Risks Associated with Threats Related to Disruptive Technologies in the Current Financial Systems Context

2021 ◽  
Vol 19 (161) ◽  
pp. 119-129
Author(s):  
Lavinia Mihaela CRISTEA ◽  
Keyword(s):  
Third Party ◽  
Financial Systems ◽  
Security Risks ◽  
Disruptive Technologies ◽  
Advanced Persistent Threats ◽  
The Subject ◽  
Practical Model ◽  
External Actors ◽  
The Impact ◽  
Security Incidents

The subject of the study is the analysis of the risks associated with threats generated by disruptive technologies in the context of current financial information systems of the entities. The phenomenon of cybercrime, facilitated by the development of Artificial Intelligence, Deep Learning and the disruptive frequency of security incidents represents the foundation of this paper. The aim of the article is to integrate, compare and investigate the impact of disruptive technologies, current security risks and incidents, and to design measures in order to manage risk. The results of this paper highlight Advanced Persistent Threats (APTs), malware, ransomware, sabotage of external actors, third-party threats in the top 5 most common security incidents. The paper acknowledges the complexity of digitization and transposes a practical model of risk management. The paper contributes to informing stakeholders about the forced penetration of hackers into victims' devices, under the pretext of COVID-19.

EFFECTIVE MARKETING TECHNIQUES FOR FINANCIAL SERVICES IN THE CONTEXT OF DIGITALIZATION: PROSPECTS AND PROBLEMS

2020 ◽  
Vol 4 (12) ◽  
pp. 88-91
Author(s):  
N. S. BATANOV ◽  
Keyword(s):  
Russian Federation ◽  
Financial Services ◽  
New Technologies ◽  
Digital Economy ◽  
Growth Potential ◽  
Financial Systems ◽  
Rapid Pace ◽  
The Subject ◽  
The Russian Federation ◽  
The Impact

Recently, new technologies have been developing at a rapid pace. Technological processes have an impact on all sectors of the economy and social activities of the country. Therefore, the issue of transformation of the Russian and world economies is relevant in connection with the increasing digitalization of the country. The subject of this article is the impact of the digitalization of the economy on financial systems and markets. The article shows the growth potential of the digital economy. The boundaries and contradictions of the digital economy are determined, and the article provides the features of the formation of the digital economy in the Russian Federation.

scholarly journals The Impact of Emerging and Disruptive Technologies on Security

2021 ◽  
Vol 26 (4) ◽  
pp. 261-268
Author(s):  
Ion Oprişor
Keyword(s):  
Social Life ◽  
New Technologies ◽  
Security Risks ◽  
Beneficial Effects ◽  
Positive Effects ◽  
Disruptive Technologies ◽  
Role Of The State ◽  
Security Information ◽  
The Impact

Abstract Emerging and disruptive technologies have mostly beneficial effects, determining the progress of society and rising the standard of living. Their integration in the subsequent strategies in the fields of economy, financial, energy, defence and security, information etc. can generate positive effects for the society as a whole. On the other hand, the malicious use of new technologies will amplify the risks and threats that a technological advanced state can project on other states or an alliance. As a result, new technologies bring human development opportunities as well as challenges and security risks. Therefore, the role of the state becomes essential not only from the perspective of supporting technological innovation, but also from that of managing security risks arising from emerging areas. With regard to Romania, our country is aware of the importance of developing emerging and disruptive technologies in all domains of social life, in particular in the sectors of economy and security and defence. To address the malicious use of emerging and disruptive technologies, Romania aims at adopting complex measures based on an inter-institutional approach to enhance national resilience in domains that new technologies can affect the human activity.

Patients’ Rights in a Technology and Market Driven-Europe

2010 ◽  
Vol 17 (1) ◽  
pp. 11-22 ◽  
Author(s):  
Henriette D.C. Roscam Abbing
Keyword(s):  
Health Care ◽  
Private Life ◽  
Third Party ◽  
The Public ◽  
Patients Rights ◽  
Cross Border ◽  
Technological Advances ◽  
The Subject ◽  
Market Driven ◽  
The Impact

AbstractThis article deals with the impact on patients’ rights of medical and technological advances in a market oriented (European) society: what are the advantages and risks, what are the challenges that lay ahead of us? After introducing the subject matter, the first part deals with risks for patients’ rights in the European cross border context (health care, direct to the public screening offers and biomedical research). The second part sketches some of the implications of innovation in health care and medical technology for patients’ rights to autonomy and private life, particularly when third party interests are involved. The article ends with some suggestions on how best to protect patients’ rights in the perspective of innovation in health care and medical research.

Managing Service Quality, Food Quality, Price Fairness and Customer Retention: A Holistic Perspective

2020 ◽  
Vol 2 (1) ◽  
pp. 1-5
Author(s):  
Ammar Ahmed ◽  
Rafat Naseer ◽  
Muhammad Asadullah ◽  
Hadia Khan
Keyword(s):  
Service Quality ◽  
Food Quality ◽  
Service Sector ◽  
Customer Retention ◽  
Price Fairness ◽  
Policy Makers ◽  
Restaurant Management ◽  
The Subject ◽  
Research Propositions ◽  
The Impact

In this competitive environment, organizations strive to satisfy their customer by providing best quality service at affordable and fair prices with a view to enhance their revenues. To achieve the objective of revenue maximization, organizations strive to identify the factors that help them in retaining their customers. Drawing from the signalling theory of marketing, the current study proposes a novel conceptual model representing the impact of service quality with food quality and price fairness on customer retention in restaurant sector of Pakistan. The paper underlines an important arena of knowledge for academicians as well as organizational scientists on the subject. On the basis of literature available on the variables understudy, the present study forwards eight research propositions worthy of urgent scholarly attention. The conceptualized model of the present article can also be viewed significant in unleashing further avenues for the restaurant management entities, policy makers and future researchers in the domain of managing in the service sector businesses.

Solow economy model

2019 ◽  
pp. 150-157
Author(s):  
Oleksandr Synenko ◽  
Kateryna Yarema ◽  
Yuliia Bezsmertna
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Solow Model ◽  
Economy Model ◽  
Accelerated Depreciation ◽  
Basic Parameters ◽  
The Subject ◽  
Investment Process ◽  
The Impact ◽  
Model Algorithm

The subject of the research is the approach to the possibility of using the Solow model to perform the regression analysis on the example of the Ukrainian economy model. The purpose of writing this article is to investigate the notion of regres- sion analysis, Solow’s economy model, algorithm for performing regression analy- sis on the example of Ukraine’s economy model. This model can be adapted for the economy of enterprises. Methodology. The research methodology is system-struc- tural and comparative analyzes (to study the structure of GDP); monograph (when studying methods of regression analysis on the example of the Ukrainian economy); economic analysis (when assessing the impact of factors on Ukraine’s GDP). The scientific novelty consists the features of the use of the Solow model on the ex- ample of Ukrainian economy are determined. An algorithm for calculating the basic parameters of a model using the Excel application package is disclosed. The main recommendations on the development of the national economy and economic growth through the use of macroeconomic instruments are given. Conclusions. The use of the Solow model enables forecasting and analysis. The results obtained re- vealed the problem of low resource return of capital as a resource, along with the means of macroeconomic regulation of the investment process, using which can improve the situation. A special place in these funds belongs to the accelerated depreciation and interest rate policies.

Assessment of small businesses activities in Ukraine

2019 ◽  
pp. 40-47
Author(s):  
Igor Ponomarenko ◽  
Kateryna Volovnenko
Keyword(s):  
Comparative Analysis ◽  
Statistical Analysis ◽  
Small Business ◽  
Small Businesses ◽  
Government Agencies ◽  
Small Enterprises ◽  
The Subject ◽  
Business Entities ◽  
The Impact ◽  
Micro Enterprises

The subject of the research is a set of approaches to the statistical analysis ofthe activities of small business entities in Ukraine, including micro-enterprises. The purpose of writing this article is to study of the features of functioningof small business entities in Ukraine. Methodology. The research methodology isto use a system-structural and comparative analysis (to study the change in thenumber of small enterprises by major components); monographic (when studyingmethods of statistical analysis of small businesses); economic analysis (when assessing the impact of small business entities on socio-economic phenomena andprocesses in Ukraine). The scientific novelty consists to determine the features ofthe functioning of small businesses in Ukraine in modern conditions. The influenceof the activities of the main socio-economic and political indicators on the activities of small enterprises in recent periods of time has been identified. It has beenestablished that there is flexibility in the development of strategies by small businesses in conditions of significant competition, which makes it possible to quicklyrespond to changing situations in specific markets. Conclusions. The use of acomprehensive statistical analysis of small businesses functioning in Ukraine willallow government agencies to develop a set of measures to optimize the activitiesof these enterprises, which ultimately will positively affect the strengthening oftheir competitiveness and will contribute to the growth of the national economicsystem.

The Impact of Quantitative Easing on Emerging Markets – Literature Review

e-Finanse ◽  
2018 ◽  
Vol 14 (4) ◽  
pp. 67-76
Author(s):  
Piotr Bartkiewicz
Keyword(s):  
Emerging Markets ◽  
Large Scale ◽  
Empirical Literature ◽  
Quantitative Easing ◽  
Methodological Choices ◽  
The Subject ◽  
Methodological Approaches ◽  
The Impact ◽  
Sufficient Precision

AbstractThe article presents the results of the review of the empirical literature regarding the impact of quantitative easing (QE) on emerging markets (EMs). The subject is of interest to policymakers and researchers due to the increasingly larger role of EMs in the world economy and the large-scale capital flows occurring after 2009. The review is conducted in a systematic manner and takes into consideration different methodological choices, samples and measurement issues. The paper puts the summarized results in the context of transmission channels identified in the literature. There are few distinct methodological approaches present in the literature. While there is a consensus regarding the direction of the impact of QE on EMs, its size and durability have not yet been assessed with sufficient precision. In addition, there are clear gaps in the empirical findings, not least related to relative underrepresentation of the CEE region (in particular, Poland).

Assessment of sensitivity of the efficiency of regional tax spending towards investment attractiveness of the types of economic activity carried out by the residents of advanced development territory

2020 ◽  
pp. 98-110
Author(s):  
Evgeniya Mikhailovna Popova ◽  
Guzel Mukhtarovna Guseinova ◽  
Sergei Borisovich Milov
Keyword(s):  
Economic Activity ◽  
Socioeconomic Development ◽  
Federal District ◽  
Tax Incentives ◽  
Capital Investments ◽  
The Subject ◽  
Investment Process ◽  
The Impact ◽  
Advanced Development

The deficit of subnational budgets and deceleration capital investments in multiple Russian regions increase the relevance of research aimed at improvement of tax incentivizing practice of the regional investment process. The studies focused on determination of the impact of socioeconomic and institutional factors upon the efficiency of investment tax expenses obtained wide circulation within the foreign scientific literature. The subject of this article is the assessment of sensitivity of the efficiency of regional tax expanses towards investment attractiveness of the types of economic activity carried out by the residents of territories of advanced socioeconomic development, created in the subjects of Far Easter Federal District. The scientific novelty and practical values of this research consists in substantiation of the reasonableness of assessment of investment attractiveness of the types of economic activity that are stimulated by tax incentives. Methodology for assessing investment attractiveness is proposed and tested. The conclusion is made that in case of low investment attractiveness of the type of economic activity, which was planned to support by tax incentives, it is required to conduct and additional analysis to avoid unjustified tax expanses.

Anne O. Krueger, Constantine Michalopoulos and Vernon W. Ruttan. Aid and Development. Baltimore: The Johns Hopkins University Press. 1989. xiv + 386 pp.Price: U.S. $ 52.00

1991 ◽  
Vol 30 (2) ◽  
pp. 213-217
Author(s):  
Mir Annice Mahmood
Keyword(s):  
United States ◽  
Economic Development ◽  
International Development ◽  
Western Europe ◽  
Development Assistance ◽  
The United States ◽  
Social Infrastructure ◽  
Low Literacy ◽  
The Subject ◽  
The Impact

Foreign aid has been the subject of much examination and research ever since it entered the economic armamentarium approximately 45 years ago. This was the time when the Second World War had successfully ended for the Allies in the defeat of Germany and Japan. However, a new enemy, the Soviet Union, had materialized at the end of the conflict. To counter the threat from the East, the United States undertook the implementation of the Marshal Plan, which was extremely successful in rebuilding and revitalizing a shattered Western Europe. Aid had made its impact. The book under review is by three well-known economists and is the outcome of a study sponsored by the Department of State and the United States Agency for International Development. The major objective of this study was to evaluate the impact of assistance, i.e., aid, on economic development. This evaluation however, was to be based on the existing literature on the subject. The book has five major parts: Part One deals with development thought and development assistance; Part Two looks at the relationship between donors and recipients; Part Three evaluates the use of aid by sector; Part Four presents country case-studies; and Part Five synthesizes the lessons from development assistance. Part One of the book is very informative in that it summarises very concisely the theoretical underpinnings of the aid process. In the beginning, aid was thought to be the answer to underdevelopment which could be achieved by a transfer of capital from the rich to the poor. This approach, however, did not succeed as it was simplistic. Capital transfers were not sufficient in themselves to bring about development, as research in this area came to reveal. The development process is a complicated one, with inputs from all sectors of the economy. Thus, it came to be recognized that factors such as low literacy rates, poor health facilities, and lack of social infrastructure are also responsible for economic backwardness. Part One of the book, therefore, sums up appropriately the various trends in development thought. This is important because the book deals primarily with the issue of the effectiveness of aid as a catalyst to further economic development.

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