Facebook held their big F8 summit in San Francisco this week where Mark Zuckerberg made several big announcements. The first change is in regards to the Facebook fan page. No longer will users become a “fan” of brand, band, movie, etc. You will simply decide whether you “like” or “dislike” something.  According to Zuckerberg, the new “like” button will  initiate over 1 billion likes from users in the first 24 hours.

What Zuckerberg failed to discuss was the privacy issues facing Facebook and other gaming companies like Zynga and RockYou. Cybercrime is on the rise and Facebook is one big fat target.

In a new Verisign investigation, titled “weekly threat report,” they discovered one individual on the underground market to have 1.5 million Facebook accounts for sale.

Here’s an excerpt from the report, and a brief FAQ on the underground ad.  On Feb. 10, 2010, (cybercriminal) stated that he or she is selling 1.5 million compromised Facebook accounts, in bulk quantities, belonging to users in various countries. The price per 1,000 accounts varies based upon the number of friends and contacts that each account possesses.

Why would they want access to your Facebook account? For millions of reasons. They want to exploit that established bond of trust, also everyone announces what they’re doing every five seconds. It’s a pool of fun for criminals who want to commit identity theft, would be robbers, stalkers, you name it.

In the future, people should think twice about what information they disclose to their network friends, in this case it’s better to be safe then sorry. Otherwise those billion messages sent everyday may include your personal details.

Written by

Jacy Nova

Jacy Nova is the resident Astrologer and Managing Editor for Astrochicks.com. Born under the zodiac sign of Virgo, she has a Libra Rising and Libra Moon.