Subject. Financial risks arising in the process of digital transformation of the financial system. Objectives. To conduct a comprehensive analysis of new financial threats generated by the introduction of digital technologies, identify the causes of their emergence, and propose modern approaches to managing these risks. Methods. General scientific methods were used: analysis and synthesis, systematization, comparative method, and generalization method. Results. It has been established that digital transformation modifies traditional financial risks and generates new ones. These include: technological and operational risks (algorithm errors, infrastructure failures); cyber risks (attacks, data leaks); regulatory risks (legal lag and tightening of sanctions); personnel?related risks (shortage of digital competencies). The systemic causes of their emergence have been identified. Conclusions and Relevance. Digital transformation gives rise to new financial threats, the formation of which occurs faster than mechanisms for their control and management are developed. Effective risk management in the new environment requires a change in established rules. It is necessary to acquire skills in cyber resilience, develop financial and regulatory technologies, and enhance digital literacy. Competitive advantage will be gained by those institutions that integrate digital risk management into their strategy. The key role in this process remains with the human factor. The results can be used in the practice of financial organizations, in the work of economic and financial authorities, as well as in the educational process at universities.
Keywords: financial risks, digital threats, cybersecurity, risk management
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