Impact of Innovation and Digital Technologies on the Financial Security of the State

The article reveals the content of the economy digitalization as a challenge to the financial security of the state. The main advantages and additional opportunities for the national economic system from the introduction of information and telecommunication technologies are investigated. A comparative analysis of the level of implementation of innovations and digital technologies in Ukraine and other countries worldwide is carried out. It is substantiated that efficiency of the financial system in the face of the challenges associated with digital transformation is crucial in the development and maintenance of socio-economic stability of the state. A meaningful description of the financial security of the state is given, taking into account the concept of the information society. Risks, preconditions and factors of emergence of threats to financial security of the state in the conditions of digitalization are revealed. A multi-criteria description of threats to the financial security of the state in the process of digital transformation is given. The low level of protection against digital threats in Ukraine is revealed due to technological unpreparedness for introduction of innovations and digital technologies. It is established that ignoring the negative impact of fundamentally new threats, such as the cryptocurrency market, electronic payment services, cybercrime in the financial system and spread of misinformation, makes it impossible to ensure financial security. It is substantiated that indicators of digitalization processes should be taken into account in order to identify modern threats, objectively assess their impact and form priority areas for ensuring the financial security of the state.