SlideShare a Scribd company logo
Social Media Compliance: Imperative for
Brand Protection in the Digital Era
with Rachel Strella
www.strellasocialmedia.com
Today’s Agenda
The Impact of Social Media on Brand in
the Digital Era
Is Social Media Monitoring a
Continuous Task
Guidelines to Verify Social Media
Compliance
Part I: The Impact of Social Media On
Brand In The Digital Era
Impact of Social Media in Digital Era
Social media is a two-way form of communication
Impact of Social Media in Digital Era
Communication in real-time poses a challenge
Impact of Social Media in Digital Era
Social media presents unique risks
Impact of Social Media in Digital Era
A social media policy is necessary
Impact of Social Media in Digital Era
Practical and positive use of live communication
Impact of Social Media in Digital Era
Fun use of live communication
Impact of Social Media in Digital Era
The downside of real-time communication
Impact of Social Media in Digital Era
Real-time communication is instant
Impact of Social Media in Digital Era
Human errors occur with live communication
The biggest risk is doing nothing
Impact of Social Media in Digital Era
Part II: Is Social Media Monitoring
A Continuous Task
Risks
• Compliance
• Reputation
• Fraud and brand identity
• Third party
• Employee
• Privacy
• Operational and security
Is Social Media Monitoring Continuous
From July 2013 to July 2014, the average
Fortune 100 firm had…
• 320 social media accounts
• 500,000 posts
• 1,159 employees posting
Is Social Media Monitoring Continuous
Assuming one minute of review per message,
the average Fortune 100 company would spend
8,333 hours per year on a compliance review.
Is Social Media Monitoring Continuous
Banks using social media
for consumer complaints
Is Social Media Monitoring Continuous
New rules from FFEIC:
A financial institution should have a risk
management program that allows it to identify,
measure, monitor, and control the risks related
to social media.
Is Social Media Monitoring Continuous
Failing to monitor social media posts could
also result in some serious consequences
Is Social Media Monitoring Continuous
Part III: Guidelines to Verify
Social Media Compliance
It’s critical to establish a risk management program
Compliance Guidelines
A risk management program should include:
Compliance Guidelines
• Roles and responsibilities
• Policies that address risks
• A process for managing third party
providers
• An employee training program
• A process for monitoring social media sites
• Audit and compliance functions
• Reporting standards
Companies with the right solutions can utilize
social media in a secure environment
Compliance Guidelines
Real-time monitoring technology can:
• Monitor networks
• Capture conversations about the company
• Trace and report customer complaints
• Set keyword searches and post limits
Compliance Guidelines
It’s time to eliminate fear
Compliance Guidelines
Social media is a valuable and cost-effective tool,
but it comes with responsibilities. Ensure your
company is protected.
In closing…
Rachel Strella
Owner, Strella Social
Media
Website:
www.strellasocialmedia.com
Email:
rachel@strellasocialmedia.com
Twitter:
@RachelStrella

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Social Media Compliance: Imperative for Brand Protection

  • 1. Social Media Compliance: Imperative for Brand Protection in the Digital Era with Rachel Strella www.strellasocialmedia.com
  • 2. Today’s Agenda The Impact of Social Media on Brand in the Digital Era Is Social Media Monitoring a Continuous Task Guidelines to Verify Social Media Compliance
  • 3. Part I: The Impact of Social Media On Brand In The Digital Era
  • 4. Impact of Social Media in Digital Era Social media is a two-way form of communication
  • 5. Impact of Social Media in Digital Era Communication in real-time poses a challenge
  • 6. Impact of Social Media in Digital Era Social media presents unique risks
  • 7. Impact of Social Media in Digital Era A social media policy is necessary
  • 8. Impact of Social Media in Digital Era Practical and positive use of live communication
  • 9. Impact of Social Media in Digital Era Fun use of live communication
  • 10. Impact of Social Media in Digital Era The downside of real-time communication
  • 11. Impact of Social Media in Digital Era Real-time communication is instant
  • 12. Impact of Social Media in Digital Era Human errors occur with live communication
  • 13. The biggest risk is doing nothing Impact of Social Media in Digital Era
  • 14. Part II: Is Social Media Monitoring A Continuous Task
  • 15. Risks • Compliance • Reputation • Fraud and brand identity • Third party • Employee • Privacy • Operational and security Is Social Media Monitoring Continuous
  • 16. From July 2013 to July 2014, the average Fortune 100 firm had… • 320 social media accounts • 500,000 posts • 1,159 employees posting Is Social Media Monitoring Continuous
  • 17. Assuming one minute of review per message, the average Fortune 100 company would spend 8,333 hours per year on a compliance review. Is Social Media Monitoring Continuous
  • 18. Banks using social media for consumer complaints Is Social Media Monitoring Continuous
  • 19. New rules from FFEIC: A financial institution should have a risk management program that allows it to identify, measure, monitor, and control the risks related to social media. Is Social Media Monitoring Continuous
  • 20. Failing to monitor social media posts could also result in some serious consequences Is Social Media Monitoring Continuous
  • 21. Part III: Guidelines to Verify Social Media Compliance
  • 22. It’s critical to establish a risk management program Compliance Guidelines
  • 23. A risk management program should include: Compliance Guidelines • Roles and responsibilities • Policies that address risks • A process for managing third party providers • An employee training program • A process for monitoring social media sites • Audit and compliance functions • Reporting standards
  • 24. Companies with the right solutions can utilize social media in a secure environment Compliance Guidelines
  • 25. Real-time monitoring technology can: • Monitor networks • Capture conversations about the company • Trace and report customer complaints • Set keyword searches and post limits Compliance Guidelines
  • 26. It’s time to eliminate fear Compliance Guidelines
  • 27. Social media is a valuable and cost-effective tool, but it comes with responsibilities. Ensure your company is protected. In closing…
  • 28. Rachel Strella Owner, Strella Social Media Website: www.strellasocialmedia.com Email: rachel@strellasocialmedia.com Twitter: @RachelStrella