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AI Factors Heavily into Future of Digital Transformation

Rob Clyde, ISACA board chair, executive chair of the board of directors for White Cloud Security and independent board director for Titus
Posted: 9/19/2018 7:30:00 AM | Category: Risk Management | Permalink | Email this post

Rob ClydeThe second installment of ISACA’s Digital Transformation Barometer research underscores the ascent of artificial intelligence as a technology with growing potential – and how urgently enterprises must rise to the occasion of addressing the related risk and security implications.

In the 2018 Digital Transformation Barometer, global respondents rank AI/machine learning/cognitive technology as the second-most transformative technology for organizations, finishing just behind big data. While big data also was the top choice in the 2017 version of this annual research, the gap between big data and AI shrunk from 18 points to 3, reflecting a growing realization that AI technology is on the verge of profoundly reshaping many aspects of society.

 
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Digital Transformation Brings More Opportunities to Financial Sector

Prof. Kris Seeburn, Independent Technology Consultant and ISACA INTOSAI, WGITA Liaison:
Posted: 9/19/2018 7:30:00 AM | Category: Risk Management | Permalink | Email this post

Kris SeeburnEmerging technologies and the pace of innovation are reshaping the banking/financial industry and operating models, while influencing the shape and dynamics of the broader financial services ecosystem.

Banks have adopted new technologies to varying degrees. Most banks use elements of cloud computing, a key technology that reduces the costs of rolling out and scaling the online and mobile banking capabilities that digital era consumers expect. Many institutions also are gradually implementing elements of big data and analytics as well as robotic process automation (RPA) to strengthen controls and reduce costs. Other technologies, such as distributed ledger technology and the Internet of Things (IoT), are only in the early stages of commercialization by banks.

 
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Clouds, Codebases and Contracts – How the New Era of Privacy is Changing Third-Party Risk

Alex Bermudez | CIPP/E, CIPM, Privacy Solutions Consulting Manager, Atlanta, GA, USA
Posted: 9/17/2018 3:08:00 PM | Category: Privacy | Permalink | Email this post

Alex BermudezThe last two years have taught us that conventional wisdom and knowledge around privacy and security needs a makeover, in particular as it relates to the EU’s GDPR and the California Consumer Privacy Act. Data controllers and businesses, the entities responsible for what happens to personal data under GDPR and CCPA, respectively, are subject to new obligations that place significant organizational risk squarely on their shoulders. Though compliance issues can come from many places, one often-overlooked impact is managing processor/third-party risk.

 
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New Strategic Vision Needed to Thrive As a Digital Enterprise

Matt Loeb, CGEIT, CAE, FASAE, Chief Executive Officer, ISACA
Posted: 9/13/2018 3:06:00 PM | Category: Security | Permalink | Email this post

Matt LoebStakes are increasing when it comes to leveraging technology to define and deliver new value. The CEO and the executive team leaders are reeling with the challenges of identifying and implementing new digital business models while also wrestling with making smart capital investments to develop and mature organizational capabilities that enable agility and rapid response to new market opportunities. At the same time, board directors are in a quandary, attempting to make sense of the digital landscape, and to obtain assurance that their CEO and executive team leaders are enabling the right culture, acquiring and nurturing the right talent, validating that the technology investments are prudent and reasonable, and effectively capitalizing on business opportunities while mitigating security concerns that pose significant risks to the company’s financial position and reputation.

 
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Five Takeaways from the 2018 Governance, Risk and Control Conference

ISACA Now
Posted: 9/12/2018 3:04:00 PM | Category: COBIT-Governance of Enterprise IT | Permalink | Email this post

Governance, risk and compliance professionals shared ideas and gathered insights on how their roles are evolving in light of enterprises’ digital transformation efforts, evolving trends in innovation, and growing regulatory and security risks recently at the sold-out 2018 GRC Conference in Nashville, Tennessee, USA.

The conference, organized by The Institute of Internal Auditors (IIA) and ISACA, took place 13-15 August. Key takeaways from the conference include:

 
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