Scalable Third Party Risk Management With Ai Driven Automation

This talk delves into the complexities of third- and fourth-party dependencies that large Indian enterprises face, highlighting how these relationships create both value and risk. The senior leaders examine the cascading risks associated with vendor breaches, financial disruptions, and compliance failures, which can significantly impact customer data security and corporate reputation. They emphasize the necessity of continuous monitoring, comprehensive vendor ecosystem visibility, and security-by-design principles as essential components of robust third-party risk programs. Additionally, the discussion explores how AI-driven automation can effectively manage the extensive network of vendors, enhancing the ability to identify and respond to risk signals at a pace that manual reviews cannot achieve.