BT takes multi-million pound stake in cyber firm Safe Security

NEW DELHI: British telecoms group BT has taken a multi-million pound stake in Silicon Valley cyber risk management firm Safe Security, underlining its ambition to target growth in the sector, the company said on Wednesday.

Making its first major third-party investment in cyber security since 2006, BT will be the largest investor in the latest round of funding for Safe Security which helps companies and governments gauge and mitigate cyber risk in real time by aggregating signals from people, processes and technology.

It then quantifies the risk as a score and dollar value on its SAFE platform.