Overview
Product Information on Panorays
What is Panorays?
Panorays Pricing
Overall experience with Panorays
“Innovative Product Simplifies Vendor Security Evaluation”
“Platform Struggles with Complex Procedures Post Onboarding”
About Company
Company Description
Panorays is a provider of third-party cyber risk management solutions, helping businesses optimize their defenses for each unique third-party relationship. Panorays provides businesses the tools to stay ahead of any emerging third-party threats and provides actionable remediations.
Company Details
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Key Insights
A Snapshot of What Matters - Based on Validated User Reviews
Reviewer Insights for: Panorays
Deciding Factors: Panorays Vs. Market Average
Performance of Panorays Across Market Features
Panorays Likes & Dislikes
1. Ease of integration and deployment. It increases our work efficiency by reducing the manual work and provides automation (the dashboard is providing a flexible way of scrutiny of the security posture) 2. Real-time data and recommendations on the vendor's security posture. It is a very innovative product that focuses and simplifies vendor security. 3. Security rating and real time updates on how they have fixed any security issues after pen testing and provide the fix on a timely basis. Another aspect is that it is a cost-effective solution that other applications fail to provide.
Easy implementation, intuitive UI, and approachable support.
1) Surveys for 3rd party suppliers, and subsequent risk rating. This gives us an easy way to prioritise which supplier to work with, and gives us a much better understanding of their security posture than just using the tool to map their external attack surface. 2) A numerical score for the organisation, whilst simple this gives us a really easy way to report back to senior management on the progress made. Benchmarking it against industry average is also very useful. 3) Being able to input a supplier and get them scanned quickly. This almost ad-hoc approach allows us to assess potential vendors and can help us decide which vendor to go with.
From the application functionality point of view, I haven't found any issues as such, but the vendor response is a little slow sometimes (not every time) as we have to push the vendor to fill in the details of their product before we can review their current SaaS security posture of their product. But from an applications perspective it is a great product.
Lack of transparency - when there was a requirement to confirm the accuracy of presented data before engaging with a third-party and requesting remediation, it was impossible to know the source and the reason why this data was identified and why it was classified as such. Customization - the system provides standard capabilities that could be found in many other systems. When there was a request to make some customization or adjustment according to the current business processes, it was not simple and, in many cases, couldn't be done.
1) It would be nice if there was better API support, for automation. This is mostly for reporting purposes. 2) Customization of the UI could be better, e.g. default landing page, customise graphs, etc. 3) Different roles would be useful, e.g. limiting access of a user to just 3rd party risk and not the organisation's risk, and vice-versa.
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Panorays Reviews and Ratings
- Information Security Specialist1B-10B USDIT ServicesReview Source
Innovative Product Simplifies Vendor Security Evaluation
The product is outstanding in terms of its ease of integration and deployment, and its capability to provide clear guidance of different vendors' current security posture and future recommendations. It provides real time data to understand the vendor's security rating and evaluate whether we should go ahead and establish a better relationship and use this product. - Security Engineer1B-10B USDInsurance (except health)Review Source
How Penorays Improves Security Posture and Aids Decision Making
Feedback and support from the Panorays team has been good. The tool itself works well and is continuously giving the team work to do. It's good at identifying shadow IT assets and misconfigurations in those assets (e.g. lack of CSP, HSTS, etc). It's also allowing us to manage our third party risk, as well as our own. Our suppliers are benefiting, and improving their security posture, and we can measure their level of security and calculate their risk. - Director, IT Security and Risk Management50M-1B USDBankingReview Source
Platform Struggles with Complex Procedures Post Onboarding
Getting started with the platform was simple, and the onboarding process went smoothly. However, things got more challenging in the second year when we needed it to handle more complex procedures and flows. In many cases, the platform couldn't support these needs. Sometimes, we had to request new features, and other times, we had to figure out workarounds outside the system's scope. This has been frustrating as our requirements have grown. In addition, we had a big problem with the accuracy of the data presented by the system. In many cases irrelevant information was presented which led to unnecessary conflicts with third parties that ended with a confirmation that the data does not belong to the third party. - Manager, IT Security and Risk Management50M-1B USDBankingReview Source
Navigating Third-Party Security Management with Panorays
Panorays cover many aspects of third-party security management, from automated questionnaires and risk assessments to continuous monitoring and remediation guidance. This helps me to streamline our vendor risk management processes. - VP, Global Head Digital Transformation<50M USDHealthcare and BiotechReview Source
Enhancing our Supply Chain Cyber Security while making it as efficient as possible.
Ensures that we improve our Supply Chain Cyber Security. The platform and the support services truly support me in improving our vendors cyber security. Support and customer success, respond quickly and properly.