Social Media & Threats, OCTOBER 13, 2020, By Small Business Administration Staff
Social media enables people to communicate, share, and seek information at an accelerated rate. In recent years, social media became the pinnacle of news consumption through its rapid dissemination, low costs, and its accessibility to consumers worldwide. Often breaking and sensitive news is first made available on social media. Whether the information is fact-checked or not, it disseminates around the globe within minutes. Social media provides users the ability to exchange thoughts and ideas with people from corners of the worlds they might not have visited, enables strangers to collaborate and positively impact our collective society, and increase awareness to help grow our businesses and communities. However, social media is a double-edged sword, for all the good we intend to accomplish, social media is also an adversary breeding ground for subverting social media use for their illicit gain.
In this blog, the United States Small Business Administration (SBA) Cybersecurity team members explain common social media risks posed by misinformation campaigns, phishing and scams, malware, and account takeovers. Along with tips to protect businesses, home networks, and individuals.