How to Harness the Power of AI in Third-Party Risk Management

With its sudden popularity, there is a lot of uncertainty over what exactly AI is, how it can be ethically used, and how it can benefit third-party risk management (TPRM) programs.

How to Harness the Power of AI in Third-Party Risk Management shares a pragmatic approach for leveraging AI in your TPRM program while ensuring appropriate security, accuracy and governance. Read this 16-page guide to:

• Understand key AI terminology, promises and pitfalls
• Reveal how AI can help you overcome common TPRM challenges
• Gauge whether your TPRM program is ready for AI using principles in the NIST AI Risk Management Framework
• Uncover key capabilities to look for in an AI-enabled TPRM solution
• Adapt your existing TPRM processes to address potential third-party AI risks

This paper is ideally suited for third-party risk managers, security professionals, and procurement teams who want to understand how this transformative technology can improve the practice of third-party risk management while minimizing its risks.