Abstract
Implementation of computer communication technologies in social and economic processes has led to increased cyberattacks aimed to provide third parties with economic benefits or cause enterprises economic damages. The paper substantiates the impact of cyber risks on the economic security of enterprises, including the influence on the cybersecurity of accounting data as its important component. The aim of the article is to assert accounting as an innovative multilevel mechanism of ensuring the interaction of economic and cyber security. Theoretical and methodological aspects of positing accounting as a set of multi-option methods of implementing economic and cyber security interaction were investigated using institutional and innovational methods of scientific research. Economic and mathematical methods of analysis were used to substantiate the interdependence of global indices of state development.It is proven that the extent of digital competitiveness has the greatest influence on the frequency of cyber threats. At the same time, the development of information and communication technologies, innovativeness of the economy, connectivity, and Internet accessibility affect it to a lesser degree. Five levels of information interaction between economic and cyber security of enterprises are identified, viz: the methodological level: determined the impact of cyber threats on the principles and functions of accounting; the quality level: impact on the quality of accounting information; the methodical level: impact on accounting items and accounting types; the communication level: impact on accounting communication with stakeholders; the reputation level: impact on the business image and enterprise goodwill. If cyber threats are realized at these levels, this adds up to increasing economic losses for the enterprise. The paper argues for implementing a feedback mechanism for economic and cyber security conducted using accounting whose task is to credibly identify and evaluate economic losses arising due to cyber risks. It is proven that the methodology of identifying and evaluating economic losses arising in the enterprise due to cyber threats through accounting requires further scientific investigation.
Highlights
The emergence of the digital economy, the growing number of global hybrid conflicts, social distancing, and remote operation of enterprises in a pandemic have led to increased cyber threats to economic systems at micro and macro levels
Implementing computer and communication technologies in all socio-economic processes has led to the growing number and intensity of cyber threats to enterprise operations
Accounting links are present at five accumulative levels and explain the impact of cyber risk activity on the increase in threats to the economic security of economic entities
Summary
The emergence of the digital economy, the growing number of global hybrid conflicts, social distancing, and remote operation of enterprises in a pandemic have led to increased cyber threats to economic systems at micro and macro levels. Most cyber risks inherent to the activities of economic entities are associated with the theft of accounting information or the reduction of its quality parameters. The economic security of the enterprise is ensured by complying with the qualitative requirements for accounting information. Management decisions based on false (distorted or corrupted) accounting information cause damage to the economic security of the enterprise. The actions of internal users operating accounting information are related to the enterprise's economic activities, while the external users affect the functioning of other economic entities. Non-compliance with the qualitative parameters of the accounting system causes economic damages twice: first, through direct losses due to the actions or inaction of managers (owners and founders) and, second, through indirect losses or lost economic benefits that could have been extracted from cooperation with external stakeholders. The relationship between economic and security activities involves the study of accounting mechanisms to identify the impact of cyber threats on the economic security of the enterprise
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