You are here: Home - Saving & Banking - News -

The dangers of oversharing on social media revealed

Written by: Paloma Kubiak
By giving away too much personal information on social media, 21 people a minute are targeted by fraudsters in the UK.

More than a third of posters (39%) have experienced fraudulent activity because they’ve given away too much on social media.

But a quarter (26%) didn’t realise they’d been targeted by fraudsters and one in five didn’t do anything about it. In fact, almost a third just ignored it, according to Get Safe Online.

As part of this year’s Get Safe Online campaign which runs this week, it’s urging people to be aware of what they share as Brits seem to be unclear on what constitutes oversharing online, as well as the consequences.

By using social media to post a location tag, show off about your holiday, let people know about major life milestones such as buying a house or to brag about a new purchase such as a car, this can open you up to identity fraud, theft and privacy invasion.

Tony Neate, CEO of Get Safe Online, said: “People are increasingly oversharing on social media and apps without thinking about the consequences, which is why this Get Safe Online Week, we’re reminding you that you don’t always have to give everything about yourself away on social media or your apps.

“Seemingly harmless posts, photos and details in your profile could actually leave your privacy exposed. An innocent location check-in or a photo of your new driving licence for example could be invaluable to criminals, who are expert at putting together snippets about you to build a bigger picture with a view to defrauding you or stealing your identity.

“Think through not just what you’re sharing but who you’re sharing it with. For instance, if you have an open social media account, you’re sharing with the whole world, not just with the people in your own groups. Even if it’s set to private, you can’t be sure it hasn’t been passed on.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Unfamiliar banks woo savers with top rates…is your money safe?

If you’ve been keeping an eye on the savings best buy tables, you’ll have noticed some unfamiliar names lu...

What the base rate rise means for you

The Bank of England has raised the base rate by 0.25% to 0.5% – following on from the increase from 0.1% to ...

How to get help with your energy bills

The rise in the energy price cap from April will mean millions of households will pay hundreds of pounds a yea...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week