Challenges for Economic Security of the State in the Conditions of Forming the Digital Economy

Abstract

The rapid pace of technological progress has created new opportunities for each individual, business and state to achieve interests. Today, the digital economy is considered a component of the traditional one, and its share indicates the level of use of the latest digital technologies, which is becoming a dominant factor in improving the competitive position of a country in the world economic space. The development of high-tech industrial production with an increasing level of digitalization of all spheres of socio-economic environment creates conditions for further technological dominance of a limited number of leading countries. At the same time, the changes caused by digitalization require a revision of the basic principles of security at a key level, ie the economic security of the state. The aim of the study was to summarize the scientific achievements with the subsequent identification of key challenges that arise in the formation of the digital economy. To clarify the basic conditions for ensuring the economic security of the state, the following methods were used: induction and deduction, comparison and systematization – in justifying the need to identify challenges to ensure the economic security of the state; synthesis and analysis – in the study of the essential characteristics of the digital economy; morphological analysis – to establish a list and clarify the essence of the key challenges that arise in the process of forming the digital economy; graphic – for visual presentation of theoretical and methodological material; abstract-logical – for theoretical generalizations and conclusions of the study. Timely monitoring of changes in challenges is important to counter new threats. Careful study of foreign experience, including in economically developed countries, on the formation of the digital economy has identified a number of challenges (unsatisfactory level of economic preparedness; deepening digital inequality; increasing cyber attacks; waste of resources; increasing resource dependence; increasing technological dependence; uncontrolled structural changes in the economy; high probability of loss of confidentiality; growth of digital dependence in the population; strengthening of social inequality), in respect of which it is expedient to develop adequate response measures in order to avoid possible threats to the economic security of the state.