Risk and security analysis of the electronic payment system
Today, humanity is rapidly moving towards digital economy with all the accompanying characteristics and attributes. This process will open up additional socio-economic opportunities, such as introduction of digital money systems, but also generate various risks and threats to the security of electronic platforms in the form of hacks and cyber attacks. Electronic money is one of the most important elements of the current stage of economic development. The relevance of the topic of the presented scientific research is due to the lack of elaboration of the Russian legal framework for the turnover of electronic money, and, consequently, the possibility of various economic and legal risks and threats that reduce the security of electronic money transfer operations. Purpose of the article is as follows. On the basis of generalization and systematization of normative legal base of the Russian Federation, the author sets the goal to identify and assess the economic and legal risks of the electronic money system and develop recommendations for improving the safe use of electronic money. The methodological basis of the research is based on the following methods: the general scientific dialectical method of cognition, as well as a number of particular scientific methods such as the system method, the method of comparative analysis, the formal-logical method of interpretation of law, normative and formal-legal methods. The normative-legal basis of the work is the legislative and subordinate acts of the Russian Federation, special scientific literature, statistical data sets, as well as materials of judicial practice. The empirical basis of the study is based on the materials of both published in official sources and unpublished judicial practice. The author of the study, based on the systematization of electronic money regulation models, concludes that it is necessary and mandatory to develop a special regulatory framework of electronic money circulation in Russia. Based on the analysis of the risks and security associated with the issue of electronic money, recommendations for managing these risks have been developed.