CNet is reporting that Facebook has banned the "Top Friends" by Slide because it violated the app agreement. The installed application would apparently bypass information a user set to private. CNet found the error and reported it to Facebook. The Social Media giant then suspended the app from running on the site.
There have been a couple other applications that have had security issues, like Super Wall and SuperPoke. Both issues were resolved quickly. I am guessing the Slide apps could not be.
MySpace also has Slide applications on their site. CNet contacted them and they are looking into the matter.
It really is a "Too many Chefs in the Kitchen" scenario here. All it takes is either one mistake of code, or someone like Facebook to make updates that could change the way an application works with the site. Not sure what the case was with Slide. Maybe it's a bigger fix than just plugging a hole, maybe the company was using your information in the wrong way.
I have a Facebook profile (add me as a friend), and I did have this application. My profile is open to all so I didn't notice the problem. I have some other applications on there, too (Feel free to send me a hug or a plant) and new apps appearing daily from friends. I have even went to the extreme as to not accept new applications. It not only clutters up the page but you also don't know what could become a security hole.
Bottom line - a site like this invites error because so many can contribute. Limit the applications and watch those apps you decide to install. Importantly, just because an app looks safe now doesn't mean in 3 months wont have a gaping security hole to it. One small "fix" to the app or to Facebook or MySpace can change all that.
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