FERMA Press Release (23 October 2011)

Social media and the potential they pose to reputation risk and protection of confidential information are significant risks to European businesses, according to a survey by the Federation of European Risk Management Associations in cooperation with the Institute of Risk Management (IRM).

Risk professionals from both organisations were asked which three cyber risks they thought were the greatest threats to business in general and to their own organisations. A total of 186 replied to the online survey during August and September (2011) intended to inform the two organisations’ discussion about risks of the virtual world.

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