The impact of cybersecurity in enhancing blockchain technology and its reflection on the reliability of digital financial reports

Abstract

The research aims to study the impact of cybersecurity on enhancing blockchain technology and its effect on the reliability of digital financial reports. The importance of blockchain technology in the digital age is increasing as it provides a decentralized and secure mechanism that ensures the protection of financial transactions, enhancing transparency and reducing data manipulation. Cybersecurity is also a key factor in safeguarding these transactions against growing threats such as hacks and tampering. The research discusses the concept of cybersecurity and the importance of securing data in the digital environment, as well as how blockchain technology benefits from enhanced security. It also demonstrates the impact of this technology on improving financial auditing processes and compliance with legal frameworks. The study employed a descriptive analytical approach to collect data through questionnaires distributed to accountants, auditors, and investors, with 125 forms retrieved. The results showed a significant impact of cybersecurity on enhancing the effectiveness of blockchain technology and improving the reliability of financial reports. The study recommends the need to strengthen the application of cybersecurity and digital transformation to ensure the reliability of digital financial reports.