ACCA Applied Knowledge · Business and Technology · Regulation and financial crime
A company's finance staff receive an email that appears to come from the bank, asking them to click a link and enter their online banking credentials. Which type of cybercrime does this describe?
This is phishing. Phishing uses deceptive emails that appear to come from a trusted organisation, such as a bank, to trick recipients into revealing confidential information like login credentials. It relies on deception of people rather than overwhelming systems or guessing passwords.
- APhishingCorrect
- BDenial of service attack
- CHacking through brute force
- DSkimming
Explanation
Phishing uses fraudulent messages that appear to come from a trusted source to trick recipients into revealing credentials. A denial of service attack floods systems with traffic to make them unavailable, which is not what is described. Brute force involves guessing passwords repeatedly, not deceiving staff.
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