The IT Certification Resource Center

Featured Deal

Get CompTIA, Cisco, or Microsoft training courses free for a week.
Learn More ❯

From Blockchain to Big Data: Global Experts Discuss Emerging Tech Solutions at ISACA’s EuroCACS Conference

 

Rolling Meadows, IL, USA (26 April 2016)Audit, risk and governance professionals from around the world will convene in Dublin at ISACA’s EuroCACS conference, taking place 30 May-1 June 2016, to discuss the latest issues impacting data governance, assurance, risk management and cyber security. The conference will offer attendees the opportunity to upskill as well as share collective learnings and best practices—exploring the skills required as new technologies and ways of working emerge and introduce new challenges and opportunities.

 

At the European Computer Audit, Control and Security (EuroCACS) Conference, Ron Hale, Ph.D., CISM, chief knowledge officer for ISACA, will examine one technology making a big impact on the financial industry in particular:  blockchain. While many organisations are keen to take advantage of the digital ledger technology, there are still questions around its implementation and security. Hale will discuss the technology behind blockchain and prepare security, risk and assurance professionals to be part of the conversation with enterprises looking to evaluate this emerging space. In his talk, Hale will cover the following key questions around this hot topic.

 

What is blockchain?

At the highest level, blockchain is an open, public and secure digital ledger that uses cryptography to create ledger entries unique to each individual that are free from intentional or accidental change that forms the basis of bitcoin. For example, when an individual buys, sells or trades bitcoins they present ledger entries representing value to complete a transaction that in turn is recorded as a Blockchain entry. The up-to-date, transparent ledger is visible to all parties and shows the most recent transactions or changes made.

 

While the technology was first applied to Bitcoin trading, it has been found to be an enabling technology that can be used for a variety of applications with a number of advantages. Traditional ledger systems often depend on a third party, such as a stock exchange, which matches buyers and sellers. Blockchain takes this ‘middle man’ out of the equation, making the transaction more profitable by reducing the cost, whilst ensuring the transaction is legitimate and accurate.

 

Which industries will it impact?

Blockchain can be used wherever there is a ledger system and used to track transactions involving anything of value that needs to be traded securely. Applications could range across supply chain management, manufacturing, corporate treasury and trade finance. In the food industry, for example, blockchain could be used to ensure the integrity of the product throughout the supply chain. Banks may even transition to digital currency alone using the technology.

 

It also has implications for the ‘unbanked’. By enabling micro payment capabilities (to the millionth of a cent), blockchain can enable people to make transactions that previously couldn’t, due to the monetary units involved.

 

Why is it so revolutionary?

Every 10 years, new technology is introduced that has the potential to have a hugely significant impact on society—this is one of those technologies. As with the Internet in the 1980s, this is the next opportunity for a new technology to be truly revolutionary and disruptive. The concept is proven now and ready to be taken to the next level.

 

“Of all the emerging technologies we’re currently seeing, blockchain has the potential to have the biggest impact on businesses and society at large,” said Hale. “Enterprises are increasingly looking at how they can adopt this technology and revolutionise how they deliver products and services. As such, audit and risk professionals need to ensure they can bring knowledge and perspective to that conversation.”

 

This year’s EuroCACS conference will also look at other emerging technologies impacting the enterprise, including IoT security best practice, big data and IT audit, and machine learning—the future of IT analytics. ISACA, a global association serving more than 140,000 members and certification holders in 180 countries, will offer 50 sessions in total on five key themes including audit, cybersecurity, governance, compliance and industry trends.

 

Another key focus of the event will be Connecting Women Leaders in Technology, with three related sessions.

 

Pre- and post-conference workshops will offer hands-on training on audit tools and techniques, and COBIT 5, including an opportunity to take the exam to earn the COBIT 5 Foundation Certificate. Additionally, a cybersecurity workshop will help attendees prepare for the CSX Cybersecurity Fundamentals Certificate exam.

 

Attendees can earn up to 39 continuing professional education (CPE) hours. Additional details, registration and venue information can be found at www.isaca.org/eucacs2016.

 

About ISACA

ISACA (www.isaca.org) helps global professionals lead, adapt and assure trust in an evolving digital world by offering innovative and world-class knowledge, standards, networking, credentialing and career development. Established in 1969, ISACA is a global nonprofit association of 140,000 professionals in 180 countries. ISACA also offers the Cybersecurity Nexus (CSX), a holistic cybersecurity resource, and COBIT, a business framework to govern enterprise technology.

 

Twitter: https://twitter.com/ISACANews  

LinkedIn: ISACA (Official), http://linkd.in/ISACAOfficial

Facebook: www.facebook.com/ISACAHQ