Phishing and Quick ratio: Difference between pages

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''Cybercrime''.
''Financial ratio analysis - liquidity ratios.''


Phishing is an email-based fraud.
(Current assets <i>less</i> Inventories) / Current liabilities.


The quick ratio gives a very rough indication of the liquidity (or solvency) of the reporting entity.<br />
If the quick ratio were to fall below 1.0, this would indicate that the entity would not be able to meet its current liabilities out of its cash in hand and the proceeds of its other current assets (excluding inventories).


The fraudsters send emails purporting to be from reputable companies or other legitimate sources, in order to induce individuals to reveal personal information, such as passwords and credit card numbers.


<b>Example</b><br />
Current assets (excluding inventories) = £3m. <br />
Current liabilities = £4m. <br />


:<span style="color:#4B0082">'''''Most common attacks'''''</span>
The Quick ratio is: <br />
:"The most common attacks seen across the Barclays network are phishing scams, through which cybercriminals send malicious emails to gain access to networks and personal information."
= 3 / 4 <br />
:''Ludwig Keyser, Director of Joint Operations Centre, Barclays - EACT Conference Tackling cyber risks in treasury, January 2019.''
= 0.75.




The name 'phishing' is a grim joke variant on 'fishing'.
The quick ratio is also known as the Acid test or the Acid test ratio.<br />
Inventories are sometimes also known as Stock.




== See also ==
== See also ==
*[[Advanced Persistent Threat]]
* [[Balance sheet ratio]]
* [[BEC]]
* [[Current assets]]
* [[Cybercrime]]
* [[Current liabilities]]
* [[Cybercrime – A Threat And An Opportunity]]
* [[Current ratio]]
* [[Hacktivist]]
* [[Inventory]]
* [[Internet]]
* [[Liquidity]]
*[[Smishing]]
* [[Liquidity ratio]]
* [[Spear phishing]]
* [[Stock]]
* [[Spoofing]]
*[[Vishing]]
* [[Whaling]]


[[Category:Identify_and_assess_risks]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Manage_risks]]
[[Category:The_business_context]]
[[Category:Technology]]
[[Category:Liquidity_management]]

Latest revision as of 19:09, 3 February 2019

Financial ratio analysis - liquidity ratios.

(Current assets less Inventories) / Current liabilities.

The quick ratio gives a very rough indication of the liquidity (or solvency) of the reporting entity.
If the quick ratio were to fall below 1.0, this would indicate that the entity would not be able to meet its current liabilities out of its cash in hand and the proceeds of its other current assets (excluding inventories).


Example
Current assets (excluding inventories) = £3m.
Current liabilities = £4m.

The Quick ratio is:
= 3 / 4
= 0.75.


The quick ratio is also known as the Acid test or the Acid test ratio.
Inventories are sometimes also known as Stock.


See also

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