Security firm Sophos said its latest research into social networking found that 63% of system administrators worry that employees share too much personal information via their social networking profiles, putting their corporate infrastructure – and the sensitive data stored on it – at risk

The findings also indicate that a quarter of businesses have been the victim of spam, phishing or malware attacks via sites like Twitter, Facebook, LinkedIn and MySpace.

With social networking now part of many computer users' daily routine – from finding out what friends are up to, to viewing photos or simply updating their online status – Sophos experts note that unprecedented amounts of information is updated every minute.

Frequent use of social networking sites makes them a prime target for cybercriminals intent on stealing identities, spreading malware or bombarding users with spam, Sophos said.

So I guess what they are also saying is that applications such as TwitPay need to be enhanced.  I think we can help Amazon with that. 

Keep in mind, just because Sophos is warning about the security risks of social networking sites doesn't mean they are going to be targeted by Hackers or utilized for phishing attacks. 

Does it?  We'll see.  Stay tuned.  I've got some insider information that both incidents will be covered by the PIN Payments Blog within the next hour and a half!  Click the "Follow Me on Twitter" graphic above right to stay up to date.

Until then, you may read the above article in it's entirety here