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Security concerns arise as Facebook looks to launch digital wallet app

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CHICAGO (NewsNation Now) — Facebook wants to be your bank. The company is working to launch a digital wallet app, giving them direct access to our bank accounts.

“If Facebook were a country, they’re twice the size of China,” Morgan Wright, the chief security advisor for cyber security firm SentinelOne and a former State Department antiterror specialist, said on “On Balance” Monday. “So now you’re talking about the power to influence information and stories and, to your point. now you want to give them access to people’s financial accounts.”

The company already owns Whatsapp, Instagram and Oculus, which makes headsets for virtual reality.

“If you think manipulating information and the media and the narrative was a problem, wait until you can wrap that around with a financial incentive to do what Facebook wants you to do,”…

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