FFIEC Issues Final Guidance on Social Media Risks

After almost a year as proposed guidance, the FFIEC issues their final Social Media guidance this week. An excellent overview was presented in Bank Info Security as relates to the impacts, shortfalls (from an internal security bias) and the new guidance requirements and expectations, but what is clear is that all institutions have responsibility for Social Media, whether they use it or not as part of their business practices. The requirements are spelled out, and again policies and procedures for monitoring of Social Media detail FI responsibility, without defining the mechanism for compliance. We believe we have the solutions required to demonstrate and attain full compliance with this expanded responsibility, as we have announced with our recently announced Social Media and Customer Complaint outsourced monitoring services.

FFIEC Clarifies Social Media Risks

Social Media: Consumer Compliance Risk Management Guidance

Share this post

Share on facebook
Share on twitter
Share on linkedin
Share on email

Check out some more great content.

Schedule a demo today.

Webinars are held weekly and scheduled to accommodate your needs. Give us a date and time and a VendorInsight® representative will contact you to confirm your request.