The Truth About AI in Risk Management

The Truth About AI in Risk Management

AI risk models are changing how organizations assess vendors, quantify cyber risk, and make high-stakes decisions, but most leaders don’t truly understand what’s happening under the hood. In this episode, AI risk models are stripped down and stress-tested to reveal where automation adds clarity, where it creates blind spots, and why overconfidence in models can quietly increase risk. If you’ve ever struggled to explain or defend an AI-driven decision, this conversation delivers the context you’ve been missing.

Hosted by Bob Maley, Jeffrey Wheatman, and Ferhat Dikbiyik, this episode of Third Party explores why all models are inherently flawed, how AI amplifies both insight and uncertainty, and why human judgment still matters in third-party risk management. The hosts unpack real-world examples from vendor scoring, cyber risk quantification, and executive decision-making to show why explainability, defensibility, and adaptability matter more than perfect accuracy.

Don’t risk trusting models you can’t justify. Learn how to use AI without surrendering accountability before the wrong decision gets made for you.

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Episoder(27)

Is AI the End of Humanity or Just Another Y2K?

Is AI the End of Humanity or Just Another Y2K?

Some of the people building AI are warning it could end humanity. Others say it's all hype. Meanwhile, AI agents have already escaped a testing sandbox and attacked another company's infrastructure. S...

23 Sep 37min

Are Your Vendors Lying to You?

Are Your Vendors Lying to You?

Your vendor says they have MFA everywhere. They say their data is encrypted. They say the right things on every questionnaire you send. So why is there almost always a gap between what a vendor tells ...

9 Sep 35min

The AI Scanner Hype Test

The AI Scanner Hype Test

AI-powered vulnerability scanners can now find tens of thousands of flaws in a matter of weeks. That sounds like a breakthrough until you look at the other number: the patch rate is under one percent....

26 Aug 37min

Your TPRM Program Isn't Fixable

Your TPRM Program Isn't Fixable

Your third-party risk program is probably built on questionnaires, and you already know they don't really work. So the real question is not how to make them better. It's whether you should tear the wh...

12 Aug 37min

You Can't Say No to Your Vendors

You Can't Say No to Your Vendors

You can't actually say no to a vendor. Ask any room of CISOs how many of them have the power to walk away from a vendor relationship over cyber risk, and the honest answer is almost none. So if levera...

29 Jul 41min

Why Manufacturing Supply Chains Are Ransomware’s Favorite Target

Why Manufacturing Supply Chains Are Ransomware’s Favorite Target

Manufacturing cybersecurity risk is rising faster than most organizations realize—and many teams are still missing the basics. In this episode, we break down manufacturing cybersecurity risk and why t...

15 Jul 33min

The #1 Mistake Boards Make on Cyber Risk

The #1 Mistake Boards Make on Cyber Risk

Cyber risk communication with boards is broken—and most organizations don’t realize how much it’s costing them. In this episode, we unpack cyber risk communication with boards and reveal why even well...

1 Jul 32min

The Hidden Signals Predicting Vendor Collapse

The Hidden Signals Predicting Vendor Collapse

Third-Party Risk Prediction is the future of cybersecurity, but can you actually predict when a vendor will fail? In this episode of Third Party, we explore third-party risk prediction and whether for...

17 Jun 37min

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