FRS 101 and Phishing: Difference between pages

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''UK and Irish accounting.''
''Cybercrime''.


Financial Reporting Standard 101, dealing with the Reduced Disclosure Framework for financial reporting in the UK and the Republic of Ireland.
Phishing is an email-based fraud.




FRS 101 applies to companies which are members of larger public groups.
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.


FRS 101 sets out reduced disclosure requirements (within the framework of IFRS) for 'qualifying entities'.


:<span style="color:#4B0082">'''''Most common attacks'''''</span>
:"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."
:''Ludwig Keyser, Director of Joint Operations Centre, Barclays - EACT Conference Tackling cyber risks in treasury, January 2019.''


Qualifying entities for this purpose are members of groups where:


(i) The parent of the group prepares publicly available consolidated financial statements; and <br>
The name 'phishing' is a grim joke variant on 'fishing'.
(ii) The qualifying entity is included in the consolidation prepared by the parent company.




==See also==
* [[FRS 100]]
* [[FRS 102]]
* [[FRS 103]]
* [[FRS 104]]
* [[FRS 105]]
* [[IFRS]]


[[Category:Accounting,_tax_and_regulation]]
== See also ==
* [[BEC]]
* [[Cybercrime]]
* [[Cybercrime – A Threat And An Opportunity]]
* [[Hacktivist]]
* [[Internet]]
* [[Spear phishing]]
* [[Spoofing]]
* [[Whaling]]
 
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Technology]]

Revision as of 21:51, 23 May 2019

Cybercrime.

Phishing is an email-based fraud.


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.


Most common attacks
"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."
Ludwig Keyser, Director of Joint Operations Centre, Barclays - EACT Conference Tackling cyber risks in treasury, January 2019.


The name 'phishing' is a grim joke variant on 'fishing'.


See also