Facebook has come forward telling users that they scan the internet looking at all stolen data, and collect as much of it as possible. They then compare all of the stolen credentials to their users password and email address to see if they find a match. Essentially, if people are silly enough to use the same password on a different site that has gotten breached, Facebook will notify you to change your password on your next login. The theory is that Facebook is protecting your account from behind hijacked, however this raises concern for some suggesting that Facebook is going too far and is storing too much of your personal data.
I personally am on the fence about this topic. It's good that they are attempting to protect their users, however I don't like the idea of them storing my information. Part of me feels that it's the users own fault if they choose to use the same exact password on every website. The other part of me feels like it's a kind gesture for Facebook to spend the extra money and resources on trying to further protect their users.
Sources:
Naked Security
The Register
"Even if you're not doing anything wrong, you are being watched and recorded." - Edward Snowden
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