Panorays News
20 articles
Panorays Appoints Devin Archer as Senior Director of Channels for the Americas, Accelerating Additional Growth in the Cybersecurity Market
Panorays, a leading provider of third-party security risk management solutions, has appointed Devin Archer as the new Senior Director of Channels for the Americas. This move is part of Panorays commitment to expand its presence and drive business growth by bolstering indirect channel sales efforts to meet the rising demand for cutting-edge cybersecurity solutions in the Americas. Archer brings a wealth of experience in both cybersecurity and channel sales. As the company shifts from a direct sales approach to maximizing the potential of the partner ecosystem, Archer will play a pivotal role in enabling partners to leverage the platform and develop their own robust risk management practices.
PartnersManagement ChangesExpand
Panorays Teams Up with HALOCK Security Labs to Launch Streamlined Third-Party Supplier Management Solution
Panorays, a provider of third-party security risk management, has partnered with HALOCK Security Labs to introduce a joint Third-Party Supplier Management (TPSM) solution. The program streamlines third-party supplier management, offering businesses a centralized platform for efficient vendor oversight, assessment, and continuous monitoring. The service includes features such as external network vulnerability scans, asset discovery, and monitoring, as well as tracking fourth-party vendor relationships. The program also allows organizations to automate and tailor security questionnaires according to relationships, importance, or regulatory obligations.
Partners
Panorays Introduces New Smart Match AI Capability, Reducing Questionnaire Response Time and Accelerating Vendor Evaluations
On August 8, 2023, Panorays, a leading provider of third-party security risk solutions, announced the launch of its Smart Match capability. This feature is designed to accelerate responses and simplify risk analysis for users, complementing Panorays’ AI-Powered Third-Party Security Risk Platform. The Smart Match feature allows third parties to quickly address new questionnaires by leveraging a library of matching responses, guided by similarity scores. The new feature is expected to streamline and enhance the accuracy of third-party risk management.
Customers
Panorays appoints Nir Livni as VP of Products | CTech
Panorays, a provider of third-party security risk management software, has appointed Nir Livni as VP of Products. Livni has extensive experience in the field, having previously served in similar roles at BIgID and Checkmarx, and as a Product Manager at CyberArk. The company has big plans for the coming year and is looking to take its third-party cyber risk management platform to a new level for its customers around the world. Panorays serves enterprise and mid-market customers primarily in North America, the UK and the EU.
Management Changes
Panorays announces two new executive hires CTech
Cybersecurity startup Panorays has announced the appointment of two new executives as part of its expansion plan. Lena Vatmacher has been appointed as the Global Vice President of People, tasked with defining the companys human resources strategy. Gilad Friedman has been appointed as Vice President of Global Channels and will lead the global expansion of Panorays’ partnership and channels program. The company is a rapidly growing provider of third-party security risk management software, serving enterprise and mid-market customers primarily in North America, the UK, and the EU.
Management ChangesExpand
Panorays Launches Complimentary Offering to Enable Organizations to Begin Managing Their Security Posture
Panorays, a provider of third-party security risk management software, has launched a new complimentary offering to help companies defend against supply chain attacks. The offering includes a Security Passport, which allows users to share a security overview with potential customers, and a Security Profile, which provides visibility into a companys cyber posture and specific cyber gaps. The new offering is designed to help companies manage their security vetting activities, prove their security posture, gain visibility into their external attack surface, and improve their cyber posture.
CustomersPartners
Making vendors safe again: Panorays tackles third-party cybersecurity
Cybersecurity startup Panorays has developed a Software as a Service (SaaS) platform that automates the due diligence process for businesses. The platform aims to provide a panoramic view of cybersecurity threats and foresee what other solutions cannot. The company has raised $62 million in total, with $42 million raised in a Series B round in September 2021. The solution is available globally and is being sold to customers in Australia, South Africa, Northern Europe, and the U.S. The company plans to expand further.
InvestmentExpand
Panorays secures $42 million in round B
Panorays Introduces Unique Features to Significantly Shorten the Vendor Sales Cycle
Panorays, a provider of third-party security risk management, has launched Panorays for Vendors, aimed at reducing the vendor sales cycle. The new product combines automated security questionnaires with external attack surface assessments, giving vendors a single place to view and manage their customers security vetting activities. It includes a Security Passport, which allows vendors to build and share a security overview with potential customers. The Security Passport has been found to suffice as evidence of acceptable vendor security more than 80% of the time, significantly reducing the sales cycle.
Customers
Panorays Recognized as a Strong Performer by Independent Research Firm in Cybersecurity Risk Ratings Platforms Report
Cybersecurity risk management software provider, Panorays, has been named a Strong Performer in The Forrester New Wave™: Cybersecurity Risk Ratings Platforms, Q1 2021 evaluation. The report praised Panorays for its questionnaire capabilities, accuracy, and workflow. The companys customers commended the platforms accuracy, high-quality ratings reports, and low false positives rates. Panorays CEO, Matan Or-El, expressed pride in the recognition, stating it reinforces their goal to help customers manage, mitigate, and remediate third-party security risk.
CustomersPartners
Panorays Introduces Revolutionary Third-Party Security Ratings Model and Additional Key Features
Panorays, a provider of automated third-party security management, has launched a new security ratings model that offers a comprehensive view of vendor cyber risk. The company has also added two new features to its platform: Remediation Plans and Standards and Regulations Reports. The Cyber Risk Rating combines data from Panorays Smart Questionnaire Rating with its Cyber Posture Rating. The Remediation Plan feature allows organizations to share remediation plans with their suppliers to improve their Cyber Risk Rating. The Standards and Regulations Reports feature allows organizations to generate compliance reports for regulations such as GDPR and NYDFS.
Customers
Panorays Partners with the Cloud Security Alliance to Deliver Comprehensive Visibility into SaaS and Cloud Providers
Panorays, a provider of automated third-party security lifecycle management, has announced a partnership with the Cloud Security Alliance (CSA) to become a licensed distributor of CSAs Consensus Assessment Initiative Questionnaire (CAIQ). The partnership will allow companies to quickly determine if their cloud provider complies with standard security regulations. Panorays customers will also benefit from a context-based CAIQ, customized to the relationship of Panorays and the provider. The CAIQ assessments provide a set of questions for a cloud provider to ascertain its compliance with the Cloud Controls Matrix (CCM).
Partners
Panorays Provides Vendor Security Evaluation Criteria as Coronavirus Forces Large-Scale Remote Working
Panorays, a provider of automated third-party security lifecycle management, has published its vendor evaluation criteria for new work-from-home business practices. The companys CTO, Demi Ben-Ari, highlighted the cybersecurity challenges that come with a mass shift to remote work, including strategic support, technology risks, human risks, and supply chain attacks. The evaluation criteria, which consists of 18 questions, assesses vendors readiness for a mass remote workforce. The questions cover areas such as authentication and authorization, resilience and business continuity, and procedures and processes.
Customers
Panorays Named Most Innovative Third-Party Risk Management Solution by Cyber Defense Magazine
Panorays, a provider of automated third-party lifecycle security management, has been recognized with a 2020 InfoSec Award for Most Innovative Third-Party Risk Management (TPRM) Solution. The company has seen a 400% revenue growth over its previous year and has been adopted by leading technology, software, financial, healthcare, automotive and retail companies. It has also collaborated with Sompo, a leading global insurer, to provide third-party security visibility into their customers. Panorays SaaS platform is transforming the way companies securely do business with third parties by providing the required visibility and control for companies to build and easily scale their third-party security programs through automation.
CustomersPartners
Panorays Raises $15 Million Series A to Accelerate Third-Party Security Management
Panorays Debuts Dark Web Insights for Companies to Be Proactive About Monitoring Criminal Threats to Their Supply Chain
Cybersecurity firm Panorays has launched a security intelligence solution called Dark Web Insights. The new feature is an additional layer of cybersecurity protection that allows companies to proactively monitor threats to their supply chain. It works by notifying the company of abnormal activity on the Dark Web related to their third party. The feature checks mentions of a company’s third party on hacker forums and other malicious marketplaces. It provides the ability to monitor potentially malicious hacker chatter about opportunities to target the third party, sell databases of personal information or take advantage of system weaknesses for financial benefit.
CustomersExpand
Panorays Debuts Unique "Human Element" Assessment
Cybersecurity firm Panorays has launched a tool that assesses the human impact on an organization’s security and incorporates it into the cyber posture rating. The tool is part of several new features designed to enhance Panorays’ third-party security management solution. The company claims that with their platform, companies can shorten their third-party security evaluation process by as much as 93 percent, while gaining continuous visibility of both network and human factors and ensuring compliance to regulations such as GDPR and NYDFS.
CustomersExpand
Japanese Insurance Company Sompo Partners With Two Israeli Cybersecurity Startups
Tokyo-listed insurance company Sompo Holdings Inc. has partnered with two Israeli cyber startups. The company recently inaugurated a Tel Aviv innovation center, adding to its existing operations in Tokyo and Silicon Valley. One of the partnerships is with Panorays Ltd., a company that provides an automatic system that mimics hacker activities to provide a holistic view of possible third-party security flaws. The name of the second Israeli cybersecurity startup was not disclosed. Sompos Israeli innovation center focuses on startups in the fields of insurtech, mobility, health and geriatric care, blockchain, and cybersecurity.
PartnersExpand
Panorays Debuts With $5 Million Investment
Israel-based cybersecurity firm Panorays has secured $5m in funding led by Aleph. The company, which has just emerged from stealth mode, has developed a software-as-a-service (SaaS) platform that enables companies to manage their relationships with third parties and reduce cyber risk. The platform is aimed at companies in the financial services, healthcare, automotive, technology and retail sectors. It identifies potential gaps in the supply chain IT infrastructure by automating hacking techniques and determining how well they are dealt with by internal policies. Panorays then makes ratings and suggestions for corrective action.
Investment
Panorays Emerges from Stealth Mode to Transform the Way Companies Interact with Partners and Suppliers on their Security Posture
Cybersecurity firm Panorays has launched a platform designed to improve the security of supply chain organisations. The software-as-a-service platform provides 24/7 monitoring and alerts for changes in attack surfaces, and does not require installation on customer or third-party systems. The platform can reduce the third-party security evaluation process by up to 93%, and ensures compliance with regulations such as GDPR and NY DFS. Panorays has received $5m in early-stage funding from investors including Aleph, Amichai Shulman, Elevator Fund, Moshe Lichtman and Michael Dolinsky.
InvestmentCustomers
