BAE Systems predicts that corporate executives will prioritize the development of strategies in 2016 that will work to protect their companies' computer networks from potential cyber attacks.
The company said Thursday the adoption of chip-enabled or EMV cards in the U.S. will help reduce incidents of in-person card fraud over the next year but will encourage network threat actors to devise new methods to steal a person's card details.
Scott McVicar, general manager for Europe, Middle East and African region at BAE's applied intelligence unit, also cited potential cyber attacks on Internet of Things-based devices and networks in 2016.
“We're also likely to see an increased appetite among criminals for personal data gathered by IoT devices that show our ‘digital shadows’ ““ the behavior data that describe the patterns of our everyday lives, as well as more traditional identification and financial data,” Vicar added.
BAE called on companies to adopt a “business defense” strategy that aims to prevent cyber attacks through threat intelligence collection, integration of such intelligence with platforms that work against network attacks, and adoption of data analytics to detect unknown cyber threats.