Vendor relationships with B2B sharing economy companies are more transactional and often the workforce is also less meticulously vetted. The biggest risk most vendors face today (and one that CIOs are increasingly wary of) when leveraging B2B sharing services is cybersecurity.
New quantitative study exposed what some risk managers and compliance executives have suspected: Vendors are not complying with corporate insurance requirements, representing a significant risk for their clients and partners.
Simply following the law is not enough to meet ethical data mining standards. Businesses need to be proactive not just because it’s the right thing to do but also for the enormous business benefits.