Subject. The article discusses banking risks, including operational risks, information security risks, and cyber risks. Objectives. The focus is on determining areas for improving banking risk management at the current stage of the Russian economy development. Methods. The study draws on such methods of scientific knowledge as analysis, synthesis, generalization, abstraction, methods of modeling, induction, and deduction. Results. Currently, the management of banking risks, including operational, information security, and cyber risks, can be improved by perfecting the management mechanisms based on monitoring results, enhancing the system to forecast banking risks using automated management systems, building a risk culture in organizations as an element of banking risk management. Conclusions. The implementation of offered measures will help improve the efficiency of resource utilization by credit institutions. The findings can be used by credit institutions, their regulatory authorities, insurance organizations, individuals and legal entities being customers of credit institutions.
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