The potential for a risk event to damage the reputation of an organization. Reputation risk can come from actions of the firm itself – for example, from a regulatory sanction and fine, resulting from a compliance breach. Reputation risk can also be the result of employee or third-party actions – such as a data breach involving the firm’s customer data. Reputation risk can also be entirely external to the firm, such as a false statement on social media. Reputation risks can cause financial losses as well as losses in market share, employee morale, and in standing with regulators.

Popular resources

You may be interested in

News
3 mins reading time

Acin adds Kate Joicey-Cecil, Chief Client Officer, to the management team to further develop long-term, trusted client partnerships. 

News
March 27, 2023

Acin named as finalist for RegTech Partner of the Year at the British Banking Awards 2023

Acin named Best Operational Risk Management Partner by CFI
News
March 21, 2023

Acin named Best Operational Risk Management Partner by CFI

Discover more