How Social Media Networks Protect Your Privacy: Stats and Facts

Social media networks like Facebook, Twitter, and LinkedIn are growing. Many of us using social media today as it allows us to communicate, network, and share contents with ease.

Most of the young people are addicted to social media as the platforms are so much fun, easy to meet and make new friends, sharable, and great for keeping in touch.

While social networking sites are awesome and fun, they’re also a boon for hackers who are looking for harvest personal information.

Cybersecurity stats and facts in 2018

According to Phreedom Technologies: There are 15 Alarming cybersecurity stats and facts in 2018;

  • Cybercrime damage costs to hit $6 trillion annually by 2021.
  • Cybersecurity spending to exceed $1 trillion from 2017 to 2021. More developments are focusing on preventing cyber attacks increasing the industry of cybersecurity daily.
  • MyDoom is considered to be the most expensive virus in the world, and in cybersecurity history, having caused an estimated financial damage of $38.5 billion!
  • Social media hackers. Currently, according to in-depth statistics, there are more than 3 billion active social network users worldwide. They use links on social media to direct you to download a virus, these links may be disguised as ‘like’ buttons or links to other pages. Attempts are also made to acquire information through social media such as usernames and passwords.
  • 43 per cent of cyber attacks target small businesses.
  • 99% of computers are vulnerable to exploit kits. Oracle Java, Adobe Reader or Adobe Flash is present on 99% of computers. That means that 99% of computer users are vulnerable to exploit kits (software vulnerabilities).
  • Hackers Attack Every 39 Seconds.
  • One in Three Americans Hacked in the Past Year.
  • 64% of companies have experienced web-based attacks. 62% experienced phishing & social engineering attacks. 59% of companies experienced malicious code and botnets and 51% experienced denial of service attacks.
  • Average time to detect a malicious or criminal attack by a global study sample of organisations was 170 days.
  • Only 38 per cent of global organisations claim they are prepared to handle a sophisticated cyber attack.
  • 98% of tested web apps are vulnerable to attack.
  • Online banking fraud increases 48% year-on-year.
  • The percentage of malware payloads that were ransomware dropped from over 70% in June 2017 to less than 5% in December.
  • 69% of organisations don’t believe their antivirus can stop the threats they’re seeing.

How social media networks protect your privacy

Participating in online social networking sites leave a trail of personal information that can make stealing your identity a whole lot easier.

This break-down of each social media networks like Facebook, Twitter, and LinkedIn by Varonis give you more details about how their teams are protecting our privacy each day. See the infographic below:

9 Tips to protect yourself for safe social networking

Concerning your social media privacy, you can protect yourself for safe social networking. Here are 9 useful tips to help you enjoy social media without worry of your safety.

  1. Set up two-factor authentication.
  2. Avoid sharing your whereabouts, personal information, home address, financial information, a photo of your ID or passport or boarding pass, and any sensitive information.
  3. Check out before accepting an invitation from strangers who may invite you to join their networks.
  4. Be aware of links, if the content or language is sound too good to be true.
  5. Control who can see your post if it is a privacy concern.
  6. Always install the updates.
  7. Don’t store a password on web browsers.
  8. Install antivirus software and keep it up to date.
  9. Don’t forget to Log-off when you’re done.

Conclusion

Social media networks have both good and bad side that users need to be aware of. Protect yourself by setting a privacy on each social media platform and keep in mind security while enjoying your social media lifestyle.

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