THE IMPACT OF CYBERCRIME RISK ON TECHNOLOGICAL COMPANIES’ ACTIVITIES

Abstract

The article investigates the impact of cybercrime risks on technological enterprises’ operations, highlighting the substantial losses incurred due to cyberattacks on computer systems, infrastructure, and personal data storage. It justifies considering cybercrime as a distinct risk factor and emphasizes the importance of analyzing and controlling this risk alongside others. The concept of «cybercrime» and «cybercriminal» is clarified based on Ukrainian, European, American, and global legislative perspectives. The article discusses how cybercrime risk influences enterprise activities and the relevance of managing this risk within business entities’ risk management processes. It suggests integrating this risk into the risk classification of technological enterprises, particularly in the IT sector.
Additionally, the article examines the financial losses incurred by business entities as victims of major cybercrimes and classifies risks associated with cybercrime based on their impact on physical and legal entities. It proposes identifying key types of crimes that can cause significant losses to legal entities. The analysis and synthesis of related research underscore the importance of prioritizing cybercrime risks in the risk management processes of technological enterprises, including those in the IT industry.
The practical value of the article lies in familiarizing readers with cybercrime and its primary types, emphasizing the significance of analyzing and controlling associated risks.