PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Financial Services Roundtable Release Guide to Risks in Social Media

By Mercator Advisory Group
July 18, 2011
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Currency symbol on bright blue for financial business background

The BITS organization, the technology policy division of the Financial Services Roundtable, has released its comprehensive study of risk and compliance issues associated the use of social media by U.S. financial services firms.

The 71 page study is a very useful compilation of the factors that financial firms (banks, insurers, and investment companies) must consider.

Tables in the appendices are particularly useful as summaries and checklists, covering not only compliance questions but also legal, operational, and reputational risks.

According to the BITS press release:

“

Financial services security, technology and communications executives developed the paper to assist financial services companies with potential social media compliance, information retention, and hiring issues, and with security risks that range from reputation threats to phishing and social engineering exploits.

The link to download the BITS Report is appended below.

Financial firms should consider this a valuable companion to literature on social media strategies and implementations, including Mercator’s February 2011report “Be SMART About Social Media,”

and the April note on “Twitter Among Large Banks: Still At The Learning Stage.”

Mercator Links: http://www.mercatoradvisorygroup.com/index.php?doc=Banking&action=view_item&id=571&catid=17

http://www.mercatoradvisorygroup.com/index.php?doc=Banking&action=view_item&id=590&catid=17

Realted URLS:

http://www.bits.org/downloads/News/BITSSocialMediaPaperRelease071111.pdf

http://www.bits.org/downloads/Publications%20Page/BITSSocialMediaRisksandMitigationPaperJune2011.pdf

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: Social Media

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    commercial card, Allpay ClearBank Prepaid Payments, wealth transfer

    How Banks Can Capture the Wealth Transfer from Boomers to Gen Z

    June 20, 2025
    embedded lending

    Embedded Lending as a Growth Strategy for ISVs—How to Maximize Revenue Potential

    June 18, 2025
    merchant ai

    Merchants Find More Use Cases for AI Amid Risks

    June 17, 2025
    prepaid payroll

    Taking the Check Out of Paycheck: The Role of Prepaid in Payroll

    June 16, 2025
    Banking-as-a-service BaaS

    Remodeling Main Street: How Community Banks Can Leverage the Banking-as-a-Service Paradigm

    June 12, 2025
    How Employee Performance Enhances the Customer Experience

    Three Strategies to Maximize Loyalty in the AI-Driven World 

    June 11, 2025
    PFM tools

    How FIs Are Cutting Through Subscription Clutter with PFM Tools

    June 10, 2025
    child identity theft

    Stranger Danger: Protecting Your Children from Identity Theft

    June 9, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result