Social networks have become integral to our daily lives, facilitating connections, information sharing, and community engagement. However, concerns regarding privacy and security have emerged with their widespread use. This paper delves into specific privacy risks associated with social media use, including data breaches, identity theft, and cyberstalking. The analysis extends to various security measures, such as encryption protocols, two-factor authentication, and advanced browsing techniques to enhance user protection. In our study, 78% of users reported experiencing specific privacy issues, shedding light on the prevalence and nature of challenges individuals face on social media platforms. These issues encompassed data breaches, identity theft, and cyberstalking, underscoring the urgency of addressing these concerns. Moreover, our research explores strategic approaches for social networks to mitigate these challenges. This involves implementing stringent data protection policies, increasing transparency regarding data usage, and empowering users to exert greater control over their personal information. Beyond academic inquiry, the practical implications of addressing these issues are significant, as they directly impact the security and well-being of social media users. This paper provides a comprehensive overview of the current landscape and emphasizes the importance of proactive measures for safeguarding user privacy and security on social networks.