Facebook

Cybercriminals will no doubt, begin sending out emails over the next few days that look like Valentine's Day greeting cards, which contain a malicious link or attachment.

More than 40 million pieces of malware have been identified by PandaLabs and 55,000 new samples are being identified each day, many on social networking sites, the report states.

Facebook plans to refine its privacy safeguards in response to concerns by Canada's privacy commissioner.

A new round of rogue Facebook applications sends notifications that lead users to phishing sites.

Facebook has been accused of violating California privacy laws and seeking to "disseminate private information to third-parties for commercial purposes."

The number of new variants of Koobface, a social networking worm that installs a trojan on victim machines, has skyrocketed during the month of June. According to Kaspersky Lab, the number of Koobface strains rose from 324 at the end of May to nearly 1,000 by the end of June. The worm, which spreads to friends in the form of an invitation to view a video, affects mostly Facebook and MySpace users. Recipients are asked to install a bogus Adobe Flash Player update to view the purported video, but doing so actually installs the trojan, which then spams the same same invite to freinds and can steal data or change DNS settings. — DK

Facebook launched a new iteration that makes it easier for users to customize their privacy settings as they send out content.

Another day, another social-networking threat -- this one involving the potential of information disclosure on Facebook.