According to Investor’s Business Daily, evil is sweeping social networks, moving beyond email and blogs to where you like to virtually hang out and congregate:

Security experts last week warned that a new strain of the Koobface virus is hitting Facebook, MySpace and other social networking sites. It looks for links and passwords to other social networking sites.

Social networking site owners work actively to put a lid on nefarious activity. On Tuesday, a federal judge in northern California issued a temporary restraining order against three people accused of widespread spamming and phishing attacks on Facebook. It comes three months after Facebook won a suit that prevents another group of spammers from using or accessing Facebook data and applications.

Virus creators are increasingly targeting social networking sites and other Web 2.0 technologies such as the micro-blogging site Twitter and instant messaging services from Google, AOL and others. Virus writers are also creating fake profiles of celebrities, real friends or business associates hoping people will link with them. Users can be tricked into linking to the fake profile, which can be loaded with various forms of malicious software.

The article by Brian Deagon showcased Facebook users who responded to an email from a “friend on Facebook” to visit a link that initiated a program that “rifled through his hard drive, installed malicious software and sent the same e-mail to all of Daradics’ friends on his Facebook profile.” [Read more…]