Development of bank risk management as a way to ensure economic security

Abstract

The authors of the scientific article present a study on the development of banking risk management in the context of digital transformation of business processes and business operations. The conditions for the formation of risk management strategies of the largest banks in Russia are analyzed. Aspects of regulatory requirements in Russia and abroad for risk management, including cyber risks, are investigated. An integrated model of banking cyber risk management is proposed, supplemented by the provisions of the COSO ERM and FERMA standards, and recommendations for its use are given.