Facebook Moves to Improve Privacy and Transparency

What's happening: Social networking sites have become a veritable goldmine for cybercriminals. Many online thefts from business bank accounts start when an employee innocently clicks on a link in an email from Facebook or another of the social network sites.

What it means: While it's good that Facebook is beginning to tighten up their privacy, this post is a warning to everyone that social engineering sites are breeding grounds for cyber-fraud.

What to do: See our discussion with Terry Corbell about the dangers of social networking sites and what management needs to do about it.

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New York Times: Facebook announced on Thursday that it planned to change the site to give users more privacy and control over their personal information. http://bits.blogs.nytimes.com/2009/08/27/facebook-moves-to-improve-privacy-and-transparency/?scp=1&sq=facebook%20moves&st=cse