Bitsight Third-Party Risk Management vs Panorays comparison

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We performed a comparison between Bitsight Third-Party Risk Management and Panorays based on real PeerSpot user reviews.

Find out what your peers are saying about RSA, BitSight, AuditBoard and others in IT Vendor Risk Management.
To learn more, read our detailed IT Vendor Risk Management Report (Updated: March 2024).
767,667 professionals have used our research since 2012.
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  • "The solution's price is average."
  • "The product has a reasonable price."
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    Questions from the Community
    Top Answer:The product is a little expensive and very oriented to large companies.
    Top Answer:We face difficulties in acquiring designs and findings. There may be room for improvement in the methodology for identifying findings, as occasional errors occur on the technical side of BitSight.
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    Views
    2,392
    Comparisons
    1,767
    Reviews
    4
    Average Words per Review
    407
    Rating
    8.5
    13th
    Views
    421
    Comparisons
    322
    Reviews
    0
    Average Words per Review
    0
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    N/A
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    Overview

    BitSight transforms how organizations manage cyber risk. The BitSight Security Ratings Platform applies sophisticated algorithms, producing daily security ratings that range from 250 to 900, to help organizations manage their own security performance; mitigate third party risk; underwrite cyber insurance policies; conduct financial diligence; and assess aggregate risk. With over 2,100 global customers and the largest ecosystem of users and information, BitSight is the Standard in Security Ratings. For more information, please visit www.bitsight.com, read our blog or follow @BitSight on Twitter.

    Panorays is dedicated to eliminating third-party cyber risk so that companies worldwide can quickly and securely do business together. We automate, accelerate and scale the third-party security evaluation and management process so you can quickly and easily manage, mitigate and remediate risk, reduce breaches, ensure vendor compliance and improve your security across the board.

    Panorays offers an automated, comprehensive and easy-to-use third-party security platform that manages the whole process from inherent to residual risk, remediation and ongoing monitoring. Unlike other solution providers, Panorays combines automated, dynamic security questionnaires with external attack surface assessments and business context to provide organizations with a rapid, accurate view of supplier cyber risk. It is the only such platform that automates, accelerates and scales customers’ third-party security evaluation and management process, enabling easy collaboration and communication between companies and suppliers, resulting in efficient and effective risk remediation in alignment with a company’s security policies and risk appetite. Visit us at www.panorays.com.

    Sample Customers
    Fannie Mae, Cabela's, BNP Paribas, PWC, AIR Worldwide, Con Edison, The Container Store, OshKosh, Steris, University of South Florida, Emblem Health, Lloyds Bank
    Payoneer, ClearBank, WalkMe, Orbis, SAPIENS, Gett
    Top Industries
    VISITORS READING REVIEWS
    Financial Services Firm15%
    Computer Software Company14%
    Insurance Company9%
    Healthcare Company8%
    VISITORS READING REVIEWS
    Computer Software Company20%
    Manufacturing Company13%
    Financial Services Firm8%
    Construction Company7%
    Company Size
    VISITORS READING REVIEWS
    Small Business20%
    Midsize Enterprise17%
    Large Enterprise64%
    VISITORS READING REVIEWS
    Small Business26%
    Midsize Enterprise17%
    Large Enterprise57%
    Buyer's Guide
    IT Vendor Risk Management
    March 2024
    Find out what your peers are saying about RSA, BitSight, AuditBoard and others in IT Vendor Risk Management. Updated: March 2024.
    767,667 professionals have used our research since 2012.

    Bitsight Third-Party Risk Management is ranked 2nd in IT Vendor Risk Management with 5 reviews while Panorays is ranked 13th in IT Vendor Risk Management. Bitsight Third-Party Risk Management is rated 8.6, while Panorays is rated 0.0. The top reviewer of Bitsight Third-Party Risk Management writes "User-friendly solution with robust patch management capabilities". On the other hand, Bitsight Third-Party Risk Management is most compared with SecurityScorecard, RiskRecon, Microsoft Secure Score, UpGuard Vendor Risk and Zscaler Internet Access, whereas Panorays is most compared with Black Kite, SecurityScorecard, OneTrust GRC and UpGuard Vendor Risk.

    See our list of best IT Vendor Risk Management vendors.

    We monitor all IT Vendor Risk Management reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.