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Podcast: Risk Management Show
Episode: Vendor Risk in the AI Era: Why Annual Reviews Aren't Enough with Clarence Chio
Description: In this episode of the Risk Management Show, we sit down with Clarence Chio, Cofounder & CEO at Coverbase to explore how vendor risk is evolving in the age of AI and interconnected ecosystems. As organizations increasingly rely on third-party services, traditional approaches to risk management—like annual reviews and static assessments—are proving insufficient. Clarence shares insights on why continuous monitoring is becoming essential, how procurement is emerging as a critical control point, and how AI can help organizations stay ahead of vendor-related risks. 💡 Key Takeaways Vendor risk is continuous, not periodic: Annual reviews alone cannot k...