Information Security Challenges in the Modern Economy

Abstract

The modern economy is evolving rapidly amid digital transformation, bringing new opportunities along with increasing risks. Information security has become an increasingly critical issue, as economic systems heavily depend on technological infrastructure, making the protection of information resources a top priority. Cyberattacks, data breaches, phishing, and other cybercrimes pose significant threats to businesses, financial institutions, and government organizations.

A breach of information security causes not only financial losses for companies but also damages their reputation and customer trust, ultimately impacting the entire economic system. Consequently, the issue transcends the technical level and becomes a strategic and politically important problem. Businesses and government agencies face the necessity to integrate advanced technologies such as artificial intelligence, machine learning, blockchain, and automation to effectively combat modern cyber threats.

This article aims to analyze the challenges of information security in the modern economy, including the economic damage caused by cyberattacks, opportunities for using innovative technologies, and the importance of relevant policies. Special attention is given to the context of Georgia, where the digital economy is rapidly developing but accompanied by challenges that require a systemic approach from both the public and private sectors.

It is noteworthy that information security is an integral component of a country’s economic development and maintaining competitiveness in global markets. Therefore, effective legal frameworks, updates of national security strategies, and active cooperation with international partners are required.

In this way, the article serves not only to identify challenges but also to propose solutions that ensure a sustainable and secure economic environment in the digital age.