It’s no secret that, in what many have dubbed the “gig economy,” the number of freelancers and the types of work they offer have grown in recent years. According to Forbes, a third of today’s workforce identifies as a “subcontractor”. Millennials make up 40% of this workforce, and 92% of millennials, in general, desire to work in a freelance capacity.
For many small and mid-sized businesses, this has been a welcome development. Freelancers and subcontractors provide flexibility for businesses, allowing them to avoid the expense of full-time employees for part-time needs, as well as the flexibility to hire seasonally, when demand is high.
Still, the use of freelancers and subcontractors without strategically considering how they will mesh with your current employees, processes, and information systems can pose serious risks for your company—especially when it comes to cyber security. A revolving cast of subcontractors, combined with a lack of appropriate security safeguards on your network and data systems, is a recipe for disaster.
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