A new report revealed that hackers are increasingly targeting social networking services like Twitter and Facebook. Many employees who log on during the day at work might be causing information security risks at their companies. But banning the technologies would be short-sighted.
Here is the crazy article by C.G Lynch from CIO.com
As more workers spend a greater part of their days on social networks like Facebook and Twitter, hackers have turned their energies toward spreading their malware across those services, harming workstations and company networks.
That’s the contention of a recent report measuring Web 2.0 targeted hacks that occurred the first quarter of this year that was conducted by the Secure Enterprise 2.0 Forum and industry group aimed at enabling the safe use of social media in the word place.
Increasingly, hackers have turned their attentions away from e-mail, in part due to the fact people spend more of their time communicating with friends, family and colleagues over mediums like Facebook and Twitter. In addition, the e-mail environment has reached a level of maturity that makes the new frontier of social networks more attractive to hackers and spammers.
The list of security hacks on Web 2.0 and social networking sites were impressive, the report found. Nearly one-fifth were caused by authentication hacking (where someone is able to gather user names and passwords). Others included database hacking (21 percent), content spoofing (11 percent) and cross site scripting (XSS), an incident where malicious code runs on a webpage and eventually can enable phishing attacks.
The consequences of these types of hacks can be incredibly harmful. According to the report, nearly 30 percent lead to the leakage of sensitive information. Around 13 percent resulted in actual monetary loss, while more than 10 percent installed malware on computers or their corresponding networks.
The report will most likely fuel the resolve of CIOs and heads of technology that have banned social networking sites in the work place. By most measures, nearly half of all employees have gone that route out of concerns of security & productivity.
However, a company called Worklight takes on a different approach with the results of the study. They say that these social networking sites provide a server that allows them to move company information over portals like Facebook and iGoogle without it living on the servers of those sites. Worklight claims that it allows employees to stay safely on their favorite consumer sites to connect with customers & partners.
Currently some CIO’s have been willing to use these tools but at times been reluctant due to anecdotal stories about security breaches. This crazy report will allow them to know what the threats are and make informed decisions about letting users access the sites.
Who knows. I love interacting with people on facebook and I think as long as people are not stupid & open emails and crazy phising fake messages, people don’t send company information over facebook things should be ok. But again that boils down to the same issue with security policies within corporate email etc. Just need to hire and employee smart, honest, not stupid people. Easy enough right?

So I read this article on Digg.. and yes I am sure Google is building a social network & 3249283042834 other things. You know that they tried to build Orkut and that was a failure… but they are not giving up in the social netorking area… I filled out a little profile but I am really not interested. I really think that the early bird gets the worm here. I am not interested in changing from Facebook to Google.. just like Google was late on their “Google Talk”. Who wants to have 324324 instant messages. I already have Yahoo, AIM and MSN. No thanks on another one. I am already on Linked-in, Facebook & that is PLENTY for 1 person. Sorry Google but I think you are waisting your time on this one. 
So last week Business Week reported that Digg’s 2008 revenue is projected to be $8.5 million with $5.3 million in losses.
There are many personal benefits of facebook at work.. time goes by quicker, keeping track of long lost buddies, seeing what your friends are up to, entertainment etc….