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The best practice to manage third-party risk associated with AI systems is to create and...

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The best practice to manage third-party risk associated with AI systems is to create and implement policies that?

A.

Focus on the financial stability of third-party vendors as the primary criterion for risk assessment.

B.

Provide for an appropriate level of due diligence and ongoing monitoring based on the defined risk.

C.

Require third-party AI systems to undergo a comprehensive audit by an external cybersecurity firm every six months.

D.

Focus on the technical aspects of AI systems, such as data security, while ethical risks are addressed through suitable contracts.

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