Double entry bookkeeping and Double extortion: Difference between pages

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imported>Doug Williamson
(Expand definition - source - linked pages.)
 
imported>Doug Williamson
(Create page - source - The Treasurer - In case you missed it - 9 December 2021)
 
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''Accounting''.
''Cyberthreat - ransomware''.


A system of bookkeeping in which every accounting transaction has two sides.
Double extortion is a form of ransomware attack in which the attacker not only corrupts the victim's data, but also threatens to leak its sensitive information online.


Therefore the balance sheet should always remain in balance.


:<span style="color:#4B0082">'''''Why double extortion is surging'''''</span>


The two sides of the recording of every accounting transaction are conventionally known as the Debit entry and the Credit entry.
:"... the dramatic surge in this practice stems from an 'unholy alliance' between ransomware makers and initial access brokers – the latter of whom are operating on the dark web and presenting themselves as malicious twins of legitimate software providers."


Or sometimes the Debit and Credit ''legs''.
:''The Treasurer online, 9 December 2021.''




== See also ==
==See also==
* [[Balance sheet]]
*[[Cyber security]]
* [[Bookkeeping]]
*[[Cyberthreat]]
* [[Credit]]
*[[Initial access broker]]
* [[Debit]]
*[[Malware]]
* [[Double entry]]
*[[Phishing]]
* [[Duality principle]]
*[[Ransomware]]
* [[Journal]]
*[[Spoofing]]
*[[Whaling]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Technology]]

Revision as of 18:34, 11 December 2021

Cyberthreat - ransomware.

Double extortion is a form of ransomware attack in which the attacker not only corrupts the victim's data, but also threatens to leak its sensitive information online.


Why double extortion is surging
"... the dramatic surge in this practice stems from an 'unholy alliance' between ransomware makers and initial access brokers – the latter of whom are operating on the dark web and presenting themselves as malicious twins of legitimate software providers."
The Treasurer online, 9 December 2021.


See also