The role of information technologies in ensuring banking security

Abstract

Abstract In this paper, using practical examples, the author dwells on the possibilities of innovative technologies in banking. The necessity of implementing modern security systems to create a safe business space for banks is substantiated. The main trends and leading technologies in the area of information security are considered. The importance of tracking threats and risks associated with user information and resources in a fast and timely manner is emphasized. The article highlights modern information technologies and methods aimed at strengthening business processes, the implementation of which increases security of financial organizations and their ability to resist external threats. In the article, the technologies and methods described include Paperless Office technology, deactualization risks, social engineering, biometric identification, psychology of information security (from here on, IS-psychology), regulatory and supervisory technologies. The advantages and disadvantages of modern information approaches to solving problems of external threats discussed in the article are described. The objective of this research is to justify and reveal the importance of innovative technologies in maintaining the necessary level of security, as well as improving the protection and resilience of domestic banking systems in terms of external threats. General scientific methods are used as research methods: analysis and synthesis, generalization, interpretation of graphic information, as well as statistical analysis. The results of the study allow to claim that the development of innovative financial technologies and the digitalization of business processes in banking lead to systemic contradictions in the balance between the potential benefits of and damage to the system of financial relations. On the one hand, the emergence of modern innovative technologies provide the opportunity for the banking sector to improve and modernize the processes of its activities, and on the other hand, the very same advanced technologies can be used by scammers, which produces a detrimental effect on both banks and consumers. It appears to be so due to the fact that advanced technologies are relatively new and just being implemented into banking, which is characterized by the presence of both merits and downsides.