AGA 2018 Professional Development Training

W112 - W112: New Fraud Fighters: Cryptocurrencies, Blockchain and Secure Transactions (FOS: AUD)

Jul 25, 2018 1:00pm ‐ Jul 25, 2018 2:15pm

Expiration Date: Aug 15, 2019


Description

Government is inherently a transactional business.  From deeds to disbursements, the quantity of documents governments maintain on paper and digital image continues to grow. Criminals are abusing the current processes to commit fraud at an increasing rate. During this session, learn how you can use blockchain to disrupt and combat fraud.

As Federal state, and local governments are piloting and exploring this emerging technology, and finding significant efficiencies, reduced risks and increased security for all constituents, this session will define, model and offer insight as stakeholder consider impact and usage of blockchain and Cryptocurrencies become solutions in demand. 

This presentation will outline how the blockchain – the underlying technology used in bitcoin – can reduce fraud and increase the efficiency of recording government transactions. As an example, filing fake deeds in order to sell a house from under an actual owner has occurred in Illinois. Jay Schulman is a Principal at RSM and a leading expert in Cyber Security, Cryptocurrencies, and Blockchain. He has advised financial orgs. such as the FDIC on the risks and pragmatic solutions surrounding the adoption of blockchain and related technologies. Joined by federal thought leaders, Jay will drive understanding of strengths and risks of adoption.

Moderator(s):

  • Jay Schulman, Principal, Risk Advisory Services, RSM US LLP

Speaker(s):

  • Bo Shevchik, CGFM, PMP, Outreach and Marketing Strategy, Federal Reserve Bank of St Louis
  • Hilary Cronin, CGFM, CDFM, PM, Risk Management & Monitoring

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