This is an interesting attack on the database of Monster. Com. Probably not the pinacle of social networking software, but it uses the same technologies.
http://news.yahoo.com/s/afp/20090127/wl_uk_afp/britaincomputercrime;_ylt=AlgibDo0VZoXOPltwMeIVd5vaA8F
Notice while the information stole wasn't necessary critical, it could still be used for other types of attacks. The article reference phishing attacks. Which is a form of social engineering.
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