I believe there is a tendency to be more trusting when you think you are in a safe environment such as a social networking site. You are amongst friends, right?
Clearly we still need to be on our guard.
The majority of social networking users are vulnerable to online security problems with less than one third taking actions to protect themselves, according to a new survey by AVG and the CMO Council.
According to the poll results most social network users fail to perform the following basic security measures on a regular basis:

"As social networking populations grow globally and the proliferation of niche social networks and mobile offerings extends the reach of social communities, the threats and vulnerabilities are escalating accordingly," said Donovan Neale-May, executive director of the CMO Council.
"More frequent breaches and outbreaks on popular social sites are a testament to the need for a more preventative mindset and threat-alert culture among community users."
Other security risks to social networking users include:
Because of the widespread increase of links, files, and unsolicited contacts, users have experienced high levels of breaches and threats:
"The fact that users understand the risks, and yet are failing to take the basic steps to protect themselves presents an interesting challenge to companies, like AVG, that are working to create a safer cyber community," said Siobhan MacDermott, Head of Public Policy, Corporate Communications and Investor Relations, AVG Technologies.
I believe there is a tendency to be more trusting when you think you are in a safe environment such as a social networking site. You are amongst friends, right?
Clearly we still need to be on our guard.
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The best solution is
The best solution is "Prevention is better than cure" for users of any such Social networking websites.
Try not to disclose your details as much and provide only the relevant ones. It will take sometime to have things more secured.