools, Eva Galperin, director of cybersecurity at San Francisco-based Electronic Frontier Foundation said on Tuesday following the breach.

A second person familiar with the matter also identified spyware from NSO, whose biggest investor is Novalpina Capital.

In a May 15 letter to Amnesty Novalpina said it controls NSO's board and owns about two-thirds of its holding company.

The letter, signed by founding partner Stephen Peel, said Novalpina was "determined to do whatever is necessary to ensure that NSO technology is used for the purpose for which it is intended – the prevention of harm to fundamental human rights arising from terrorism and serious crime – and not abused in a manner that undermines other equally fundamental human rights".

NSO's founders and management acquired the company from U.S. private equity firm Francisco Partners in February, with Novalpina's support.

WhatsApp, one of the world’s most popular messaging tools which is used by 1.5 billion people monthly, said it had notified the U.S. Department of Justice to help with an investigation, and it encouraged all WhatsApp users to update to the latest version of the app, where the breach had been fixed.

Novalpina has been exchanging letters with Amnesty over the past few months, outlining its commitment to ensure NSO operates in accordance with UN principles on business and human rights.

The latest communication was in response to a letter from Amnesty in April and does not mention the WhatsApp breach.

Lawful and responsible deployment of NSO technology by intelligence and law enforcement agencies is essential to meet the challenges of what would otherwise be untraceable crime, terrorism, human trafficking and drug cartels, said the letter.

It referred to an affidavit submitted to the Israeli government by Amnesty this week seeking the revocation of NSO’s export licence. It said this would allow alternative suppliers that have not expressed interest in complying with UN principles to fill the gap.

Novalpina said it was seeking to involve Amnesty in its efforts to address concerns raised in the affidavit.

"Our intention is to establish a new benchmark for transparency and respect for human rights in full compliance with the UN Guiding Principles," the letter said. "This will be underpinned by ongoing and meaningful consultation with affected stakeholders, and by a new model of public transparency."

It said this goal will need to address complex matters of national security law and of intelligence and law enforcement agency practice.

"The intended outcome is a significant enhancement of respect for human rights to be built into NSO’s policies and procedures and into the products sold under licence to intelligence and law enforcement agencies," it said.

(Reporting by Tova Cohen; Editing by Steven Scheer and Alexander Smith)

By Tova Cohen

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on FACEBOOK
05/25FACEBOOK : Fake account removal doubles in 6 months to 3B
05/25FACEBOOK : to boost SMEs' digital skills
05/24FACEBOOK : Privacy Settlement Delayed by FTC Split--3rd Update
05/24FACEBOOK : Privacy Settlement Delayed by FTC Split--Update
05/24FACEBOOK : plans cryptocurrency launch next year
05/24FACEBOOK : plans cryptocurrency launch
05/24FACEBOOK : aims to unleash GlobalCoin cryptocurrency
05/24Modi's Re-Election Means More Scrutiny for U.S. Tech Giants
05/24Foreign investors hope India dials back policy shocks after Modi win
05/24FACEBOOK : Singapore chases tech 'Jedi Masters' for Silicon Valley ambitions
More news
Financials ($)
Sales 2019 69 414 M
EBIT 2019 23 985 M
Net income 2019 20 674 M
Finance 2019 49 780 M
Yield 2019 -
P/E ratio 2019 25,42
P/E ratio 2020 19,63
EV / Sales 2019 6,73x
EV / Sales 2020 5,39x
Capitalization 517 B
Duration : Period :
Facebook Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FACEBOOK
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 44
Average target price 220 $
Spread / Average Target 22%
EPS Revisions
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
FACEBOOK38.12%516 834
TWITTER30.17%28 754
MATCH GROUP INC61.94%19 471
LINE CORP-10.80%7 343
SINA CORP-25.35%2 862
XING SE41.05%2 109