Security News > 2021 > July > SAFE Security raises $33M to help organizations improve risk analysis and prevent data breaches
This funding will fuel SAFE Security's expansion into the U.S. market as the Company pioneers a new category - Cybersecurity and Digital Business Risk Quantification to help organizations improve risk analysis and prevent data breaches.
The SAFE Security platform helps quantify this risk assessment across people, processes and technology with a 'SAFE score' to help leaders make informed decisions about cyber investments and priorities.
The investment will allow BT to combine the SAFE platform with its managed security services to provide customers with a real time view of how safe they are against an incredibly fast-moving cyber threat landscape.
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 acrossthe globe."
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.
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