Increased competition
Increased competition - The inappropriate or unethical use of technology to gain market share.
ENTITY
1 - Human
INTENT
1 - Intentional
TIMING
2 - Post-deployment
Risk ID
mit956
Domain lineage
6. Socioeconomic and Environmental
6.4 > Competitive dynamics
Mitigation strategy
1. Establish a rigorous Ethical Technology Governance framework, embedding principles of transparency, fairness, and accountability (ethics-by-design) into all technological deployment and use to build stakeholder trust and create a distinct competitive advantage over unethical rivals. 2. Institute a continuous Competitive and Digital Intelligence program to monitor for and document competitors' use of inappropriate technology—such as misinformation, unauthorized data scraping, or intellectual property violations—to enable rapid legal, regulatory, and public relations mitigation. 3. Strengthen data integrity and security architecture with advanced mechanisms (e.g., zero-trust access and real-time monitoring) for proprietary and customer information, thereby neutralizing the competitive threat posed by a competitor's intentional use of technology for unauthorized data acquisition.