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Compare Panorays vs UpGuard

“Panorays enables us to assess and make decisions related to third-party vendors in an optimal fashion.”

Gartner Peer Insights

Attack Surface

Includes fourth-party discovery, deep protocol inspection, human factor and business context. Deep inspection of cloud service providers (AWS, Azure) regions and availability zones. Fastest new vendor assessment in the industry (<2 hours). 99.8% findings accuracy.

Offers external attack surface assessment, but does not include deep cloud inspection or consideration of the human factor.

Impact: Incomplete view of third-party risk

Process Automation

Automates the entire TPSRM process from attack surface analysis to questionnaire assessments accounting for both inherent risk and residual risk, remediation and ongoing monitoring.

Separate offerings for Vendor Risk Management (VRM), VRM managed services and attack surface assessment. To enjoy full capabilities, customers need to purchase all three. Does not aggregate findings into bottom line cyber risk rating. Additionally, dispute resolution process is not mature.

Impact: Increased cost, incomplete view of third-party risk


Integration of both templated (ex. SIG, CAIQ) and customizable questionnaires included in the platform. Panorays’ questionnaires are based on advanced logic, include an analysis layer and are mapped against our external attack surface assessment to ensure authenticity of answers.

Offers smart questionnaire capabilities.

Depth of Features

Panorays stands out with its complete questionnaire capabilities, attack surface assessment accuracy, rich contextualization of vendor relationships and corresponding workflows. Panorays’ basic offering includes protocols drill-down, a complete list of vendor technologies and CVE’s, questionnaire creation and simple-to use fourth-party discovery. Panorays is designed to save you time and improve your relationship with your vendors.

Features depend on which modules are purchased. Tiers and bundles may require purchase of non-priority items to get required functionality such as fourth-party security.

Impact: Increased cost

Ease of Use

Streamlined, use case specific workflows are clear, simple to implement and cover all your third-party security risk management needs. Bottom-line risk rating and automated remediation plans save you time and let you focus on significant risk factor mitigation.

Provides a high-level summation of risk with the ability to drill down into precise technical details.

Impact: Increased operational costs


Customers communicate directly with vendors in the app, streamlining remediation and dispute resolution, improving vendor relationships and enabling faster onboarding of approved vendors. Remediation plans are derived from both attack surface assessment and questionnaire responses.

Allows customers to communicate directly with vendors in the app, streamlining remediation.


Includes advanced features in basic offerings, such as dark web mentions, fourth-party discovery and all available data about the supplier. Panorays also offers a free account to suppliers or anyone that wants to get started with Third-Party Security Risk Management.

UpGuard’s business starter package starts at $18,999/year. Introductory offerings do not include critical features such as custom questionnaires, fourth-party discovery or dark web mentions. Customers need to purchase multiple modules to enjoy a complete TPSRM program.

Impact: High costs for complete solution


Offers comprehensive API, as well as out-of-the-box integrations with GRC platforms (ex. ServiceNow), data exchanges (ex. Snowflake), compliance platforms (anecdotes), asset management platforms and more.

UpGuard offers a standard API to pull data into other enterprise applications. UpGuard relies on Zapier as their primary integration platform.

Customer Support

Recently nominated in SE Magazine for outstanding customer service, Panorays CS is consistently rated outstanding on review sites such as Gartner Peer Insights. Comprised of cybersecurity experts with vast experience supporting building TPSRM programs, our team is dedicated to automating your TPSRM and making it easily manageable. Panorays also has a designated security team, dedicated to finding third-party vulnerabilities before they happen.

UpGuard encourages its customers to purchase managed services; customer success has little emphasis.

Impact: High operational costs

Gartner Peer Insights




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