Practice of the Implementation Cyber Security and Financial Inclusion at the Micro-, Macro- and Global Levels of the Economy

Keywords: cybersecurity, financial inclusion, cyber-attacks, digitalization, financial institutions, financial technologies


Authors presented main aspects of cybersecurity in the current context of global challenges in terms of password protection Wi-Fi network, hacking detection, external cyber threats, complex mechanisms of hacking IT systems, cyberattacks that are complex and widespread. The opinion is expressed that one of the tendencies of development of cybersecurity of Ukraine is creation of the concept and introduction of technologies of Smart Information Systems. Main results achieved should be the ability to monitor, controllable, intelligent control of the decision-making system of digital asset management, which provides high reliability and high economic performance. Authors expressed the opinion that Enabling Financial and Digital Inclusion takes place through the implementation of the following chain type: “Financial identity – Secure electronic account – Ability to save, borrow, insure – Access to global economy”. In general, the future of finance in digital world, which involves the emergence of new qualities of financial literacy, is possible through the following vectors of development, namely: The finance factory, The role of Finance, Finance cycles, Self-service, Operating model, Finance applications and micro-services, Workforce and workplace. Main threats to national security are named, including the inconsistency of infrastructure and modern requirements; Insufficient efficiency and level of coordination of the security and defense sector of Ukraine. Pursuing the goal of successful implementation of the Cyber Security Strategy of Ukraine, it is proposed to move on to the following steps, namely: to follow the path of creating a national cybersecurity system; increasing the effectiveness of combating threats in the military sphere; cyber protection of state electronic information resources, as well as information infrastructure; protection of the interests of the citizen, society and the state in cyberspace. Authors presented a practical example of licensing DigitalLab by businesses to enhance cybersecurity through the use of DigitalLab-Light, DigitalLab-Express, DigitalLab-Standart, DigitelLab-PRO.

Author Biographies

Kateryna Kraus, Borys Grinchenko Kyiv University

Cand. Sc. (Economics), Associate Professor, Department of Management

Nataliia Kraus, Borys Grinchenko Kyiv University

Dr. Sc. (Economics), Professor, Department of Finance and Economics

Olena Shtepa, Borys Grinchenko Kyiv University

Cand. Sc. (Economics), Associate Professor, Department of Management


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How to Cite
Kraus, K., Kraus, N., & Shtepa, O. (2022). Practice of the Implementation Cyber Security and Financial Inclusion at the Micro-, Macro- and Global Levels of the Economy. VUZF Review, 7(2), 25-40.