The impact of cybercrime on the digital economy

Abstract

Keywords: human capital, remote work, cybersecurity, hybrid workforce, digitaleconomics The article considersfactors of cyber hazards for the world economic system that appeared during the pandemicCOVID-19, as well as transition of the economy to the «new normal», in the contextof digitalization in the following aspects: digitalization and new working conditions,use of hybrid work, biological pandemic and cyber-pandemic and their influence onchanges in the economy, factors of cyber threats to business. It is highlighted that thepandemic and the abrupt transition to the use of remote forms of work have become extraordinaryevents in the world over the past two years. The objective precondition forsuch a change in the socio-economic and military features was the reorientation of theworld's leading economies (primarily the United States and China) to the powerful digitalizationof all spheres of human life and, above all, the creation of new technologies. Itis noted that China invests more than other countries (including the United States) inadvanced technology and training of highly qualified specialists, especially with a doctordegree that requires a high level of digital technology and appropriate literacy, and provideseffective adaptation to any working conditions including hybrid.The emergence of a hybrid working ecosystem and hybrid workforce is analysed, aswell as their advantages and disadvantages are substantiated. It is noted that the digitaleconomy has several new aspects compared to the traditional one. The emergence of hybridwork, the corresponding changes in the emergence of hybrid workforce and in the organizationof production management are the most dynamic components of change.However, even faster changes are taking place in the security of business, more precisely— in the growth of its vulnerability due to the rapid development of cyber threats inthe digital environment, which the economy has only begun to actively master, but hasnot yet created the necessary system of self-defence. Remote form of work has given riseto new forms of business — the creation and use of cyber threats. The emergence of acyber-pandemic as a result of rapid digitization due to the COVID-19 pandemic and thetransition of labour to remote form is analysed. The most important factors of cybersecurityfor the successful operation of companies are highlighted.