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ARTICLE · 21 JUNE 2016

Cyber Liability Series: The Risks Associated With Social Media

Social media forums such as Facebook, Twitter, YouTube and Instagram have provided businesses with the opportunity to expand the way they advertise and market their products.

CanadaInsurance

Social media forums such as Facebook, Twitter, YouTube and Instagram have provided businesses with the opportunity to expand the way they advertise and market their products. For instance, a study found that in 2012, 34% of Canadian enterprises were using social media as a method to promote and direct traffic to their website.1 Social media has greatly increased the reach of marketing campaigns, often for a much more affordable cost. However, despite the obvious advantages obtained through the use of social media, there are serious risks created when a business opts to engage in social media.

Social networking sites and services are becoming an increasingly popular way for cyber criminals to obtain personal or business information to hack into private or work computer systems. Therefore, if a business uses social media for marketing purposes, it is imperative that the company takes adequate steps to safeguard their presence on social media. An example of such measures

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