Federal Financial Institutions Examination Council (FFIEC) Issues Social Media Guidelines

In early December, the Federal Financial Institutions Examination Council (FFIEC) released new social media guidelines for banks, savings associations, credit unions, and other entities supervised by the Consumer Financial Protection Bureau. Cyveillance has highlighted some key components of the recommendations in a convenient overview, available for download now.

As we discussed in our previous blog post on this topic, the guidelines do not impose any new requirements on financial institutions, but are designed to help them navigate the legal and compliance risks that come with using social media.

To help safeguard your organization, it is also important to train employees about how social media can be used by criminals for social engineering, use anti-phishing tools, and monitor for rogue mobile applications.