BT makes investment in Safe Security based in Silicon Valley

BT announced a multi-million pound investment in Safe Security, a cyber risk management firm based in Silicon Valley.
Safe Security’s SAFE (Security Assessment  Framework for Enterprises) platform allows organizations to take a health check of their existing defenses and understand their likelihood of suffering a major cyber attack.

The investment in Safe Security will allow BT to offer the combined SAFE platform and managed security services to customers. 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 Safe Security platform enables organizations to surgically target gaps in their defenses, and already protects multiple Fortune 500 companies and governments around the world. The company did not reveal more details.

Philip Jansen, Chief Executive of BT, said: “Adding SAFE to BT’s security services will give customers an enhanced view of their threat level, and rapidly pinpoint specific actions needed to strengthen their defenses.”

Saket Modi, Co-founder and CEO of Safe Security, said: “BT’s investment and partnership with Safe  Security will further accelerate our vision of making SAFE scores the industry standard for measuring and mitigating cyber risks.”

BT will have 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. BT will be designated as the global partner for improving a customer’s SAFE score. BT will also work collaboratively with Safe Security to develop future products.