Cybercrime
Two types of cybercrime losses.
What are tangible and intangible?
Two types of cybercrime losses.
What are tangible and intangible?
The 3 types of business valuations.
What are asset-based, income approach, and market approach?
The amount at which property would change hands between a willing seller and buyer
What is Fair Market Value?
3 reasons why a forensic accountant does a business valuation.
What is tax purposes, divorce, liquidation, sale, ESOP, merger, minority distribution, buy-sell, etc.
The most significant high-tech losses are this type of loss.
What are intangible losses? (p16-11)
Present value analysis, lost profits, and opportunity cost.
What is part of a loss valuation from a cyberattack?
The value to a specific buyer of a business.
An individual whose contribution to a business is so significant, future earnings will be affected.
What is a key person?
CVA
What is Certified Valuation Analyst?
The dollar threshold for a cyber loss to be considered a crime under federal statutes.
What is $5000?
Best technique to use in valuing a tangible cybercrime loss.
What is market value?
The value to a particular individual.
What is intrinsic value?
There is a premium for holding this amount of ownership.
What is 51% Ownership Interest?
ABV
What is Accredited in Business Valuation?
Security measure that results in largest decrease in cyber insurance cost.
What is a security audit?
This occurs because of customer inconvenience.
What are unavailability losses?
Technically less than 50%.
What is minority interest?
Inability to quickly convert property into cash at minimal cost may result in the need for this discount.
What is Lack of Marketability Discount?
Industry with the highest cybercrime.
What is banking?
Developmental costs and lost strategic options are called this.
What is real options?
Lost business opportunities are known as these.
What are optioned opportunities?
Controlling authority on gift/ estate tax valuations, it also defines fair market value.
What is Revenue Ruling 59-60?
The value of a professional practice that is beyond the hard assets, such as reputation or location.
What is Practice Goodwill?
Up to date resume, understand all facts, do not lie, anticipate and prepare answers
What are strategies for expert witness testimony?