Case Study: Payoneer achieves GDPR readiness with Panorays

Payoneer rapidly assesses 200+ vendors with Panorays

Payoneer, a global financial services company, faced the challenge of achieving GDPR compliance across its network of over 300 vendors. Their existing manual security assessment process was not comprehensive enough for the new regulation and lacked scalability, creating a significant hurdle. To address this, they turned to the vendor Panorays and its automated third-party security assessment service.

By implementing Panorays' customized automated security assessments, Payoneer dramatically reduced its vendor evaluation time from weeks to just days. The solution from Panorays enabled the rapid assessment of all 200+ vendors, improved vendor engagement, and enhanced the detection of cybersecurity gaps. This provided a complete picture of vendor security and ensured Payoneer could move forward with new vendors confidently, achieving full GDPR readiness.

Payoneer