Security News > 2021 > May > Assessing third-party security controls with Panorays Smart Questionnaires

Panorays, a provider of third-party security risk management, announced new research about the most common third-party cyber gaps and released a new automated, dynamic vendor security questionnaire functionality that helps resolve cyber gap issues in supply chains.

To help resolve supply chain cyber gaps, Panorays now offers new automated, easy-to-use Smart Questionnaires that are typically completed in as little as nine days rather than the industry average of nine weeks, allowing organizations to significantly reduce time spent on the vendor evaluation process.

Unlike manual security questionnaires, Smart Questionnaires include only the questions that are relevant for each supplier based on the business relationship context.

"Smart Questionnaires have completely revolutionized our third-party risk management process," said Jennifer Habshush, Information Security Specialist at AppsFlyer, a Panorays customer that works with hundreds of vendors.

"This past year, we've seen that more and more, organizations from every industry are realizing that comprehensive third-party security risk management is essential. Our latest research provides a glimpse of some of the most common vendor vulnerabilities that organizations need to be aware of and know how to address," said Matan Or-El, CEO, Panorays.

"We also created the Smart Questionnaire to help tackle the problem of third-party security. The Smart Questionnaires automate and change the way organizations communicate with vendors, resulting in a safer, quicker onboarding process. When combined with Panorays' vendor cyber posture assessment and business context, the platform provides companies with a complete view of third-party cyber risk."

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