In today’s crowded cybersecurity market, independent analyst recognition matters. Bitsight was named a Leader in The Forrester Wave™: Cybersecurity Risk Rating Platforms, Q2 2026, and a Visionary in the 2026 Gartner® Magic Quadrant™ for Cyber Threat Intelligence Technologies — reinforcing Bitsight’s position as a trusted innovator as the industry evolves toward AI-driven, predictive cyber intelligence.
Bitsight vs. Panorays:
choosing the right fit for your risk program
| Capability | Bitsight | Panorays |
|---|---|---|
| Cyber Risk Intelligence | Bitsight provides cyber risk intelligence across organizations, vendors, subsidiaries, and digital ecosystems. Combines security ratings, external attack surface intelligence, threat context, and exposure insights to help teams prioritize cyber risk. | Panorays focuses primarily on third-party cyber risk management, helping organizations assess and monitor vendor security posture through external attack surface monitoring, automated questionnaires, Risk DNA scoring, continuous monitoring, and remediation workflows. |
| External Attack Surface Management (EASM) | Bitsight is recognized as a Leader in the Frost Radar™ for External Attack Surface Management and ranked among the top three for innovation. Provides continuous, outside-in visibility across global internet infrastructure. | Panorays provides external attack surface monitoring capabilities designed primarily for third-party cyber risk programs. Its platform scans supplier assets across the vendor ecosystem to help identify exposed assets, security issues, and remediation priorities. |
| Attack Surface Management Leadership | Bitsight is named an Overall Leader in the 2025 KuppingerCole Leadership Compass for Attack Surface Management, with recognition across product, innovation, and market presence categories. | Panorays was not included in the referenced Frost Radar™ EASM or KuppingerCole Attack Surface Management evaluations. |
| Third-Party Risk Management | Bitsight helps organizations assess, monitor, and manage third-party cyber risk using security ratings, continuous monitoring, vendor intelligence, and risk workflows that scale across large supplier ecosystems. | Panorays is built for third-party risk management, combining automated security questionnaires, vendor assessments, external monitoring, and remediation workflows to manage supplier risk throughout the vendor lifecycle. |
| Cyber Risk Ratings Platform | Bitsight is named a Leader in The Forrester Wave™: Cybersecurity Risk Ratings Platforms, earning top scores across evaluated criteria. Provides externally benchmarked security ratings used by enterprises, insurers, and regulators. | Panorays provides vendor risk scoring through its Risk DNA™ approach, combining external attack surface observations, questionnaire responses, business context, and monitoring data to assess third-party cyber risk. It is positioned primarily for third-party risk management rather than as an externally benchmarked cyber risk ratings platform. |
| Supply Chain Risk Visibility | Provides visibility into cyber risk across third-party, fourth-party, and extended business ecosystems, helping organizations identify concentration and supply chain risk. | Panorays offers supplier inventory, third-party discovery, fourth-party visibility, and vendor monitoring capabilities designed to improve visibility into supply chain cybersecurity risks and vendor relationships. |
| Risk Data Collection & Validation | Bitsight continuously monitors over 40 million organizations, 250 million plus hostnames, and 4 billion plus routable IPv4 and IPv6 addresses through proprietary scanning technologies, sinkhole infrastructure, and threat intelligence ingestion. | Panorays combines multiple data sources, including external attack surface assessments, automated questionnaires, business context, continuous monitoring, vendor-supplied evidence, and AI-enabled validation to evaluate third-party cyber risk. |
| Asset & Supply Chain Discovery | Bitsight combines large-scale internet scanning with proprietary attribution technologies to map assets, subsidiaries, vendors, and digital ecosystems. Designed to provide contextualized, organization-level risk visibility. | Panorays provides visibility into vendor digital footprints, exposed supplier assets, and direct, fourth-party, and extended supply chain relationships as part of third-party cyber risk monitoring. |
| Fourth-Party & Supply Chain Visibility | Bitsight provides visibility into third-party, fourth-party, and extended business ecosystems, helping organizations understand concentration risk and interconnected supply chain exposure. | Panorays supports discovery and monitoring of fourth-party and Nth-party supplier relationships as part of its supply chain risk management capabilities. |
| Cyber Threat Intelligence – Core Approach | Bitsight integrates threat intelligence directly into risk scoring, attack surface management, and third-party risk workflows. Bitsight tracks 95 million threat actors, 1000+ APTs, and 4,000 types of malware. Designed to connect external signals to measurable business impact. | Panorays provides contextual risk insights focused on third-party and supply chain cybersecurity risk. Its threat and exposure intelligence is primarily used to support vendor monitoring, Risk DNA scoring, remediation prioritization, and supply chain risk workflows rather than broad cyber threat intelligence investigations. |
| Vulnerability Prioritization | Bitsight helps security teams identify and prioritize vulnerabilities and exposures based on observed risk, asset context, and potential business impact. | Panorays identifies vendor-related security findings through external attack surface assessments and continuous monitoring, helping organizations prioritize remediation activities across third-party environments. |
| AI-Powered Risk Analysis | Bitsight uses AI-driven correlation and prioritization to translate large-scale external telemetry into actionable, business-aligned risk insights across security, risk, and executive teams. AI is embedded across the platform to support risk quantification, prioritization, and decision-making. | Panorays uses AI to automate and streamline third-party risk assessments, including questionnaire generation, response analysis, evidence review, contextual risk scoring, supply chain discovery, and assessment workflows. |
| Risk Remediation & Continuous Monitoring | Bitsight connects exposure findings to risk scoring and breach likelihood modeling. Supports ongoing risk reduction through continuous monitoring, alerts, prioritization workflows, and measurable cyber risk management. | Panorays provides continuous vendor monitoring, automated workflows, remediation management, and collaboration capabilities to help organizations address third-party cyber risks over time. |
Bitsight Customer Reviews
| Gartner Peer Insights | G2 | |
|---|---|---|
| Customer Rating | 4.5 / 5 ★★★★☆ | 4.6 / 5 ★★★★☆ |
| Read Reviews | View on Gartner | View on G2 |
| What customers say | "Bitsight gives us continuous visibility into our vendors' security posture — we can't imagine running our third-party risk program without it." — Security leader, Financial Services | "The depth of data and the correlation to real-world outcomes sets Bitsight apart from other ratings platforms we evaluated." — CISO, Enterprise Technology |
Bitsight vs. Panorays Overview
Bitsight's Customer Success and Support
Bitsight differentiates from other security rating and third-party risk management providers with our world-class Customer Success team. Each Customer Success Manager (CSM) acts as a trusted advocate to ensure customers reach maximum value with Bitsight. Our Customer Support team is here to work with you and for you—when you’re on the clock with some of the most flexible hours of support in the industry, including live chat, comprehensive knowledge base and Bitsight Academy on-demand training.
Proven Data Correlation
The Bitsight Security Rating provides an objective, data-driven lens to view the health of an organization’s cyber security program.
Bitsight data is independently verified to correlate with an organization’s risk of a security incident or data breach. See reports by AIR Worldwide, IHS Markit, Marsh McLennan, and Moody’s Analytics, demonstrating this critical connection.
Per Moody's Analytics, Bitsight Analytics is also correlated to financial risk and firm value.
Trust Matters
Security leaders need solutions that help them identify and mitigate risks in their own organizations and broader third party supply chain, including vendors, suppliers, and business associates. Attackers continue to exploit known vulnerabilities and target critical third party suppliers to gain access to sensitive data or inflict operational harm. With the growing criticality of cybersecurity risk rating platforms in the global marketplace, trust and data accuracy matters.
Bitsight is committed to creating trustworthy, data-driven, and dynamic measurements of organizational cybersecurity performance derived from objective, verifiable information. In 2017, Bitsight helped create the "Principles for Fair and Accurate Security Ratings,” (PDF) a series of practices developed alongside some of the world’s largest and most risk-focused companies. These Security Ratings Principles affirm the critical role of security ratings in society and the important responsibility that Bitsight holds in creating these measurements.