Social Media Friend or Foe?

Until yesterday, I would have said a resounding Friend.  However, yesterday someone inserted a porn site on my Facebook timeline, which sent it out to all of my friends.  Thankfully, one of my friends contacted me to let me know that my Facebook account had been hacked.  I immediately logged into Facebook and removed the site.  But, I am afraid that damage was done to my friends and family.

Despite this set back to my Facebook account, I still love the community that Facebook creates for all of us.  It allows me to keep in touch with family and friends spread throughout the US.  Also, it has allowed me to meet people all over the world, and find out how much we have in common.  I still consider Social Media a friend, but I am more cautious now.  What has been your experience with Social Media?