Social media preying on minds of risk managers

A survey conducted by the Federation of European Risk Management Associations (FERMA) in cooperation with the Institute of Risk Management asked professionals from both organisations which three cyber risks they thought were the greatest threats to business in general and to their own organisations.

For business in general, reputation risk from social media was cited as a material risk by nearly 50% of respondents and loss of confidential information through social media by 20%.

These concerns