Security News > 2021 > July > BT tries to crack cyber crime, grabs stake in Safe Security

BT is looking to cash in on ever-growing global concerns over digital crime, and has confirmed making a multi million pound investment in US-based cyber risk management firm Safe Security.

As part of the deal, BT plans to combine Safe Security's "SAFE platform" with its own managed security services to provide added protection for its customers in the UK against cyber threats.

What seems to appeal to BT is that Safe Security's platform allows organisations to run a series of checks of their defences to help them better understand the likelihood of suffering a major cyber attack.

"Martin Courtney, an analyst at research biz Tech Market View, reckons the deal will"augment the telco's managed security service proposition with a cyber risk assessment tool that can help businesses and consumers measure the effectiveness of their existing defences.

"BT also sees the technology as a potential route to market for cyber insurance and other services that could benefit from an accurate appraisal of organisational and individual cyber risk scores in the future," he added.

Earlier this month Microsoft made a reported half a billion dollar investment in San Francisco-based security outfit RiskIQ which uses security intelligence to protect an enterprise from attack.

News URL

https://go.theregister.com/feed/www.theregister.com/2021/07/23/bt_safe_security/