Research from Capital One done for the National Identity Fraud Prevention week shows that 60 million social networking profiles have been subject to unauthorized access in the last year. Capital One has labeled this as 'smugging' - social media mugging.
Facebook led the way with incidents of smugging, with Twitter and LinkedIn having fewer incidents. Although the only work-related consequences surveyed were "getting in trouble" and being "passed over for promotion", smugging should be considered a much higher threat, particularly in the corporate environment.
Corporations should consider the following repercussions of smugging:
A strong set of polices and processes should be developed for social media / social networking. Some great advice can be found here.