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What we can learn from the "Get Transcript" scam

According to the IRS, the cyber thieves who stole tax return information from 100,000 Americans via its "Get Transcript" application may have used social media to get in the door.

These criminals may have been able to figure out answers to security questions like the name of a first pet, or mother's maiden name, using data that people readily share today with friends on social media sites, such as Facebook.

Less is more (secure)
If one of your Facebook friends can answer your security questions, then you may be over-exposed, according to Alex McGeorge, head of threat intelligence at Immunity Inc., a cyber security firm based in Miami, Florida.

He said social media users should use privacy options to control what's shared with friends and what's shared with the public. The fewer peoples who know what you are up to on a daily basis, the more secure you'll be.