Facebook and LinkedIn to Upgrade Security

Facebook Inc (NASDAQ:FB) has agreed to bolster its security practices in response to demands from Irish regulators today. Facebook, like many tech company's including Google Inc (NASDAQ:GOOG), and Intel Corporation (NASDAQ:INTC), have European bases in Ireland because of friendly tax and regulatory regimes.

Facebook's office in Dublin, which employs over 400 people, handles the companies services for all users outside of the United States and Canada. The regulators in the country performed an audit of the company's privacy practices last year and released a report in December that alleged the firm's security practices lacked transparency, and were...