Panorays Study Finds 94% of CISOs Are Concerned About Third-party Cyber Threats, Yet Only 3% Have Implemented Security Measures

Panorays’ press release presents findings from a 200-CISO survey highlighting strong concern over third-party cyber risk, expected budget increases, and confidence in AI to strengthen third-party risk management, with priorities including supply-chain and asset discovery, automated third-party classification, questionnaire automation, assessment accuracy, and breach prediction. CISOs cite regulatory compliance, limited resources, rising AI-related third-party breaches, shadow IT visibility, and risk prioritization as key challenges, and value capabilities such as risk quantification, remediation guidance, threat intelligence, and integrations when selecting third-party risk management solutions.