Social Media Risk Management Policy

You could spend millions in robust Risk Management Frameworks, but if you ignore what a recently recruited college graduate is posting on Facebook or publishing negatively about your Institute, then you are really not doing much.  All your other efforts are wasted. 

The reputation damage is significant and irreparable when you don’t have a Social Media Policy, employees don’t know the boundaries and Business Units don’t know how much to rely on content on these website for business dealings.

A few posts on Social Media websites like Facebook, Twitter etc have the Government running around and trying to pull these accounts off.  We all know the massive impact of Social Media on the Institute’s reputation, potential legal risks and the employee engagement with the Company. Today, it seems that there is a Black Swan just waiting to be released from the dark rooms of so called “Social Media”. Afterall, Indian population is about 1/5th of the world population so about 20% of all posts on social websites will be by an Indian. Even a single post can be a nightmare for the Board of Directors.

Today, regulators may be behind the pace of social media developments, but sooner than later, global regulators will require the Banks and other institutes to develop a sound Social Media Policy / Social Media Risk Management Policy. After all, a major event on social media can be as devastating to the reputation as a run on the Bank or a liquidity crisis.

Social Media Risk Management Policy - Template

Riskpro India has developed a comprehensive “Social Media Risk Management Policy” that defines the roles and responsibilities, Social Media Risk Management process, social media guidelines, HR policies relating to social media etc. The policy is comprehensive and can be adopted by your firm with little modifications.  It also provides for robust reporting and moinitoring framework of speciifc risks relating to Social media.

Next Steps

Please get in touch with manoj.jain@riskpro.in (Manoj Jain - 98337 67114) if you would like more details and pricing of the “Social Media Risk Management Policy”. The product is priced attractively as off the shelf editable policy format (.docx).   The policy will be emailed for Insitute’s use. You could always develop the policy internally, but the indrect salary costs will be substantial more than our price.

More Info: 
Manoj Jain: 9833767114, manoj.jain@riskpro.in
Tags: 
Tags: 

Other Services of Interest

  • HIPAA Awareness Training (Mandatory) - Riskpro India

    EVENT OVERVIEW: HIPAA stands for the Health Insurance Portability and Accountability Act and is a US regulation that deals with security measures for protecting patient’s medical records. Employees...
  • SEBI's Insider Trading Amendment - Free Webinar by Riskpro India

    Another important compliance topic that kicks off today. SEBI Amendment to Insider Trading Regulations. Join us for an hour to learn the important changes and how to deal with these. Register -...
  • Sox Training

    Our sox training covers the following points. 1. What is SOX? 2. The Act and its Sponsorors. 3. The background for bringing in this act. 4. Major Sections in the Act 5. Section 404 overview 6...
  • EUC Risks : Manage Spreadsheet risks - Riskpro India

    EVENT OVERVIEW Uncontrolled and untested spreadsheet models pose significant business risks. These risks include: lost revenue and profits; mispricing and poor decision making due to prevalent but...
  • 1 Day AML Training by Riskpro India - Mumbai

    Training event in Bangalore on Anti Money Laundering (AML) and KYC “Are we doing enough to protect integrity of Indian financial sector?” Banks face growing costs to comply with AML requirements...
  • Risk Management Software - Riskpro India's solution for Automating Risk Management

    Riskpro India finally offers small and mid enterprises a risk management tool that helps them to manage risks effectively. To request a 30 days trial, please contact info@riskpro.in Why is Risk...
  • EU-US Privacy Shield for Data Transfers

    Come GDPR (General Data Protection Act) and EU-US PRivacy shield will assume more importance. Privacy Shield Overview The Privacy Shield program, which is administered by the International Trade...
  • Reduce your GDPR implementation Costs - Hire GDPR Experts in India

    Reduce cost for GDPR Compliance - Remote Consulting from India GDPR readiness assessment and implementation can be costly. And time is short. Instead of paying premium fees to local GDPR consultants...
  • Riskpro India on top of Emerging Risks that bother you

    Riskpro India is well positioned to offer advisory services for emerging risks such as Data Protection (GDPR), information security, assurance services such as Third party risk management, internal...
  • Go to top