IT Examiner School, Providence, RI

Mitigating Social Media Risks

 Financial Institutions should do:  Strategic Planning- FI wide  Perform a Risk Assessment (GLBA) based on actual and planned uses  Implement appropriate controls  Staff education  Appropriate oversight  Know applicable laws and regulations

FI Social Media Controls

 Policies/procedures  All aspects of SM used  IT Resources  Where are they located

 Who is responsible  IT controls in place

 Staffing

 Responsible Individual(s)  Reporting Structure  Appropriate knowledge