News & Analysis as of

The Cost of Poor Social Media Compliance Training? $3.5 Million

Did you know that a company loses an average of $3.5 million from one social media incident? Here is the breakdown: direct financial costs ($641K), reputation damage ($638K), lost revenue ($619K), reduction in stock price...more

Social Media Risk: Forget the Constraints and Open the Employee Conversation

By now, we all have at least one example of how social media can turn into a double-edged sword for organizations. Personal favorites include the SEC’s investigation (and ultimate non-action) regarding Netflix CEO Reed...more

Popular Reads on Social Media & the Law

There's much to be sorted out at the intersection of social media and the law, as evidenced by the following collection of popular reads on JD Supra....more

Social Media a Risk Management Tool?

I recently read an article titled “When ‘Liking’ a Brand Online Voids the Right to Sue,” written by Stephanie Strom of the New York Times, that reported an interesting change in the way manufacturers are dealing with...more

FFIEC Social Media Guidance Addresses "Reputational Risks" from Social Media

Financial Institutions Should Develop Policies and Practices to Address and Monitor Reputational and Operational Risks - On December 10, 2013, the Federal Financial Institutions Examination Council (FFIEC) issued its...more

Are You A Financial Institution Offering Services Through Social Media? Read This

The Federal Financial Institutions Examination Council (“FFIEC”) issued final Guidance on December 11, 2013 concerning the risks faced by banks, savings associations, and credit unions when offering their services through...more

The NAVEX Global Top 10

With 2013 coming to an end, we've gone the extra mile to compile the 10 most valuable resources from the past year. There's something here for all types of ethics and compliance professionals - we hope you enjoy the issue!...more

FFIEC Issues Guidance Concerning Applicability of Federal Consumer Protection and Compliance Laws, Regulations and Policies to...

On December 11, 2013, the Federal Financial Institutions Examination Council (the “FFIEC”), on behalf of its members (the OCC, FRB, FDIC, NCUA and the Consumer Financial Protection Bureau (“CFPB”)), released final guidance...more

Social Media: Consumer Compliance Risk Management Guidance

On December 11, 2013, the Federal Financial Institutions Examination Council (FFIEC) released final guidance (“Guidance”) on the applicability of consumer protection and compliance laws, regulations, and policies to...more

Key Considerations: Using Social Media to Promote Ethical Practices

NAVEX Global and PwC recently sponsored a groundbreaking study from the Ethics Resource Center around Social Networking in the workplace. There was a lot covered in the study, so we’ve put the results in context for ethics...more

Social Media Risk Management Toolkit

Explore four areas key to managing social media use by employees in your organization. Craft a best practice social media policy, navigate thelegal landscape, and view examples of organizations that have established social...more

Risk Management in Social Media

Two stories playing out today have our attention for similar reasons. Both examples relate to the influence of social media, namely Twitter, as a function of risk management....more

BANKING AND FINANCIAL INSTITUTIONS CLIENT UPDATE: Emerging Thoughts and Reactions to Federal Financial Institutions Examination...

On January 22, 2013, the Federal Financial Institutions Examination Council (FFIEC) released proposed guidance regarding the use of social media by federally regulated financial institutions. ...more

FFIEC Proposed Guidance on Social Media Risk Management: Practice Points for All Organizations Using Social Media

Organizations using social media are confronted with an ever increasing challenge of social media risk management. To help financial institutions identify, measure, monitor, and control such risks, the Federal Financial...more

FFIEC Asks for Feedback on Social Media Proposed Guidance

The Federal Financial Institutions Examination Council (FFIEC) is seeking feedback on proposed guidance to help financial institutions manage the risks of interacting with consumers through social media....more

Federal Financial Institutions Examination Council (FFIEC) Releases Proposed Guidelines for Use of Social Media by Financial...

On Tuesday, January 22, 2013, the Federal Financial Institutions Examination Council (FFIEC), an interagency body formed to develop uniform supervisory principles and standards on behalf of six federal agencies that regulate...more

FFIEC Proposes Supervisory Guidance for Financial Institutions Using Social Media

The Federal Financial Institutions Examination Council (the “FFIEC”) has proposed supervisory guidance addressing the applicability of federal consumer protection and compliance laws, regulations, and policies to activities...more

Proposed FFIEC Guidance on Financial Institution Social Media Use

The Federal Financial Institutions Examination Council (FFIEC) released for comment on January 17 its proposed Social Media: Consumer Compliance Risk Management Guidance. There is a 60-day comment period. The purpose of the...more

18 Results
|
View per page
Page: of 1