What are some potential risks on social media?

Some risks which business are subjected to while on Social Media:

1. Compliance Violations – It is important that the confidential data or any kind of sensitive data mustn’t be shared over the social media which can violate compliance requirements.
2. IP Data Loss – Some information is strategic in nature, for example: some new product launches which are being develop, details of which are held secretive. Therefore, employees mustn’t share any information about them over the social media platforms.
3. Reputational Loss – Any slanderous remark and distasteful comments by disgruntled employee and customer can cause negative perception about the organization which must be contained.
4. Financial Loss – Employees must refrain from sharing any performance related matter on social media before the information is made public by the company itself as that can lead to insider trading as well as the stock prices may get prematurely impacted.
5. Safety Loss of individuals – No private information related to for example travel of any senior leadership be made public before it has successfully concluded as that can lead to compromising situation and the person’s safety may get impacted.