Post by account_disabled on Jan 11, 2024 5:51:07 GMT -5
The risks David Horton, Emily Keenan, Mark Edmonds and Leslie Blix Year Month Day Reading Time: Minutes Topics Management Technology Strategy Financial Management & Risk Social Media Security & Privacy Digital Resilience Today, all business sectors leaders must be able to answer a critical question: How safe are we? This series explores how managers can build digital resilience to compete in the new digital economy, where companies need to protect not only from cyberattacks, but also from technical debt and digital weaknesses within their infrastructure and teams.
For more content in this series, subscribe and share. What to read next: Five key trends in AI and data science in 2020 How developers can reduce AI’s impact on the climate Eight essential leadership lessons in 2020 Tips Five Tips for Improving One-on-One Meetings Social media platforms are invaluable for connecting companies with their customers, the financial community, and the media. Sharing information on social media can Email Lists Database reduce information asymmetry between a company and its stakeholders in a timely manner. However, a number of factors, including a lack of planning, control and training, coupled with the unpredictability of online behavior, can expose companies to considerable risk. Our research found that company managers and internal auditors lack adequate awareness of these risks and should take a more active role in regulating and monitoring social media activity. Ill-advised social media posts and lax oversight can cause serious.
Damage to a company's reputation, trigger investigations by regulators, damage long-term relationships, and introduce cybersecurity threats. Of course, companies and individuals can try to be selective in their disclosures on social media and avoid posting negative information on Twitter. But even positive and well-intentioned posts can lead to negative outcomes. For example, in 2016, the SEC fined CEO Reed Hastings for posting information about the company's impressive video streaming numbers on his personal account. The day after Hastings posted, trading volume increased and the stock price rose. While the information Reed posted online turned out to be accurate, investors
For more content in this series, subscribe and share. What to read next: Five key trends in AI and data science in 2020 How developers can reduce AI’s impact on the climate Eight essential leadership lessons in 2020 Tips Five Tips for Improving One-on-One Meetings Social media platforms are invaluable for connecting companies with their customers, the financial community, and the media. Sharing information on social media can Email Lists Database reduce information asymmetry between a company and its stakeholders in a timely manner. However, a number of factors, including a lack of planning, control and training, coupled with the unpredictability of online behavior, can expose companies to considerable risk. Our research found that company managers and internal auditors lack adequate awareness of these risks and should take a more active role in regulating and monitoring social media activity. Ill-advised social media posts and lax oversight can cause serious.
Damage to a company's reputation, trigger investigations by regulators, damage long-term relationships, and introduce cybersecurity threats. Of course, companies and individuals can try to be selective in their disclosures on social media and avoid posting negative information on Twitter. But even positive and well-intentioned posts can lead to negative outcomes. For example, in 2016, the SEC fined CEO Reed Hastings for posting information about the company's impressive video streaming numbers on his personal account. The day after Hastings posted, trading volume increased and the stock price rose. While the information Reed posted online turned out to be accurate, investors