Questions
Common questions.
What is Third-Party AI Risk?
Third-party AI risk is the exposure an organisation faces from AI models, agents, or services provided by external vendors.
How does Third-Party AI Risk work?
Managing it requires due diligence on the vendor's governance, data handling, security practices, and contractual obligations.
Which terms are related to Third-Party AI Risk?
Closely related concepts include MiFID II (AI Agents), Model Risk Management, AI Center of Excellence, AI Maturity. Each is defined in the Prefactor glossary.
Keep reading