Panoraze, a leading provider of third-party cyber risk management solutions, today announced it has been named a Leader in The Forrester Wave™: Cybersecurity Risk Assessment Platforms, Q2 2024.
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Recognized for superior vision, strong AI-driven asset and vendor discovery capabilities, and prioritization of business context in third-party cyber risk management.
Panorays, a leading provider of third-party cyber risk management solutions, today announced that it has been named a Leader in The Forrester Wave™: Cybersecurity Risk Rating Platforms (Q2 2024). In the report, Forrester Research, Inc. evaluated his 10 rating platforms. We evaluate the most important vendors in the Cybersecurity Risk Assessment Platform market based on 25 criteria that address each vendor's current products, strategies, and market presence. Panoray received the highest possible scores for criteria such as asset discovery and attribution, vendor discovery and mapping, and exposure prioritization and remediation.
The Forrester Wave™: Cybersecurity Risk Assessment Platforms, Q2 2024 specifically mentions Panorays' vision, saying, “Its exceptional vision helps us understand the complexity of the supply chain and how it is handled from a first-party and third-party perspective.” “We emphasize the advanced technical functionality needed to protect them.” In recent years, Panorays has led the evolution of cyber risk assessment platforms to meet third-party cyber risk assessment and management needs, increasing the value of such platforms. Regarding Panorays' significant business value, the report states, “Panorays reference customers gave the company's platform the highest satisfaction rating for overall business value.” The report also states that “Panorays is ideal for enterprise TPRM programs.”
As the report states, Panorays' platform enables organizations to customize risk assessments based on each specific business relationship, providing insight and capabilities to security managers, executives, and C-suite leaders: “Panorays prioritizes business context for third-party cyber risk management.”
Additionally, the report states, “Panorays' strengths include powerful AI-driven asset and vendor discovery capabilities, including providing a confidence score for every finding and source details within each record. The AI document validation tool evaluates supplier survey responses to verify whether observed data supports the responses and helps prioritize remediation. It makes work more efficient.”
Panorays leverages state-of-the-art, domain-specific AI capabilities and practices built on a unique self-hosted model to perform comprehensive vendor discovery down to the N level and provide confidence in thousands of asset discoveries. We attribute scores and differentiate ourselves from typical third-party risk management. solution.
CEO and co-founder Matan Or-El said: “The power of our platform is our ability to deliver a comprehensive, modular solution without compromise, including both internal and external assessments, automation, integration, collaboration, and regulatory compliance.” Panorama. “We are grateful for the trust and confidence our customers and partners have placed in Panorays and are extremely proud of this recognition from Forrester. This further supports our belief that we provide the best solutions in the industry.”
Read the full Forrester Wave™: Cybersecurity Risk Assessment Platform, Q2 2024 here.
Contact Information:
Name: Brooke Vanhest
Email: Send an email
Organization: Panorays
Website: https://panorays.com/
Source: PR Fire
Release ID: 89130468
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