"These Web sites are just bottomless pits of useful information" for phishers, identity thieves and others, said Chris Boyd, security research manager at FaceTime Communications, an Internet security firm. Raiding them, he said, is the equivalent of "Dumpster diving." Link

A good article regarding the perils of Myspace - some interesting facts and figures, along with this (vaguely worrying) quote:

"MySpace now is trying to hire attorneys and additional security experts to make improvements, Nigam said."

...considering the scope of Myspace, shouldn't this sort of setup already be in place?