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(23)

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

Mythos Hype Check: TPRM Paradigm Shift or Big Nothing Burger

Mythos Hype Check: TPRM Paradigm Shift or Big Nothing Burger

A new AI model called Mythos promises to find vulnerabilities faster than any human team. But what does that actually mean for the security leaders responsible for managing third-party risk? In this s...

4 Jun 45min

Are You Measuring the Right Risks…Or Just the Easiest Ones?

Are You Measuring the Right Risks…Or Just the Easiest Ones?

Are you measuring the right risks in your third party risk management program—or just the easiest ones? In this episode, we break down how most teams approach third party risk management metrics and w...

20 Mai 31min

Why Automation Is Creating More Cyber Risk

Why Automation Is Creating More Cyber Risk

Automation vs Accuracy in TPCRM is one of the biggest challenges in modern third-party risk management. In this episode, we break down how the push for faster automation is impacting accuracy, and wha...

6 Mai 34min

How to Calculate the Real Cost of a Third-Party Breach

How to Calculate the Real Cost of a Third-Party Breach

Calculating the real financial impact of a third-party breach is one of the hardest challenges in cybersecurity today. In this episode, Jeffrey Wheatman, Bob Maley, and Ferhat Dikbiyik explore how org...

22 Apr 40min

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