BT invests in unique Silicon Valley technology to measure and fight cyber risk

BT invests in unique Silicon Valley technology to measure and fight cyber risk

With the number and impact of cyber attacks continuing to increase rapidly, BT has today announced a multi-million pound investment in Safe Security, an  industry-leading cyber risk management firm. Headquartered in Silicon Valley, their SAFE (‘Security Assessment Framework for Enterprises’) platform allows organisations to take a health check of their existing defences and understand  their likelihood of suffering a major cyber attack.  

Industry analysis estimates that the cost of global cyber crime reached  over US$1 trillion in 2020, as criminals exploited seismic changes in everyday life  to target both individuals and organisations of all sizes. With high-profile recent  incidents impacting critical areas such as energy infrastructure and medical  care, businesses and governments are under huge pressure to objectively  assess how protected they are against the latest forms of cyber attack. 

The investment will allow BT to combine the SAFE platform with its world leading managed security services to provide customers with a real time view  of how safe they are against an incredibly fast-moving cyber threat  landscape. SAFE is unique in calculating a financial cost to customers’ risks and  giving actionable insight on the steps that can be taken to address them. The platform ultimately enables organisations to surgically target gaps in their  defences, and already protects multiple Fortune 500 companies and  governments around the world. 

Philip Jansen, Chief Executive of BT, said: “Cyber security is now at the  top of the agenda for businesses and governments, who need to be able to  trust that they’re protected against increasing levels of attack. Adding SAFE to  BT’s proactive, predictive security services will give customers an enhanced 

view of their threat level, and rapidly pinpoint specific actions needed to  strengthen their defences. Already one of the world’s leading providers in a  highly fragmented security market, this investment is a clear sign of BT’s ambition to grow further.”

Saket Modi, Co-founder and CEO of Safe Security, said: “We’re  delighted to be working with a proven global security leader in BT. Their  investment and strategic partnership with Safe Security will further accelerate  our vision of making SAFE scores the industry standard for measuring and  mitigating cyber risks. By aligning BT’s global reach and capabilities with SAFE’s  ability to provide real-time visibility on cyber risk posture, we are going to  fundamentally change how cyber security is measured and managed across  the globe.”  

As part of this investment, BT will be granted exclusive rights to use and  sell SAFE to businesses and public sector bodies in the UK, and will incorporate  the platform within its wider global portfolio. In recognition of its experience in  providing security solutions to organisations across the world, BT will be  designated as the recommended global partner for improving a customer’s  SAFE score. BT will also work collaboratively with Safe Security to develop future  products.  

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