Sunday, January 2, 2011

How to Beat the Online Scammers

By JENNIFER WATERS
Wall Street Journal

Your pet's name is a fraudster's best friend.

You may think you're giving up precious little when you tell your Facebook friends that you're dressing your pooch, Puddles, in your favorite color, red, for brunch at Grandma's on Sunday. But you've actually just opened a Pandora's box of risks.

The information consumers willingly, and oftentimes unwittingly, unleash on social-media websites sets off a feeding frenzy among fraudsters looking to steal everything from your flat-screen TV to your identity.

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