Enterprise Communications | Compliance and Regulations

1. ENTERPRISE COMMUNICATIONS Prepared for Shield FC

2. As the size of the company increases – so do the stakes of getting As the size of the company increases – so do the stakes of getting things wrong – and paying the consequences for those errors. things wrong – and paying the consequences for those errors. We’ve all heard about the record-setting fines recently imposed We’ve all heard about the record-setting fines recently imposed for not managing e-comms effectively. for not managing e-comms effectively. Many approaches have been tried, like blocking access to social Many approaches have been tried, like blocking access to social media sites such as Facebook and Instagram and requiring using media sites such as Facebook and Instagram and requiring using company-approved (owned and managed) phones. But those company-approved (owned and managed) phones. But those tactics didn’t really work. tactics didn’t really work. Besides, the world has tilted away from email in favor of SMS Besides, the world has tilted away from email in favor of SMS text messaging, which is notoriously more challenging to text messaging, which is notoriously more challenging to monitor and archive from a regulatory requirements standpoint. monitor and archive from a regulatory requirements standpoint. That means the financial firms need to enable whatever provisions That means the financial firms need to enable whatever provisions are required to ensure regulatory compliance – or – risk not only are required to ensure regulatory compliance – or – risk not only the wrath of the SEC, which on its own is terrifying but risk the the wrath of the SEC, which on its own is terrifying but risk the backlash from consumers. backlash from consumers. www.shieldfc.com