Third-Party AI Risk and Vendor Due Diligence
from Corruption Crime & Compliance Hosted by Michael Volkov
In this episode of the Corruption, Crime & Compliance podcast, Michael Volkov explores the growing risks associated with third-party use of artificial intelligence and why companies must update their vendor due diligence and onboarding processes. As AI becomes embedded in SaaS platforms, analytics tools, and service providers, organizations are increasingly exposed to risks they may not fully understand or control—including data leakage, lack of transparency, bias, regulatory liability, and intellectual property concerns. Volkov outlines practical steps to address these challenges, including enhancing due diligence with AI-specific inquiries, strengthening contractual protections, and implementing ongoing monitoring of vendor AI use. The key takeaway: companies are not only responsible for how they use AI internally, but also for how their vendors deploy AI on their behalf—making third-party AI risk a critical priority for modern compliance programs.
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