TRiSM for Agentic AI: A Review of Trust, Risk, and Security Management in LLM-based Agentic Multi-Agent Systems

Agentic AI systems, built upon large language models (LLMs) and deployed in multi-agent configurations, are redefining intelligence, autonomy, collaboration, and decision-making across enterprise and societal domains. This review presents a structured analysis of \textbf{Trust, Risk, and Security Management (TRiSM)} in the context of LLM-based Agentic Multi-Agent Systems (AMAS). We begin by examining the conceptual foundations of Agentic AI and highlight its architectural distinctions from traditional AI agents. We then adapt and extend the AI TRiSM framework for Agentic AI, structured around four key pillars: Explainability, ModelOps, Security, Privacy and Governance, each contextualized to the challenges of multi-agent LLM systems. A novel risk taxonomy is proposed to capture the unique threats and vulnerabilities of Agentic AI, ranging from coordination failures to prompt-based adversarial manipulation. To support practical assessment in Agentic AI works, we introduce two novel metrics: the Component Synergy Score (CSS), which quantifies the quality of inter-agent collaboration, and the Tool Utilization Efficacy (TUE), which evaluates the efficiency of tool use within agent workflows. We further discuss strategies for improving explainability in Agentic AI , as well as approaches to enhancing security and privacy through encryption, adversarial robustness, and regulatory compliance. The review concludes with a research roadmap for the responsible development and deployment of Agentic AI, outlining critical directions to align emerging systems with TRiSM principles for safe, transparent, and accountable operation.