This document discusses privacy in the context of social networks. It begins by outlining some of the reasons why privacy is important, such as protection from unwanted monitoring, embarrassment, and lack of control over personal information. It then discusses why privacy is difficult to achieve, including technical issues like ease of data collection and inferencing, as well as social and organizational challenges. Specific privacy issues with social networks are also examined, such as managing different personas and risks of social phishing attacks. Potential approaches to designing for privacy are proposed, such as privacy policies, segmentation of users, and raising awareness of information access.