Social media preying on minds of risk managers
Social media presents significant potential risks to the reputations of European businesses and their protection of confidential information, according to two risk management organisations.
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
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