
The daily deals service LivingSocial has been hacked and will begin sending notifications out to users this afternoon. Fifty million of the company’s 70 million users were affected.

The daily deals service LivingSocial has been hacked and will begin sending notifications out to users this afternoon. Fifty million of the company’s 70 million users were affected.
Find out how to use Google Tools to manage social media content and campaigns in our Social Media Marketing Boot Camp, an interactive online event starting June 6. Monica Morse (left), head of social & SMB solutions at Google, will familiarize you with a wide range of Google tools such as trends, Google+ and Hangouts. Learn more about our our twelve event speakers and register here. 
With the all-digital currency bitcoin rising in value, hackers have redoubled their efforts to get at the money. Earlier this week, they hacked into a bitcoin bank. Today, Kaspersky Security reports that a malware scheme on Skype is taking over users’ machines to help them hunt for the currency online.

In an eerie echo of a data breach that occurred over the summer, Dropbox users have reported receiving spam at email addresses they use exclusively for the cloud storage service, starting about two days ago.

For the third consecutive Friday afternoon, a major tech company has revealed that it was hacked. Today, it was Microsoft’s turn.

Few facts, but many assumptions, have emerged since Facebook revealed on Friday that it had been hacked. SocialTimes asked Facebook for further details, but was pointed to the same blog post we’d already reported on. So we’ve scoured the news reports to see what’s in them. Sadly the facts are few: Both Facebook and Apple claim staff laptops were infected by visiting a site on mobile development. The malware argeted Java plug-ins running in the browser.

It’s been a productive few months for hackers. Maybe it’s the summer months that keep them indoors, away from the mobs of society roaming the summer streets. Whatever the case, after a big hack on LinkedIn and eHarmony, a new hacker site called D33D has posted 453,000 login credentials that seem to originate from the Yahoo website. The hackers intended for this to be a “wake-up call” to Yahoo to improve their security. What a caring bunch of hackers!

A Norwegian website has reported that 6.5 million encrypted LinkedIn passwords have been hacked and exploited, and LinkedIn users should immediately change their passwords. Some security conscious users have checked the passwords and identified that their own password was among the list – a sign of the likely authenticity of the hack.

During the recruiting process, some employers will ask potential employees for access to their social media accounts to get more information about them. Nearly all applicants “agree to this voluntary review, because they need or want the job.” But is this fair? A new infographic examines the problem.
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Viacom Wins Reversal in Landmark YouTube Case (Reuters)
A U.S. appeals court dealt Google Inc a major defeat by reviving lawsuits by Viacom Inc, the English Premier League and various other media companies over the use of copyrighted videos on Google’s YouTube service without permission. Bloomberg Viacom sued in 2007, seeking $1 billion in damages and claiming that YouTube users were illegally uploading thousands of videos of Viacom television programs, such as South Park and The Daily Show With Jon Stewart, and movies from its Paramount Pictures studio. ZDNet The case translates to putting the burden of responsibility back on the website owner, rather than the uploader, which could send massive ripples through the online community from search engines to social networks, like Facebook and Google+. Gizmodo The outcome of the case will hinge entirely on whether YouTube “knew” that all of this copyrighted material was out there and what “knowing” actually means. Read more

Social media is more popular than ever but unfortunately, so are viruses, malware and scams. For this reason, it’s more important than ever before for social media users to familiarize themselves with the basics of online security.