The mechanism for managing the financial and economic security of an enterprise in the context of instability

Abstract

The development of the information sphere and the corresponding increase in its volume and cost is accompanied by the introduction of advanced information technologies in all spheres of public life of the state, which leads to an increase in the frequency of attacks and potential losses from information leakage. As a result, the complexity of protection systems and an increase in their cost. In these conditions, the task to efficiently distribute limited financial resources to protect the information of business entities becomes more and more important and largely determines the level of financial and economic security of the enterprise and the state as a whole. Of particular relevance is the development of issues of optimisation of indicators of the information security system in a dynamic confrontation. Such indicators can be the amount of damage caused from the implementation of information threats, which determines the effectiveness of the protection system, the profit from making investments in information protection, their profitability, and the like. It was established that it is necessary to determine the total amount of protection resources, which minimises the total losses from possible information leakage in conditions of instability. The authors believe that the optimal control mechanism is the distribution of resources between objects that contain a different share of information and are distinguished by natural security, dynamic vulnerability, and the probability of an attack with the allocation of a certain amount of resources. The practical significance of the study lies in determining the optimal moment for the introduction of defence resources – after the direction and intensity of attacks and, accordingly, the possible level of losses was clarified.

The Role of Digitalization in Ensuring the Financial and Economic Security of Trading Enterprises Under the Conditions of External Shocks

“…A group of scientists prove the relevance of financial management issues of economic security of a modern enterprise in the conditions of innovative economy and rapid development of digitalization processes [21][22][23][24][25][26]. Within the scope of the article Semenov et al [21], it is proved that the uncertainty and high turbulence of the processes of the functional environment of the enterprise provokes a large number of risks in the enterprise.…”

“…The authors proposed a methodical approach based on the formation of alternative options for the resource provision with the possibility of choosing a suitable one among them. Mishchuk et al [25] and Sova et al [26] prove that the vertical integration of the enterprises affects the changes in their financial activity and economic security. The authors are convinced that if a management decision is purposefully made to increase the level of the economic security, it can lead not only to an increase in its level, but also to a reduction in the time it takes to reach the limit of the economic security indicators.…”

Development of the Bankruptcy Institute in Ukraine in the Context of Ensuring Economic Security of Business

“…Mihus et al [7], Kniazevych et al [8], Sova et al [9], Turylo et al [10] considere the bankruptcy institute as a set of preventive measures to ensure the economic security of the business.…”

Substantiation of the Risk Neutralization Mechanism in the Financial Security Management of Agricultural Enterprises

“…In her research, Horiacheva offers the following statement regarding the category of financial security of the enterprise: "which is manifested in the existing financial state, which is characterized by the balance and quality of financial instruments, technologies and services, resistance to threats, the ability of the financial system of the enterprise to ensure the realization of its own financial interests, missions and tasks with sufficient amounts of financial resources, as well as to ensure the effective and sustainable development of this financial system" [2].…”