Fake News, Real Threat
Far more than a prank, the spread of fictitious news is being used to wreak havoc on businesses and institutions. This month’s issue of Risk and Insurance has an excellent article on the risks to businesses associated with the phenomenon of “fake news” – which is not really new. It looks at pre-emptive strategies to avert damage and the role that reputation insurance can play in a firm’s risk management.
One troubling new detail is reported: the rise of criminal gangs that create fake news solely for blackmail purposes. Read the full article here.