What is Third-Party Risk Management (TPRM)?
Third-Party Risk Management is the process of identifying, assessing and monitoring risks created by suppliers, processors, service providers, contractors and other external parties.
What is third-party due diligence?
Third-party due diligence is the evaluation of an external party – supplier, processor, vendor or service provider – before and during the relationship.
What is third-party privacy risk?
Third-party privacy risk is the risk that an external party processing personal data on your behalf fails to meet your obligations under privacy law.
What is AI third-party risk?
AI third-party risk is the risk arising from external AI capabilities – model providers, AI-enabled SaaS, AI consultants and AI service providers. Distinct from standard vendor risk because of the AI-specific dimensions involved.