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WOLF & CO Insights Blockchain Security Environment Review

Blockchain Security Environment Review

ISACA has released Blockchain Framework and Executive Guidance, which offers advice for common control best practices. This guidance supports companies implementing blockchain technology and other emerging technology by aligning the guidelines for leading internationally recognized security frameworks such as: Control Objectives for Information and Related Technologies (COBIT) 2019, National Institute of Standards and Technology (NIST) Cybersecurity Framework (CSF), and the International Standards Organization (ISO) 27001:13 to critical blockchain control domains.

ISACA has defined that the five (5) key blockchain security domains are data, governance, infrastructure, key management, and smart contracts.

Per NIST, “The [NIST] Framework integrates industry standards and best practices to help organizations manage their cybersecurity risks. It provides a common language that allows staff at all levels within an organization – and at all points in a supply chain – to develop a shared understanding of their cybersecurity risks.”

This visualizer will help represent the key functions for protecting blockchain environments utilizing the NIST cybersecurity framework.