cyber-squatting

Social Networking allows Business ID Fraud

Social Networking allows Business ID Fraud

Businesses using social networking sites such as Facebook and Twitter do not have enough protection against damaging “cyber-squatters”, online business network Ecademy has warned, writes Kate Horstead. According to Ecademy, fraudsters are taking advantage of inadequate verification procedures on some social networking sites, and cyber-squatting. This is a process where fraudsters set up accounts with similar names to existing members, and use them to express opinions or release false information that can damage that individual’s reputation. “With the rise in cases of identity theft across the web, anonymous abuse and cyber-bullying, online networkers need reassurance that social networks are doing everything they can to ensure the web is a trusted and safe place to ... »