Panorays vs UpGuard product overview
Learn more about the products and how they compare.
Overview
As outsourcing significant business functions is now common practice for most organizations, major third-party data breaches are rapidly taking over news headlines.
Ponemon Institute and IBM’s Cost of a Data Breach Report found the average cost of a breach has increased from $370,000 to $4.35 million, with third-party involvement listed as one of the main reasons. An eSentire survey from the same year highlights that 44% of firms surveyed have experienced a significant data breach caused by a third-party vendor.
With Gartner reporting 60% of organizations as having 1000+ third-party relationships, effectively managing the cybersecurity risks they create and practicing vendor due diligence proves increasingly difficult.
Information security teams often also rely on manual risk reporting methods which are time and labor-intensive. Many organizations are now turning to automated third-party risk management (TPRM) solutions that automate data breach detection capabilities, provide real-time insights, and streamline remediation workflows.
We assess two TPRM solutions, Panorays and UpGuard, to help you make an informed decision before investing in the right solution for your needs.
Panorays Overview
Panorays is a US incorporated company operating largely in Tel Aviv, Israel. The Panorays platform helps users discover, assess, and monitor their cybersecurity risk exposure from third-party vendors in their digital supply chain.
The Panorays platform leverages third-party security ratings, security questionnaires, and remediation workflows to help customers reduce risk through improved due diligence across vendor relationships, mergers & acquisitions, and executive visibility.

Panorays UI. Source: panorays.com
UpGuard Overview
UpGuard is a third-party risk and attack surface management platform that helps global organizations prevent data breaches, monitor third-party vendors, and improve their security posture. UpGuard’s platform uses proprietary security ratings, data leak detection capabilities, and remediation workflows to proactively identify security exposures. UpGuard’s all-in-one third-party risk and attack surface management software intelligently groups risks into six categories: website risks, email security, network security, phishing & malware, reputation risk, and brand protection.
Usability and the learning curve
Minimizing the amount of time and effort in learning to use a new solution is a critical aspect of delivering on any value proposition.
Panorays and UpGuard both offer their services via SaaS and are accessible from web-based platforms that can help you find, assess, and remediate risk.
Panorays: A fully cloud-based service with minimal installation criteria required. The Panorays platform is an easy-to-use navigation interface and reporting functionality.
UpGuard: High-level summation of risk with the ability to drill down into precise technical details. Each risk is prioritized based on extensive research conducted by the in-house security team, and where possible remediation and protection suggestions are provided.
Capabilities
Both Panorays and UpGuard can help organizations automate their third-party risk assessment and vendor compliance due diligence processes.
Each platform offers the following solution capabilities to optimize third-party risk management workflows.
Attack Surface Monitoring
Panorays and UpGuard both discover and monitor public-facing domains, subdomains, and IP spaces to approximate a company’s external attack surface as accurately as possible.
Both platforms monitor standard security configurations and controls, such as SPF, HTTPS, and public-facing ports for any changes, highlighting areas of inconsistency with best practice settings.
Unlike Panorays, UpGuard gathers risk intelligence on third-party data leaks, identity breaches, potential fraud from typosquatting, and compromised corporate email accounts. These intelligence sources are indispensable to gaining a comprehensive view of supply chain and third-party risk.
Security Questionnaires
Panorays: Automates the security questionnaire process by offering pre-built questionnaires that align with common security frameworks, standards, and regulations.
Users can also create custom-built questionnaires that can be sent to vendors via the same automated process, with multi-language support included.
UpGuard: Also automates the security questionnaire process, allowing users to choose from a library of pre-built questionnaires, including recognized security frameworks like ISO 27001, PCI DSS, NIST CSF, GDPR, and CCPA.
UpGuard’s Compliance Reporting feature enables users to easily identify which areas of these security frameworks their vendors do or don’t comply with by mapping results from these questionnaires to their respective frameworks.
Users can also create and send custom questionnaires to vendors using the platform.
Remediation
Panorays: Allows users to create risk remediation plans that model improvements to a company’s security rating if any given set of risks are remediated.
UpGuard: Also offers remediation planning capabilities. Users can create a remediation plan which projects security ratings based on the remediation of specified risks.
The platform also allows users to request remediation based on automated scanning and questionnaire risks identified in monitored vendors, with real-time updates highlighting when vendors fix any identified issues.
Community support
Keeping informed on product updates and the latest cyber security developments is paramount, with new vulnerabilities and cyber threats emerging daily.
Customers need up-to-date resources and relevant insights to stay ahead of the curve and protect their organizations from emerging cyber risks.
The frequency of publication and presence of community engagement is a key indicator of a company’s mission, focus, and investment in its users.
Both Panorays and Upguard offer comprehensive online resources to educate and inform customers.
Panorays: Panorays engages their user community with regular blog posts on topics covering relevant security incidents, new feature updates, and industry developments.
Panorays also offers live and recorded webinars to help viewers align their programs to best security practices.
UpGuard: UpGuard Summit brings together a community of security leaders from leading companies, explores the future of security, and helps businesses stay secure.
The UpGuard cybersecurity and risk management blog is updated four times a week and the breach research blog has uncovered and secured some of the largest data breaches.
UpGuard’s free weekly Breach Newsletter informs 20,000+ subscribers of the latest global data breaches.
Release rate
Technology is always changing. New vulnerabilities are added to CVE on a daily basis, and attackers are constantly finding new zero-day exploits.
The speed at which a security platform can incorporate changes determines how well it can respond to new threats and customer requests.
Additionally, they should continue to update, adjust, and improve their threat detection methodology to reflect changes to the threat landscape.
Panorays: Panorays’ support pages do not currently appear to document release notes about changes to the platform’s functionalities. UpGuard: UpGuard has adopted DevOps principles internally to develop, test, and release software continuously, ensuring fast, consistent, and safe releases. UpGuard has a regular release rate every two weeks, with all features, changes, and improvements listed under UpGuard Release Notes.
Pricing and support
Cyber risk platforms can be expensive and the common use of opaque pricing policies often takes power away from the purchaser. With most services offering tiered licensing options and add-ons, finding a solution that fits your needs and budget can prove more difficult without transparent pricing.
Panorays: Public-facing pricing is not available. Prospective customers must engage with a Panorays representative to receive pricing quotes for different subscription tiers, with higher tiers allowing for a greater number of monitored vendors and customer users. View an estimate of Panoray’s pricing guide. UpGuard: UpGuard has a fully transparent and publicly accessible pricing model which you can view here. If you have any questions, please email sales@upguard.com.
API and extensibility
Accessing the information in a cyber risk product outside of its graphical interface is important for integrated business strategies and consolidating data to a preferred system.
Both Panorays and UpGuard offer APIs.
Panorays: Offers a JSON-based REST API, that customers can use to build the connections needed to transmit Panorays elements into third-party applications.
UpGuard: Offers a standard API to pull data from UpGuard’s platform into other enterprise applications.
Third-party integrations
APIs are useful for technical staff, but not all information security teams have access to developers. In this situation, standard third-party integrations are an essential part of decision-making.
Both Panorays and UpGuard offer integrations into other platforms.
Panorays: Offers out-of-the-box integrations with a limited number of third-party platforms, such as ServiceNow and RSA Archer.
However, most alerting connections to third-party platforms will require development support for custom integrations available via the standard webhook connector available in the platform.
Customers
Panorays: Features most of their customers as belonging in the mid-market segment, such as Mixpanel, WalkMe, and Zerto. UpGuard: Major customers include Accenture, DuPont, Fujitsu, GAP, McAfee.
Security rating
Panorays: Security rating scale of 0-100, ranked as Bad, Poor, Fair, Good, or Excellent
UpGuard provides a cyber risk score between 0 and 950, along with the following letter grades, A: 801-950, B: 601-800, C: 401-600, D: 201-400, F: 0-200. Security rating scores are a weighted average of the risk rating of all externally facing assets and completed vendor questionnaire scores.
UpGuard: Security rating scale of 0-950, ranked as A: 801-950, B: 601-800, C: 401-600, D: 201-400, F: 0-200. You can request your free security rating by clicking here.