The defence and security product company BAE Systems reported sales increased by 2pc to £18.2bn according to its 2013 annual results.
BAE Systems Applied Intelligence is the IT security and cyber arm of the firm, formerly ‘Detica’.
Martin Sutherland, Managing Director of BAE Systems Applied Intelligence said: “The single biggest issue that will hit organisations in 2014 will be the rise of digital criminality as fraud becomes increasingly cyber enabled. That means we’ll see digital criminals using cyber and fraud techniques simultaneously to carry out far more sophisticated digital crimes than ever before. We believe our global business model puts us in a strong position to deliver a full portfolio of products and services that meet those concerns. We expect growth in cyber and intelligence, both in the UK and overseas government markets, with increasing demand for products and services in commercial markets to manage cyber threats, counter financial fraud and improve compliance. And as the world increasingly relies on new communications technology, we also believe the business is well positioned for future growth in the development of next-generation security for mobile devices.”
BAE Systems Applied Intelligence was named as official cyber security partner to McLaren in April. The business also won a series of new cyber security and services contracts in the Middle East. In April 2013 the firm’s CyberReveal, described as a defence-grade cyber threat monitoring solution, was launched for organisations to use in-house for the first time.
Web: www.baesystems.com
