In this episode of The Third Party Risk Institute Podcast, we explore how artificial intelligence is revolutionizing third-party risk management (TPRM) by shifting from outdated, static assessments to continuous, real-time monitoring. With third-party data breaches projected to impact over 60% of companies by 2025, this transformation is no longer optional it’s a regulatory and operational necessity.

Drawing from global regulatory trends, case examples, and emerging best practices, we break down how AI-powered TPRM enables organizations to detect issues faster, map fourth-party dependencies, assess ESG risks, and build resilience into complex supply chains. You’ll hear how machine learning, natural language processing, and anomaly detection are enhancing due diligence, automating risk scoring, and integrating real-time risk intelligence into procurement and governance.

What we cover in this episode:
• Why traditional annual vendor assessments no longer work in today’s fast-moving threat environment
• How AI enables continuous monitoring and dynamic risk scoring
• Techniques to map and manage fourth-party and concentration risk
• Integrating ESG risk into TPRM programs
• Key regulatory drivers including DORA, the EU AI Act, APRA CPS 234, and U.S. Interagency Guidance
• Best practices for AI governance and human oversight

You’ll walk away with practical guidance on:
• Building an integrated data foundation for continuous monitoring
• Selecting and deploying AI-enabled TPRM platforms
• Aligning your TPRM program with evolving global regulations
• Avoiding pitfalls like poor data quality, false positives, and AI overreliance

This episode is perfect for:
• Chief Risk Officers, Vendor Risk Managers, and Procurement Leaders
• Cybersecurity, Compliance, and Audit Professionals
• ESG, Sustainability, and Governance Specialists
• Anyone tasked with safeguarding critical third-party relationships in regulated industries

If you like reading, check out our full blog post on Modernizing Third Party Risk Management with AI here: https://thirdpartyriskinstitute.com/modernizing-third-party-risk-management-with-ai/

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