back to article 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. The UK telco wouldn’t say how much it has pumped into the US business, which raised almost $50m from investors since its formation in 2012 …

  1. Version 1.0 Silver badge
    Alert

    Look at both sides of the fence

    Ransomware has the potential to make a lot of people money ... 100% legally. We used to see this argument in the early days of virus infections when the AV vendors were accuse of promoting viruses but it was just a "guess" back then - I don't see insurance companies facing that "false news" these days but malware is definitely a marketing feature in the insurance industry now.

    1. Lil Endian

      Re: Look at both sides of the fence

      Yeah, it's a nasty thought.

      Insurers, infosec providers, training courses...

    2. elsergiovolador Silver badge

      Re: Look at both sides of the fence

      It's interesting how they use ransomware to ban crypto.

      - Turn off the power for a few days

      - Tell people we got hacked

      - They want us to send crypto

      - Turn on the power

      - Ban crypto

      Now every time someone opposes banning crypto, you can shut them down saying "oh so you want hackers to destroy our infrastructure?"

  2. The Boojum
    Thumb Down

    It would be nice if BT 'spent' £££s on preventing spam calls by blocking them, but no, that would hurt revenue.

  3. ChoHag
    Pint

    Managed Farce

    I resisted registering with the register so long but I've finally been Triggered. This particularly caught my eye: "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."

    I worked as a contractor for the BT department which provides "managed security services" about 10 years ago and there are not enough corn kernels in the house to deal with the inevitable outcome of this.

    To set the stage, my induction included strong emphasis on rule 1 being You Do Not Talk About Working For BT Security, followed by lunch walking through town with the chief engineer (!) declaiming at volume each of the high street brands he was responsible for the security of.

    This is pure posturing (which in security terms means "dance with the devil? hold my beer!") because BT haven't got the faintest idea what they're up against and I will be watching this one with interest.

  4. Vader
    Mushroom

    BT are just poor at most things. Their network division is laughable.

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