We all love to let our friends online know we're heading off to the sun or just we've bought a new car, but what does this mean when we go to claim a burgled house or online fraud?
Anyone burgled after advertising holiday plans on social networks, or scammed after indirectly leaving clues about their accounts and passwords online, could find they are left completely out of pocket. “The words and images you post on the internet can be viewed by hundreds, even thousands, of people and sharing too much information on social networking sites can be a financial disaster.
“This is costing the banking industry so much at the moment that it is an inevitable development that they will get stricter. “One friend of mine recently updated his status to say he was annoyed with his phone network. A hacker could easily use that information to then get hold of your email address and send an email which looks official saying, “we’re sorry you have had a bad experience, please click on this link for some money back”.”. He gives one example of a man who faced losing thousands of euro because he posted a picture of his new car on Facebook.