Social Networks Starting to Implement Bank Level Security Protocols

Security on social networks has become a legitimate concern for social media users. According to a survey by research firm YouGov, 35 percent of Russian social media consumers admitted their accounts had been hacked -- more than three times the rate of hacking reported by respondents in the US, UK and Brazil.

As social media has become more a standard form of communication, hack attacks have also increased. In just the last few months there were instances of hacking Twitter accounts, accounts for the social sharing app Buffer and the Google servers in Malaysia were hacked.

Indeed, security on social networks has become a legitimate concern for social media users. According to a survey by research firm YouGov, 35 percent of Russian social media consumers admitted their accounts had been hacked — more than three times the rate of hacking reported by respondents in the US, UK and Brazil.

Thorsten Trapp, CTO for mobile messaging operator Tyntec, attributes this mostly to looser government regulation.

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