The impact of digitalization risks on ensuring the economic security of the region

Abstract

The article discusses the impact of digitalization risks on ensuring the economic security of regions. The relevance of the research topic is due to changes in the trends in the deve-lopment of economic relations related to the digitalization of the economy. The article notes that the identification of risks and threats makes it possible to develop risk minimization procedures, draw up tactical and strategic plans focused on the prevention of risks and threats (“Mitigation”), the second stage - providing for measures and procedures if a risky situation has already occurred and it is necessary to eliminate the consequences or minimize losses from the occurrence of a risky event (“Contingency”). Special attention is paid to the classification of types and types of risks of digitalization. Based on the conducted research, the main types of risks are identified: the risks of using foggy and cloud technologies; the risks of fraud and violation of information confidentiality; the risks of technological lag, distributed by subgroups: software and hardware. It is noted that the improvement of digitalization procedures increases the convenience of calculations and the quality of life, allows you to optimize the processes in the activities of both legal entities and individuals, at the same time, has a significant impact on the economic security of legal entities and individuals, due to the high level of risk. In conclusion, examples of minimizing the risks of digitalization are given and tools and mechanisms for minimizing risks are proposed.