THE ROLE OF DIGITALISATION IN THE DEVELOPMENT OF A FINANCIAL SECURITY SYSTEM FOR IT-COMPANIES

Abstract

The purpose of this study is to examine the role of digitalization in shaping and strengthening the financial security system of IT enterprises operating in a volatile and competitive external environment. The relevance of the topic is driven by the rapid digital transformation of the global economy, which simultaneously creates new opportunities and generates unprecedented financial risks for IT companies. In the context of digitalization, financial security is no longer a static concept – it requires continuous adaptation to emerging technological threats, cybercriminal activity, and volatile market conditions. The research employs a combination of scientific methods, including systematic analysis and synthesis for examining the theoretical foundations of financial security; comparative analysis for evaluating the effectiveness of various digital instruments; economic-statistical methods for assessing the relationship between digitalization indicators and the level of financial security; and the expert assessment method for validating practical recommendations. The study identifies the essential characteristics of financial security specific to IT enterprises and distinguishes them from those of traditional industries. Key threats in the financial domain include revenue concentration risk, cybersecurity breaches leading to financial loss, intellectual property theft, currency and liquidity risks, and regulatory compliance challenges across multiple jurisdictions. The research systematizes modern digital tools applicable to financial security management, including artificial intelligence and machine learning for anomaly detection and fraud prevention, blockchain technology for transaction transparency and smart contract execution, big data analytics for real-time financial monitoring, and cloud-based financial management platforms. The results demonstrate a statistically significant positive correlation between the level of enterprise digitalization and the resilience of its financial security system. Enterprises that have implemented advanced digital monitoring tools exhibit a substantially lower incidence of financial losses from cyber threats and operational disruptions. The practical value of this research lies in the development of a conceptual framework for integrating digital solutions into the financial security management system of IT enterprises, which can be applied by financial directors, risk managers, and policymakers in designing corporate financial protection strategies.