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Monday, April 15, 2024

Panorays Secures Prestigious teissAwards2024 for Excellence in TPCRM

Panorays has been honoured with the coveted teissAwards2024 in the Best Third-Party Risk Management Solution category, underscoring the company’s pivotal role in identifying, evaluating, and mitigating the cyber risks associated with third-party engagements for organisations.

Through its intuitive platform, Panorays enhances the efficiency of third-party risk management by leveraging cutting-edge automation and artificial intelligence for perpetual monitoring, enabling organisations to effectively gauge and alleviate cyber risks from third parties. Distinguished as the superior solution in its niche, Panorays distinguishes itself by amalgamating critical data and offering unparalleled customer support, positioning itself as a comprehensive and efficacious option for organisations in the cybersecurity arena.

“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.”

Illustrating the significant influence of Panorays’ state-of-the-art technology solutions, the renowned UK law firm Taylor Rose significantly transformed its vendor risk assessments, achieving a notable 75% decrease in assessment duration. The deployment of Panorays’ system not only made the assessment process more streamlined and automated but also ensured exhaustive security evaluations, heralding a pivotal shift in their cybersecurity posture.

The teissAwards celebrate the pinnacle of achievements in the realm of cyber and information security, spotlighting the accomplishments of vendors and technologies in the innovation, development, and application of information security within the last year. Panorays emerged as a standout amongst its peers by offering an all-encompassing and robust third-party risk management solution, enabling organisations to more adeptly oversee and mitigate cyber risks emanating from their essential third parties.

The accolades were conferred at the illustrious teissAwards2024 gala dinner on the 22nd of February, 2024, with Sergio Nesti graciously accepting the award on behalf of Panorays. This ceremony is integral to a broader spectrum of information security events, marking the most expansive and thorough congregation of cybersecurity experts in Europe over the last decade.

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.


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