Bulletin of Cherkasy State Technological University

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Information risks of the digital format

Danchenko Olena, Yevhen Lanskykh, Alexander Semko

Received 23.06.2020, Revised 29.09.2020, Accepted 19.10.2020

Abstract

The article is devoted to the issue of reliability and protection of information resources, possible negative consequences when risk situations arise. The authors have made an attempt to define the essence and content of the concept of information risk in the conditions of the digital revolution and new technologies, noted the need for a comprehensive approach to the identification and analysis of information risks, reducing negative consequences in case of risk events. Particular attention is paid to information risks as a component of risks arising from the use of different information technologies. Losses from information risks can be material (in the form of damages, lawsuits, etc.), and can be viewed through the prism of intangible losses (in the form of loss of trust or, in general, reputation). The main task of information security professionals is to apply timely and complete assessment of IT risks using methodological bases of risk management. Organizations must determine their strategy in information security in order to further manage their risks effectively. In the article the authors give an example of analysis, estimation, probability matrix and possible influence of risk events in the process of digitization. To help combat IT risks in the information technology market, software has been developed to provide adequate management by information flows and IT risks, including Risk Advisor, COBRA, KONDOR +, Proteus Enterprise, OCTAVE, as well as Digital Security Office, RiskManager, Oracle Crystal Ball, @Risk, Risk Watch. It is difficult to imagine what other risks an organization and society will face in the near future in the way of digitization. In this sense, an attempt to find ways and opportunities to safely overcome potential threats, based on trends and priorities which are dictated by the market and society, is quite promising

Keywords:

information risk; digital transformation; risk management; classification; information technologies

https://doi.org/10.24025/2306-4412.3.2020.200792

Retrieved from Volume 25, No. 3, 2020

Pages 58-66

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Suggested citation

Olena, O., Lanskykh, Ye., & Semko , A. (2020). Information risks of the digital format . Bulletin of Cherkasy State Technological University, 25(3), 58-66. https://doi.org/10.24025/2306-4412.3.2020.200792

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