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Social networks prove lucrative for fraudsters

Social networks such as Facebook, Bebo and Twitter are proving to be something of a lucrative gold mine for fraudsters around the world. It is becoming more and more apparent, as confirmed by the Serious Fraud Office, that fraudsters are using individual's records on Facebook, Bebo and other social networking sites to harvest vital information which they can use to perpetrate scams and frauds.

There have been various warnings over the years regarding the use of social networking sites but more and more people are now laying themselves open to potential fraud and cash scams. If a fraudster is able to collate simple information such as your full name, address, date of birth and other private information this can give them a very strong position from which to attack your personal bank accounts and literally "take you to the cleaners".

It is more vital than ever before that we all refrain from making private information available to the public whether on social networking sites, forums or other public access media. It is surprising how much time a fraudster will spend collating information on individuals and whether they actually use this information themselves or sell it on, the dangers are there for all to see.

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