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FFIEC Clarifies Social Media Risks

FFIEC Clarifies Social Media Risks: Final Guidance Addresses Payments, Third-Party Management. The Federal Financial Institutions Examination Council issued a final version of guidance on social media policies and practices this week. The guidance is focused on consumer risks, not risks to bank employees, a security expert says. Privacy is a concern anytime banking institutions use social media for correspondence about or with consumers. Financial institutions’ Financial incident response protocol regarding social media should include social media, it says.”]

Source: https://www.cuinfosecurity.com/ffiec-clarifies-social-media-risks-a-6289

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