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THE IMPORTANCE OF DEVELOPING A SOCIAL MEDIA COMPLIANCE POLICY
After nearly a decade of relentless changes in compliance, evolving access to the internet, along with expansive adoption of social media use, a growing need for comprehension, oversight and risk management presents itself. In this time where production is volatile and resources remain at capacity, it is understandable that monitoring social media seems daunting. The thought of identifying where business and personal use of social media stops and starts, coupled with regulation that crosses multiple regulatory bodies and numerus regulatory resources, can be overwhelming. In fact, many institutions do not have a draft policy, let alone a working policy, in place today.
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