Due Diligence and Ongoing Monitoring

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Welcome to the Due Diligence and Ongoing Monitoring Community. Here you will be able to network, collaborate, and see the latest discussions that can help you in this area. Note: You will need to Sign In to join in the discussions and access resources. 

About Due Diligence and Ongoing Monitoring: Whether you’re vetting a new vendor or following up on an existing vendor, performing due diligence is necessary to determine if a vendor is a good fit for your organization. Ongoing monitoring is a regulatory expectation, an overall sound business practice and can lead to discovering risk that would have otherwise gone unnoticed.

Latest Discussion Posts

  • For other sources, there is Colorado law on consumer protections for AI that passed; as well as recent concerns of Microsoft Re-Cast taking snapshots of everyone's screens on tablets and PCs that are stored locally, but supplemented by a CLEAR TEST database ... More

  • The above mentioned third party vendors: D. Third-Party Vendors Insurers retain responsibility for understanding any tools, EDCIS, or AIS used in underwriting and pricing for insurance that were developed or deployed by third-party vendors and ... More

  • Hi Mark, Looking at some of the financial firms, has anyone looked at the proposed AI industry letter of January 2024 from NY DFS Superintendent Harris? https://www.dfs.ny.gov/industry_guidance/circular_letters/cl2024_nn_proposed Proposed Insurance ... More

  • Have you taken a look at Our commitments to advance safe, secure, and trustworthy AI - Microsoft On the Issues It refers you to the NIST AI Framework that has a RMF Playbook that might help. More

  • As a reminder, I have an open item on here asking if anyone has developed an AI policy that they would be willing to share? I know it's early, especially for the financial services industry (I work for a community bank); however, I was hoping that ... More