Subject Consideration of the potential impact of various risks associated with work in cyberspace, including computer attacks on automated banking systems, can improve the quality of risk departments and internal control services of banks, and ensure customer confidence in electronic banking systems. Objectives The study aims to investigate the specifics of doing banking business in cyberspace, analyze sources of additional risks for banks using electronic banking systems and under computer attacks, identify obstacles to remote banking services and cause-and-effect relations in the event of computer attacks on automated banking systems of credit institutions. Methods I employ general scientific methods of knowledge, like analysis and synthesis, induction and deduction, the analogy method, analysis of academic literature. The phenomena under study were interpreted with the help of graphical method. Results The paper unveils main risk factors for banks when they operate in cyberspace. It ascertains that computer attacks on automated banking systems of credit institutions increase operational, legal, strategic, reputational, and liquidity risk. Conclusions The findings may be helpful for improving the regulation and supervision of financial and credit organizations in the context of electronic banking systems application, the performance of risk departments and internal control service of banks, enhance risk management, minimize the impact of computer attacks on automated banking systems.
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