PIK notes and Phishing: Difference between pages

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PIK notes are debt instruments based on non-cash payment of interest coupons.
''Cybercrime''.


Interest is usually recognised by an increase in the amount of principal owed by the borrower.
Phishing is an email-based fraud.




PIKs are generally either unsecured loans or deeply subordinated securities ranking just before equity in the capital structure.  
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.


This means that, in the event of a bankruptcy, PIKs are the last debts to be repaid, making them a high risk instrument for lenders and investors.


In order to compensate lenders for the risk, PIKs have to offer significantly enhanced rates of return to investors.
:<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.''
 
 
The name 'phishing' is a grim joke variant on 'fishing'.
 




== See also ==
== See also ==
* [[Coupon]]
* [[BEC]]
* [[Equity]]
* [[Cybercrime]]
* [[Interest]]
* [[Cybercrime – A Threat And An Opportunity]]
* [[Notes]]
* [[Hacktivist]]
* [[Payment in kind]]
* [[Internet]]
* [[Principal]]
* [[Spear phishing]]
* [[Secured debt]]
* [[Spoofing]]
* [[Subordinated debt]]
* [[Whaling]]
* [[Unsecured debt]]
 
[[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