5 Common Risks of Social Media Use and Corporate Compliance

5 MOST COMMON RISKS OF SOCIAL MEDIA USE AND CORPORATE COMPLIANCE Social Media content now being used as potential evidence discovery in enforcement proceedings & litigation 20% Employee violations are the biggest concern: Firms investigated their employees for Sharing Company Data Sharing offensive or obscene content Sharing trade secrets and other valuable intellectual property f ewitker Disclosing confidential information Involuntary scanning of Social networking sites 92% People worried about identify theft Grading the top social networks for privacy controls, Facebook got the worst rating with 51%. Twitter came in second with 30%. f29 Cwizker 51% 30% 60% Of social media users spend at LEAST 30 minutes a day on these sites while at work. SOCIAL MEDIA CAN BE VERY EFFECTIVE ON-RAMP FOR MALWARE ATTACKS, NETWORK BREACHES & INTELLECTUAL THEFT 573% Employees shared too much information on social websites Companies are concerned about losing profit and productivity $65,000 BUSINESS LOSS PER YEAR through staff using social media websites for personal purposes during office hours. 26.7% 25% 25% of businesses do not allow social media use at work and 26.7% only allow certain employees to access social sites SHARING COMPANY DATA So... Would it not be better for companies to embrace this phenomenon, use it to their advantage by identifying a social media policy rather than running scared? twitter 25% 17% www.click4compliance.com