Panorays VS OneTrust

While standard GRC platforms such as OneTrust are essential for managing data privacy and regulatory compliance, they fall short of protecting organizations from escalating supply chain cyber risks. Security professionals rely on Panorays for comprehensive third-party cyber risk management that goes beyond compliance, offering critical visibility, detection, and alerts on threats across their supply chains. By combining outside-in and inside-out assessments into a single solution, Panorays delivers unmatched context, accuracy, and validation that CISOs can trust.

Panorays streamlines the process for teams to achieve compliance and ensure their third parties meet regulatory requirements. Our customized AI questionnaires are tailored to your specific vendor relationships and their business impact, allowing you to save time on questionnaire management. With ready-made templates, you can focus on the most critical questions and efficiently gather the necessary information from your vendors.

To enhance the accuracy of questionnaire responses, Panorays validates them against vendors’ external documents and comprehensive cyber posture assessments. By combining these insights, Panorays identifies any gaps, making it easy to review and address potential security issues.

Panorays offers a comprehensive third-party management solution by consolidating security questionnaires, continuous cyber monitoring, and advanced cyber threat detection into a unified platform. Our all-in-one approach streamlines third-party risk management, providing seamless and ongoing visibility into potential cyber threats. Unlike OneTrust, which often requires integration with additional third-party cyber risk management (TPCRM) platforms to achieve the same level of cyber visibility, Panorays delivers a cohesive solution to manage supply chain risks effectively.

Most GRC platforms, including OneTrust, rely on integrations with TPCRM platforms to enable security managers to address third-party cyber risks. These integrations often result in an incomplete picture of cyber threats, presenting static risk scores for each third party and requiring users to switch between multiple platforms to actively manage changes in cyber posture, communicate with vendors on security questionnaires, and remediate security gaps. With Panorays, security and risk managers (SRMs) can oversee the entire vendor lifecycle—from onboarding to questionnaires and continuous monitoring—ensuring compliance standards are met while reducing cyber threats.

Unlike OneTrust, Panorays offers industry-leading attack surface assessments and third-party cyber posture ratings, receiving the highest possible score in Vendor Discovery and Mapping in the latest Forrester New Wave: Cybersecurity Risk Rating Platforms, Q2 2024. When it comes to addressing third-party cyber risks, CISOs find that relying solely on a generic GRC platform is insufficient, as they lack the necessary cyber insights to effectively manage these risks.

To ensure visibility into cyber threats, Panorays detects thousands of Nth parties along a company’s attack surface, using proprietary AI technology to map out critical vendors and uncover Shadow IT. Panorays leverages its unique combination of questionnaires and cyber assessments to give CISOs a holistic view of their third-party risks. In contrast, OneTrust does not offer external attack surface assessments and relies on integrations to provide these capabilities in a separate platform interface.

By conducting extensive tests across your attack surface, Panorays gathers detailed information on thousands of exposed assets across the Human, Application, Network, and IT layers. This comprehensive approach sets Panorays apart, providing a thorough and precise assessment of your third-party cyber risks. Our risk assessments are tailored to your unique business relationships, risk appetite, and evolving threats, ensuring the most accurate reflection of risks across your attack surface.