MANAGEMENT

Detailed explanation-1: -Reputational risk is anything that has the potential to damage the public’s perception of your organization. Examples range from a senior executive indicted for insider trading, to a cashier caught on camera refusing service to a customer, to a breach of your customers’ personal data.

Detailed explanation-2: -Reputational risk is the damage that can occur to a business when it fails to meet the expectations of its stakeholders and is thus negatively perceived. It can affect any business, regardless of size or industry.

Detailed explanation-3: -Social media doesn’t necessarily create new or more frequent risks – but it does draw significantly more attention to events that occur and amplify resulting reputational damage.