INTELLIGENT BRANDS // Enterprise Security

BT has announced a significant investment in Safe Security , an industry-leading cyber-risk management firm headquartered in Silicon Valley .

Headquartered in Silicon Valley , its SAFE ( Security Assessment Framework for Enterprises ) platform allows organizations to take a health check of their existing defences and understand their likelihood of suffering a major cyberattack .

Industry analysis estimates that the cost of global cybercrime reached over US $ 1 trillion in 2020 , as criminals exploited seismic changes in everyday life to target both individuals and organizations of all sizes . multiple Fortune 500 companies and governments around the world .

Philip Jansen , Chief Executive of BT , said : “ Cybersecurity 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 cybersecurity is measured and managed across the globe .”

As part of this investment , BT will incorporate the platform within its wider global portfolio . In recognition of its experience in providing security solutions to organizations 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 . p

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 cyberattack .

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 cyberthreat 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 organizations to surgically target gaps in their defences , and already protects

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