Virtual Learning Lab - AI 202, Part 3: Third-Party Risk: Outsourcing and Artificial Intelligence

Outsourcing work often includes back-office functions, information technology, cybersecurity, product development, and on. The vendors our clients rely on to do this work themselves also outsource work. Our clients are thus relying on a third-party supply chain that may include dozens, hundreds, or even thousands of providers – a virtual ecosystem. Introduce into this supply chain a sudden rush to harness Artificial Intelligence (AI) and real risks emerge. Learn about assessing this third-party AI risk as part of traditional vendor security assessments, risk scoring systems, and new AI specific risk frameworks such as NIST AI Risk Management Framework, ISO 23053, and capAI (aligned to the European Union AI Act).