The Ripple Effect: Safeguarding Reputation in the Age of Social Media and Contagion Risk
OVERVIEW
In an interconnected world dominated by social media and rapid information dissemination, the impact of organizational actions can ripple across industries, affecting reputation and trust. The “Ripple Effect: Safeguarding Reputation in the Age of Social Media and Contagion Risk” training session is designed to equip internal auditors with the essential knowledge and skills to navigate this complex landscape.
Participants will gain insights into the symbiotic relationship between social media, contagion risk, and reputation risk management and how to think about it from an internal audit perspective. Through real-world case studies (ie. social media and the run on Silicon Valley Bank) and interactive discussions, attendees will explore the intricacies of safeguarding an organization’s reputation in an era where information travels at the speed of light.
LEARNING OBJECTIVES
Learn the fundamentals of reputation risk and contagion risk. Explore the risks and benefits associated with social media and how they can amplify risk areas.
Walk through real life case studies such as the bank run and collapse of Silicon Valley Bank
Identify Internal Audit’s role in assessing risk management and controls related to theseareas