Therefore, I made some research and I found out that there are three important methods about how someone can hack Myspace: using spy software, phishing and social engineering technique.

Spy software

It’s a very easy method but the difficult part become in finding the right application. These spy software are called key-loggers and can be hardware and software. The hardware key-logger is a device plugged inline between keyboard and computer, while software key-logger is an application that runs in stealth mode. Both are recording keystrokes and are sending reports with the activity to a specific e-mail address.
If you have no physical access to the specific computer, then you can use remote key-logger, which can be sent by e-mail as an attachment to a file. The installation starts automatically (in stealth mode) when the person in cause downloads the attachment.

Phishing

Phishing is about luring people to a fake MySpace login page. They are entering their login information into a page that is not the real MySpace, which is recording the information and sends it to your e-mail address or saves it in a .txt file. Especially the spammers use this method.

Social engineering

Social engineering is about manipulating people to divulge confidential information. This is not an ethical way to get someone’s password but there are many examples given in this direction.

There are many other tools and methods to hack a MySpace account but the majorities base on the three great categories mentioned above. Some people / teens find it easier to pay someone to hack an account, of course for a significant reward.