Facebook CTO Bret Taylor responded to the oft repeated maxim ("meme" is what he called it) that Facebook privacy settings are needlessly complex by asserting that "the majority of people on Facebook have modified their privacy settings" in a conversation with John Battelle at Web 2.0 Summit today.

"If you talk to college students they know what their parents can see, they know what their ex-boyfriend or ex-girlfriend can see." (I heard a "Yeah right" emanate from the audience when he said this) [...]

Read More: Most People Have Changed Their Privacy Settings On Facebook, Says Facebook CTO

Do you read every single "Terms of Service" you come across before clicking "I Agree" to? If you're anything like me, the answer is no. In fact, I've agreed to hundreds since I first started using AOL 14 years ago, but I haven't read one. Should we be more careful?I try to align myself with respectable websites — using services that many others use. And this leaves me with a sort of "someone else will catch it if something's wrong" mentality. So far (I think) that has worked out okay.But a [...]

Read More: 10 risky default settings in social media that you need to check