The Impact of Cyber Risks on the Functioning of the Accounting System and Their Management

The rapid digitalization of accounting and the growing reliance of accounting systems on information and communication technologies increase their vulnerability to cyberattacks, data leakage, unauthorized access, and the compromise of the integrity of financial information. Therefore, the development of effective approaches to identifying, assessing, and managing cyber risks is particularly relevant to ensure the continuity of the accounting system, the reliability of reporting, and the protection of accounting data. The article aims to reveal the impact of cyber threats on the enterprise's accounting system and to substantiate approaches to managing cyber risks in the context of the digitalization of management. This study is based on accounting information systems and a risk-based approach to managing cyber risks. From this point of view, accounting systems are integrated information environments where the processing of financial data depends on cybersecurity mechanisms and IT management. The study also applies the concept of cyber risk management, which integrates cybersecurity into corporate governance and internal control systems. Accordingly, cyber risks are interpreted not only as technical threats but also as structural factors that affect the reliability of financial reporting and decision-making processes. The article offers an overview of modern cyber risks, analyzing the trends of their evolution and spread. The results of the study show that effective cyber risk management requires an integrated approach that combines technical means of information protection, organizational measures, and improvements to the internal control system. Therefore, enterprises should integrate cybersecurity principles into the accounting system to ensure the integrity and reliability of financial information. The results of the study serve as a basis for improving risk management approaches to enhance information security for enterprises.