Three dangers of posting information on social media websites.
Negative comments about your company could cost you a job.
Debt collectors use social media to glean information about debtors.
Scam artists may use personal information to set up schemes.
Andy Beal, CEO of the social media monitoring platform Trackur.com, says jobseekers should assume potential employers will do a Google search of candidates' names.
Social media profiles typically appear near the top of the search page.
Social media has become a key tool for collection agencies trying to track down debtors, says Michelle Dunn, CEO of the American Credit and Collections Association and author of "Do's and Don'ts of Online Collections Techniques."
Social media sites ask for, and often get, a large amount of personal information from users. Unfortunately, identity thieves may use that information to perpetuate scams, especially if you use personal information when creating security passwords, McCarthy says.
Link:
http://www.bankrate.com/finance/personal-finance/3-financial-dangers-of-social-media-1.aspx