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July 25, 2021 @ 10:16 pm By Omar Faridi
Safe Security, a Palo Alto-headquartered cyber risk management company established in 2012, recently acquired $33 million in capital via a round that was led by
BT Group Plc, which is notably one of the United Kingdom’s largest telecommunications and network service providers.
Safe Security, with its Security Assessment Framework for Enterprises (SAFE) platform, enables businesses or companies with monitoring their cybersecurity while gaining an understanding of the actual chances or probability of experiencing a serious cyberattack. The firm’s software determines the financial cost to clients’ risks and offers actionable insights on the measures they can take to avoid such attacks
Safe Security secures $33m led by telecom firm BT Group
Photo by Josh Appel on Unsplash
July 22, 2021
Safe Security, a Palo Alto-based cyber risk management firm founded in 2012 by three Indians, raised $33 million funding round led by BT Group Plc, one of the UK’s largest telecommunications and network providers.
Safe Security, with its Security Assessment Framework for Enterprises (SAFE) platform, allows organizations to check their defences and understand the likelihood of suffering a major cyberattack. It calculates a financial cost to customers’ risks and provides actionable insight on the steps that can be taken to address them.
The investment will allow BT to combine the SAFE platform with its managed security services to offer customers a real-time view of how safe the customers are. BT will also get 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 als