As artificial intelligence becomes increasingly woven into the fabric of cybersecurity and supply chain management, organizations face a critical challenge: how to harness the immense power of AI without succumbing to the inherent risks of opaque, ungoverned systems. In a move that sets a new industry precedent, Panorays, a global provider of Third-Party Cyber Risk and Compliance Management (TPCRM) solutions, has announced its successful attainment of the ISO/IEC 42001:2023 certification. This achievement is particularly significant as it represents the first international standard designed specifically for the governance of Artificial Intelligence Management Systems. This certification provides a powerful validation of the Panorays platform, cementing its role as a leader in the responsible and trustworthy application of AI within the vendor risk management sector and offering a clear answer to the market’s growing demand for accountability and transparency in AI-driven security.
Establishing a New Benchmark for AI in Cybersecurity
The Imperative for Governed AI in Supply Chain Security
The increasing complexity of global supply chains has made AI an indispensable tool for managing third-party cyber risks, yet this reliance has simultaneously exposed a critical need for robust governance frameworks. Without stringent oversight, AI systems can operate as “black boxes,” making decisions that are difficult to trace, audit, or defend, a prospect that is untenable in security-critical environments. This has fueled a demand from both enterprises and regulatory bodies for tools that ensure accountability, transparency, and reliable control over AI implementations. The ISO 42001 standard directly addresses this demand by establishing a global benchmark for the responsible and ethical deployment of artificial intelligence. By achieving this certification, Panorays has demonstrated that its AI systems adhere to rigorous international requirements for risk management, performance monitoring, operational transparency, and a commitment to continuous improvement, assuring clients that its technology is not only powerful but also principled and dependable.
This milestone signifies a crucial industry-wide shift away from simple, unexplainable automation toward a new era of governed, explainable AI that aligns with emerging global regulations, most notably the EU AI Act. According to Panorays’ CISO, Ahikam Harush, this achievement validates the company’s foundational role in shaping how AI should operate within the TPCRM domain—fully accountable, transparent, and in lockstep with evolving regulatory expectations. This certified approach positions Panorays as a preferred partner for global enterprises and organizations in highly regulated sectors, such as finance and healthcare, which require a secure and future-proof strategy for integrating AI into their vendor risk management programs. For these customers, the certification provides the necessary assurance to adopt advanced AI-driven tools, enabling them to conduct faster and more accurate risk assessments that are backed by a trusted and independently verified framework, ultimately fostering greater confidence across their entire digital ecosystem.
A Comprehensive Suite of Certified AI Capabilities
The ISO 42001 certification rigorously validates the full spectrum of AI-powered capabilities integrated within the Panorays TPCRM SaaS platform, ensuring each function operates under a strict governance model. A key verified feature is the platform’s Questionnaire Automation, which dramatically accelerates the traditionally laborious process of completing security questionnaires. The system leverages AI to intelligently suggest answers by drawing from a comprehensive knowledge base of past responses, uploaded security documents, and external intelligence, streamlining a critical component of vendor assessment. Furthermore, the Response Verification function employs sophisticated AI to analyze and validate the authenticity and relevance of documents, certifications, and attestations submitted by third parties. This capability moves beyond simple document collection to provide a deeper layer of assurance that the evidence provided by a vendor is both legitimate and sufficient. This is complemented by the platform’s advanced Supply Chain Discovery, which utilizes a proprietary affiliation model to accurately detect and map all digital assets across intricate third-party and Nth-party connections, a process where AI plays a crucial role in minimizing false positives and presenting a clear, actionable view of the extended supply chain.
The certified framework also encompasses the platform’s more predictive and proactive security functions, which are essential for preempting threats in a dynamic risk landscape. The system’s Breach Prediction capability uses AI-driven analysis of vast datasets, including industry benchmarks and historical incident data, to calculate and predict the likelihood of a supplier experiencing a breach. This foresight allows organizations to prioritize their risk mitigation efforts on the most vulnerable parts of their supply chain. In parallel, the Attack Surface Enrichment feature enhances external risk assessments by automatically scanning public sources to discover and extract relevant metadata, such as security certifications and compliance statuses, providing a more complete and context-rich profile of a vendor’s security posture. Finally, the Threat Intelligence Curation function uses AI to sift through the immense volume of cyber news and dark web mentions, intelligently classifying and filtering the noise to highlight only the most critical and relevant threats pertaining to each specific supplier. This curated intelligence ensures that security teams can focus their attention on credible, imminent risks rather than being overwhelmed by irrelevant data.
Pioneering the Future of Trustworthy AI in Vendor Management
A Holistic Approach to Compliance and Governance
The groundbreaking ISO 42001 certification does not exist in isolation but rather serves as a capstone on an already robust compliance foundation. This new credential for AI governance seamlessly integrates with Panorays’ existing ISO 27001 certification for information security management and its SOC 2 Type II attestation, which covers security, availability, processing integrity, confidentiality, and privacy. Together, these credentials form one of the most comprehensive and multi-layered compliance and governance frameworks available in the third-party risk management industry today. This holistic approach signals a deep-seated commitment to operational excellence and security that extends across every facet of the platform, well beyond its AI capabilities. For clients, this integrated framework provides an unparalleled level of assurance, confirming that the entire TPCRM solution meets and exceeds the highest global standards not only for responsible AI implementation but also for data security, system reliability, and privacy controls, creating a truly end-to-end trusted environment for managing supply chain risk.
Redefining Industry Standards
Panorays’ achievement in securing the first global AI governance certification was a pivotal moment that extended far beyond an individual company milestone; it effectively established a new precedent for the entire cybersecurity and vendor risk management industry. This certification provided a clear and actionable roadmap for other technology providers, demonstrating how to transition from theoretical discussions on AI ethics to the implementation of tangible, auditable governance structures. It laid out the practical steps necessary for building and validating trustworthy AI systems that could withstand the scrutiny of regulators and discerning enterprise clients. The move ultimately empowered organizations across all sectors to adopt advanced AI tools with a newfound level of confidence, secure in the knowledge that a global standard for accountability and transparency now existed. This accomplishment fundamentally shifted the industry conversation away from the potential and often ambiguous risks of artificial intelligence and toward the proven reliability and demonstrable integrity of governed AI solutions.
