The COVID-19 pandemic has normalized remote work. According to Gartner, “by 2024, remote workers will represent 30% of all employees worldwide. This change has a significant impact on how IT services are delivered and consumed, as well as on how organizations manage the associated risks.”

The Hype Cycle for Cyber and IT Risk Management details methods, processes and tools organizations can use to develop programs to withstand risk events or seek risk-related opportunities. This Hype Cycle demonstrates the need for organizations to focus attention on new risk areas, such as third-party suppliers and outsourced entities. 

Traditional approaches to third-party security assessment have limitations. In this report, Gartner underscores the importance of security rating services for today’s businesses, and emphasizes the necessity of combining external attack surface security assessments with assessment data such as Panorays’ smart questionnaire.

Unlike other solution providers, Panorays combines automated security questionnaires with external attack surface assessments and business context to provide organizations with an accurate view of supplier cyber risk, while facilitating the entire third-party security risk management process.

Gartner, Hype Cycle for Cyber and IT Risk Management, 2021, 19 July 2021, Jie Zhang, Deepti Gopal, Claude Mandy. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER and Hype Cycle are registered trademarks and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.