As a business owner, you are likely always looking for new ways to reach your target market and grow your business. Social media is a great tool that can help you connect with potential and current customers, but it also comes with some risks. Hugues Joublin of Salience Communication has mentioned a few potential risks of social media for your business.
According to Hugues Joublin, managing personal data has become a very sensitive topic for regulators. Regulation has become a burden that should not be considered lightly. If you collect any customer data through your social media platforms, there is a risk that this data could be accessed by hackers. This could lead to identity theft or other fraud.
Data breaches can also occur if you or your employees click on a malicious link or open a phishing email. This can give hackers access to your social media accounts and the data you have stored there. Read full article.