NEW YORK, February 23, 2024 – Panorays, a leading provider of cybersecurity risk management solutions, was honored with the prestigious teissAwards2024 in the Best Third-Party Risk Management Solution category. This recognition underscores Panorays’ outstanding contribution to identifying, assessing, and mitigating cyber risks posed by third parties for organizations.
Panorays simplifies third-party risk management through a user-friendly platform, employing advanced automation and AI for continuous monitoring to effectively measure and mitigate third-party cyber risks. Acknowledged as the premier solution, Panorays seamlessly incorporates vital data and stands out for exceptional customer support, establishing itself as a comprehensive and efficient choice for organizations in the cybersecurity sector.
“This award highlights the importance of our relentless commitment to raising awareness around the cyber risks of key third parties and helping them to mitigate any issues,” said Matan Or-El, CEO and Co-Founder of Panorays. “This recognition from teissAwards is not just an achievement for Panorays; it is a testament to the dedication and expertise of our entire team. We remain steadfast in our commitment to advancing the field of third-party risk management with our latest innovations that embrace AI and automation.”
Highlighting the impactful role of Panorays’ modern technology solutions across industries, the leading UK law firm Taylor Rose successfully transformed its vendor risk assessments, resulting in a remarkable 75% reduction in assessment time. This implementation not only streamlined and automated the assessment workflow but also ensured comprehensive security evaluations, marking a transformative shift in their overall cybersecurity approach.
The teissAwards are known for recognizing excellence in cyber and information security, specifically highlighting the achievements of vendors and technologies in the use, development, and deployment of information security in the past 12 months. Panorays stood out among competitors by offering a comprehensive and robust third-party risk management solution aimed at helping organizations better control and mitigate all forms of cyber risk from their key and critical third parties.
The winners were officially announced at the teissAwards2024 gala dinner, on February 22, 2024. Sergio Nesti from Panorays accepted the award for the company. This event is part of a broader portfolio of information security events that have taken place over the last decade, representing the largest and most comprehensive cybersecurity gathering of experts in Europe.
About Panorays
Panorays is a rapidly growing provider of third-party security risk management software, offered as a SaaS-based platform. The company serves enterprise and mid-market customers primarily in North America, the UK and the EU, and has been adopted by leading banking, insurance, financial services and healthcare organizations, among others. Headquartered in New York and Israel, with offices around the world, Panorays is funded by numerous international investors, including Aleph VC, Oak HC/FT, Greenfield Partners, BlueRed Partners (Singapore), StepStone Group, Moneta VC, Imperva Co-Founder Amichai Shulman and former CEO of Palo Alto Networks Lane Bess. Visit us at panorays.com.
