Vendor Risk Assessment

Risk Management

The process of identifying, assessing, and controlling threats to an organisation's capital and operations.

Risk Assessment

The systematic process of evaluating potential risks in an organisation's operations, projects, or investments.

Operational Risk

The risk of loss resulting from inadequate or failed internal processes, people, systems, or external events.

Third-Party Risk Management

The process of identifying and mitigating risks associated with outsourcing to third-party vendors.

Know Your Customer

The process of verifying the identity, suitability, and risks of customers in financial transactions.

AI Impact Assessment

A systematic evaluation of the potential effects and risks of an AI system before and during its deployment.

The application of ethical principles and moral standards to business activities, decisions, and relationships.

Legal provisions protecting individuals who report illegal or unethical practices within organisations.

A set of principles, guidelines, and processes that an organisation adopts to ensure its AI systems are developed and deployed in a manner that is fair, transparent, and accountable.

An independent assurance function that evaluates the effectiveness of an organisation's internal controls and governance.

An individual responsible for overseeing an organisation's data protection strategy and regulatory compliance.

The process of categorising data based on its sensitivity level and the impact of unauthorised disclosure.

Technology solutions designed to help companies comply with regulations efficiently and cost-effectively.

The international standard for AI management systems that specifies requirements for establishing, implementing, maintaining, and improving AI governance within organisations.