Social networking brings risk management concerns

The rapid growth of social media sites will bring new risks and challenges for risk managers, according to a recent survey by the Chubb Group of Insurance Cos.

The survey found that only 51 percent of respondents always use their real name on social networking sites.

According to Kenneth Goldstein, worldwide media liability manager at Chubb, "Twitter, Facebook and Foursquare have created new social media risks and an environment where many people don't know who they are talking to online..."

Producer's Web: Social networking brings risk management concerns