FDIC on Social Media Risks: “We’re not trying to discourage financial institutions from using social media” Proposed guidance issued by the Federal Financial Institutions Examination Council details how banks and credit unions can prepare to mitigate the new and emerging risks social media poses. Among challenges institutions face: phishing attacks that harm the bank’s brand; misuse of consumer data; privacy; and third-party risks. As more banks utilize social media, they’re faced with compliance issues and reputational risks, Khalil says.”]
Source: https://www.cuinfosecurity.com/fdic-on-social-media-risks-a-5676