Social Networking Risks

Answered by:

Question:

We are looking at using social networking for our bank. What are some risks to evaluate?

Answer:

You should include:
Compliance
Third party content (who will say what to you and about you)
COPPA & Privacy
Reputation
Malware, customer identification
Internal risks for employee use
The unknown - Social Networking is new, there are no laws or regulations specific to it, but there are some court cases especially from an HR perspective

First published on BankersOnline.com 10/10/11