Facebook's proposed cryptocurrency Libra will present a juicy target for organised criminals, according to global cyber security experts, forcing the social network and its new partners to invest billions in defences to protect users' money and convince regulators the network can be trusted.
With the resilience of the Libra payments system to be a core focus for regulators scrutinising the plan over the coming months, Facebook recognises the security threat.
"As with any currency or financial infrastructure, bad actors will try to exploit the Libra network," Facebook said in the materials it released this week.