Premium Content

Access "Misuse of social media could wreak havoc, warns World Economic Forum"

Published: 05 Mar 2013

The rapid spread of false information through social media could "wreak havoc" for businesses, global markets and society, the World Economic Forum has warned. Misinformation has the potential to spark panic selling of shares, or panic evacuations, the WEF claimed in an analysis of the most serious risks facing the global economy published in the run-up to its meeting in Davos this month. The rapid spread of false information, or "digital wildfires", is one of a series of newly emerging risks identified by the WEF in its Global Risks 2013 report, which surveyed 1,000 experts and business leaders. “An analogy here is shouting 'Fire' in a crowded movie theatre. You might be able to correct that within a couple of minutes by saying 'There isn’t a fire', but in that couple of minutes, maybe a couple of people got trampled,” said John Drzik, chief executive officer of Oliver Wyman Group, and one of the report’s editors. Social media increasing risk of false information The report warned the risks of false information were increasing as the use of social media ... Access >>>

Access TechTarget
Premium Content for Free.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

What's Inside

Features

More Premium Content Accessible For Free

  • Social Media: IT Purchasers get social, marketers play catch up ?
    VB-CW social media PowerPoint (2)-1.jpg
    E-Handbook

    IT decision makers are using social media effectively at work, but marketers are playing catch up, according to this research snapshot.

  • Can national security and privacy co-exist?
    CWE_260814_ezine_22p-1MED.jpg
    E-Zine

    In this week’s Computer Weekly, we talk to NSA whistleblower Bill Binney about the often-conflicting needs of security and privacy. We find out how ...

  • Cultivating IT Talent
    CWE_190814_ezine_24p-1MED.jpg
    E-Zine

    While the latest GCE A-Level results suggest that more people than ever will go on to study science, technology, engineering and maths (Stem) courses...