Automated Vendor Risk Assessment
Panorays automates the third-party risk assessment process, significantly reducing the time and effort needed for due diligence. This automation allows organizations to quickly evaluate and onboard vendors.
Services
Third-party Security Risk Management Platform
Panorays
Panorays is a cybersecurity company that specializes in third-party security risk management. Their platform offers organizations a comprehensive solution for assessing and monitoring the security posture of vendors and partners.
By automating the due diligence process, Panorays enables businesses to evaluate third-party risks efficiently through continuous monitoring, risk scoring, and performance metrics. The platform provides insights into potential vulnerabilities, helping organizations strengthen their security strategies and ensure compliance with regulatory requirements.
With a focus on enhancing visibility and enabling informed decision-making, Panorays empowers companies to manage third-party risks effectively and foster secure business relationships.
Differentiators
Panorays differentiates itself from competitors in several key ways:
Continuous Monitoring
Unlike many competitors, Panorays offers continuous monitoring of vendors' security postures, providing real-time insights into potential vulnerabilities and changes in risk levels over time.
Comprehensive Risk Scoring
The platform utilizes a dynamic risk scoring system that assesses vendors across multiple dimensions, offering a more nuanced view of their security capabilities.
User-Friendly Dashboard
Panorays provides a visual and intuitive dashboard that simplifies risk management, making it easier for organizations to track and manage their vendor risk profiles.
Customization and Flexibility
The platform allows organizations to customize assessment criteria based on their specific requirements, ensuring that they can tailor the solution to fit their unique risk management needs.
Vendor Engagement
Panorays emphasizes collaboration by enabling vendors to respond to assessments and provide updated information directly through the platform, fostering transparency and communication.
Why do we support their mission?
Robust Third-Party Risk Management
As part of our commitment to establishing authentic and sustainable technology partnerships, third-party risk management has always been a key focus for us. In today’s climate of escalating cybersecurity threats and data breaches, organizations understand that their security is only as strong as their weakest link, making effective third-party risk management crucial.
The complexity of global supply chains introduces additional risks, necessitating enhanced oversight and management practices. Furthermore, increasing concerns about data privacy require organizations to carefully monitor how their third parties handle sensitive information, ensuring compliance with regulations like GDPR and CCPA.
In this context, robust third-party risk management becomes more than just a regulatory obligation; it is a strategic necessity for maintaining resilience and fostering long-term business success. Panorays offers an opportunity to assist its customers in various ways.
Contact Us 