So the question is what does a Corp sin Represent?
The Down side of the Criminal SIN and the normal sin is fairly obvious. The Normal sin, your in the data base to be found. It just means that at some point, your gonna have something go wrong and there will trace some piece of evidence back to your SIN. Now that doesn't mean they can find you, or that your gonna end up guilty as charged but it makes it a big step easier. The Criminal SIN is the largely the same, but now your an Ex-Con, and so your already on the usual suspect list. You might get brought in just b/c you did something similar to a crime that was just committed. In the eyes of the Authorities your already guilty as charged, they just haven't connected all the dots yet.
Ok. So that's easy to understand the danger they represent are the Authorities.
This brings us to the CORP SIN. If you have one these odds are you grew up in Archology, educated by and for the CORP, raised to be part of the corporate Elite. Someone who would ether was will someday a valued member of Mega corporation. The haves of the world. The character could maybe even by part of the 1%. But now here where it gets dangerous. Why is someone who could be making great money in corp world, running the shadows? Can you actually believe the SOB story the character tells about falling from grace, running away from her/his super rich family? Or is just another trap by the corps, a corp agent, looking to jump a couple play grades line by spending sometime in the Shadows spying for his/her Mega? Maybe you do believe their SOB story, but your team has run go wrong, and you need to get your hands on some cash in a hurry, a Corp SIN means someone is probably willing to pay for you. Maybe your characters parent, or maybe character parent's enemies. But a CORP SIN, means people with money might well pay attention and spend more the just attention on the character.
So the threat from the CORP SIN, isn't from the authorities, though there maybe some degree of that, depending on whether the character can be used a pawn in someone agenda. But mainly the danger is your fellow runner, deciding that your a better pay day then whatever Mr.Johnson is promising. There are other layers to it as well, the character's family is now fair game to come up as whole set of issues, and odds are have the resources to be a serous problem, if the GM wants them to be.