Main part

Ukrainian State University of Finance and International Trade

Department of Information Technology

The Сyber Security Of Ukraine In The Context Of The Economic Crisis

Done by: Moskalenko P.S.

Coordinator: Sophiya Sapigura,

Senior teacher of Department

Of Foreign Languages

Kiev - 2015

Content

1) Introduction

2) Main part

3) Post-crisis roadmap for the Ukrainian economy

4) Upgrading existing strengths

5) Competition for innovation

6) Finding common ground for the way forward

7) Conclusion

8) List of used sources

Introduction

It's not a secret that Ukraine is now on the verge of default. To prevent this, we need to take a whole complex of restoration and progressive measures to increase the economic level of Ukraine.

Among the amount of pressing challenges, there seems to be one that can be solved by technical side of things. Here, we are talking about security of economy of Ukraine in the context of information security. And cryptography is the sphere of both theoretical and practical issues that can be used for that. Cryptography is a section of the IT sphere, that is studying methods to secure confidentiality and authenticity of the information.

Cryptography is very topical now, during an active information warfare. Hackers are constantly looking for weaknesses in the system to steal information and use it for malicious purposes.

Besides that, this abstract will be about other methods to get Ukraine out of the crisis. The main idea of this abstract is to find ways out to solve the problems that appear to be in Ukraine.

Main part

Over the past months, fundamental changes have taken place in Ukraine’s domestic and international politics, and the country is now at the center of an unprecedented crisis. Beyond these severe geopolitical uncertainties, the country’s economic foundation is challenged by longstanding internal political divisions, poor governance and global economic transformations. How best to achieve and implement the required economic and societal reforms is a discussion that should involve the entire Ukrainian society. The geopolitical crisis over Ukraine has understandably drawn the attention of decision-makers on how to avoid a further escalation of tensions. However, the popular upheaval that began in late 2013 and the political changes that followed have only reinforced the need for a serious dialogue on the long-term future of the country. Ukraine’s long-term challenges remain, irrespective of the geopolitical stand-off: from strengthening its domestic institutions and improving the investment climate to addressing developments in global energy and commodity markets as well as forging reliable and lasting trade relations with all its partners. Undoubtedly, decisions on those important questions need to be grounded in a broader long-term vision for the country.

Hence, Ukraine needs to build a broad societal consensus on a compelling modernization strategy, fostering its long-term economic and social development. Implementing such a strategy is a mammoth task that will take time and can only be carried forward with visionary leadership, wide public support and benefits distributed equally across society. The Scenarios for Ukraine seek to contribute to this long-term process by providing an impartial platform for engaging the wide range of stakeholders in a constructive and forward-looking policy dialogue. These scenarios build on a comprehensive stakeholder consultation convened and facilitated by the World Economic Forum over the course of 2013, involving more than 300 decisionmakers, business and civil society leaders and leading experts from Ukraine and beyond. Through a series of interviews and thematic workshops in Kyiv, London and Dnipropetrovsk, and a high-level Strategic Dialogue in Kyiv, these stakeholders explored different perspectives on how global, regional and domestic developments may affect and transform Ukraine in the decades ahead. This process included stakeholders from all parts of society, including those who are now driven apart on opposite sides of the ongoing political crisis. Irrespective of which political path Ukraine chooses in the future, the scenarios presented in this report can serve as a basis for constructive policy discussions. They focus on possible pathways for the country’s economic development – a perspective that is crucial even as broader geopolitical questions loom large.

The hope is that this process will continue to foster a forwardlooking dialogue that ultimately leads to more effective cooperation among stakeholders within Ukraine and among its partners in the EU, Russia and beyond. For this to happen, cooperation and trust are crucial to building a prosperous, innovative and inclusive economy in Ukraine.

Despite the current crisis, its geography, strong natural resource base and human capital make Ukraine well placed to leverage the next phase of globalization – defined by a soaring middle class in emerging markets – and achieve high levels of prosperity. However, institutional weaknesses coupled with the absence of a long-term development strategy are severely constraining the modernization of its economy, just as the country needs to adapt to a shifting global context.

Through a year-long strategic dialogue process, more than 300 decision-makers, government, business, and civil society leaders as well as leading experts sketched out different pathways for Ukraine’s future economic development. Stakeholders focused on three strategic challenges that determine the extent to which Ukraine can unleash its potential and benefit from the changing global environment. Adapting to Shifting Geographies of Demand in the Global Economy As demand for some of Ukraine’s traditional exports wanes, and emerging markets transition to greater domestic consumption, Ukraine needs to reposition itself in global markets and retool its economy in line with such transformations. Fostering Higher Levels of Value Creation in the Ukrainian Economy Across all sectors of the economy, significant new investments are needed to increase productivity and technology adoption, which in turn requires supportive institutions and a competitive market environment. Reducing Energy Intensity and Ensuring Reliable Access As one of the most energy intensive economies in the world, that is also highly reliant on energy imports, the country urgently needs to focus on a reliable investment climate with a special focus on the reform of energy prices. Central to all these challenges is the imperative to build a more supportive institutional environment based on effective cooperation among all stakeholders. The matrix of improving institutions, combined with external economic forces, sketch out the framework for the three scenario pathways that resulted from the strategic dialogue process.