MySpace has become a huge target for phishing, and a 95% increase was observed in the past three months.
While phishers usually target sites like PayPal, eBay and those used for online banking, they've moved rapidly into MySpace, and leveraging MySpace users to spread phishing tools, granting access to other users by way of links on friends' pages. While some of this phishing took place to obtain financial information, the main source of revenue for a phisher was in advertising revenue for those companies utilizing the illegal access to post marketing campaigns on bulletin boards.
It's a huge problem, of course, made even worse by the fact that many phishers are getting password information from social networking sites such as MySpace, and trying these obtained passwords for access to accounts that do hold financial information, which offers up other personal information, such as your credit card number.