Small business heads-up — a view from a peer level of where we are headed in risk management necessities.
Excerpt: Social media is already recognized as the fourth-largest source of risk over the next three years, according to a recent report from Deloitte and Forbes Insights, “Aftershock: Adjusting to the New World of Risk Management.” This puts social media on par with financial risk. Executives interviewed for the report indicated that the social media risk is rising, and they worry about cyber attacks, breaches of confidentiality, fast-spreading malicious rumors about the company, as well as financial disclosures. “Everybody is walking around with a smartphone, and things can be captured and digitized instantaneously. Once digitized, social media can spread information like wildfire,” says Rick Kulevich, senior director of ethics and compliance at CDW.
Read full article via Social Media Risk Is Like Wildfire. Where’s the Fire Engine? – Forbes.