IAPP
AIGP · Question #97
The best practice to manage third-party risk associated with AI systems is to create and implement policies that:
The correct answer is B. Provide for an appropriate level of due diligence and ongoing monitoring based on the defined. Effective third-party AI risk management requires policies that establish a risk-based approach with appropriate due diligence and ongoing monitoring proportional to the level of risk posed by the third-party system.
AI Governance Program
Question
The best practice to manage third-party risk associated with AI systems is to create and implement policies that:
Options
- AFocus on the financial stability of third-party vendors as the primary criterion for risk assessment.
- BProvide for an appropriate level of due diligence and ongoing monitoring based on the defined
- CRequire third-party AI systems to undergo a comprehensive audit by an external cybersecurity
- DFocus on the technical aspects of AI systems, such as data security, while ethical risks are
How the community answered
(37 responses)- A3% (1)
- B81% (30)
- C5% (2)
- D11% (4)
Explanation
Effective third-party AI risk management requires policies that establish a risk-based approach with appropriate due diligence and ongoing monitoring proportional to the level of risk posed by the third-party system.
Topics
#third-party risk#vendor management#due diligence#ongoing monitoring
Community Discussion
No community discussion yet for this question.