Your Ask Joey ™ Answer

What is a pharming attack?

Pharming is a topic that is tested on the BEC section of the CPA exam. Pharming relates to cybersecurity as it is a specific type of cyber attack. A pharming attack is when a hacker mimics a real website and redirects a user to the fake website.

For example, if the web user was trying to go to, then the hacker would create a website that mimics, and redirect the web user to the fake website. The hacker would then try to access the users personal computer and steal information or infect the users computer with a virus.

Back To All Questions

You might also be interested in...

  • CECL Excel Workbook

    If you would like to use the Excel workbook that was used to create the Universal CPA lecture on CECL for debt securities, please click the link below to download the Excel workbook: CECL Calculation workbook (Universal CPA Review)

  • Journal Entry for Direct Materials Variance

    Journal Entry for Direct Materials Variance In the current year, Mission Burrito budgeted 6,000 pounds of production and actually used 4,000 pounds. Material cost was budgeted for $5 per pound and the actual cost was $8 per pound. What would the debit or credit to the direct material efficiency variance account be for the current...

  • Understanding Variance Analysis

    Variance Analysis Variance analysis is a method for companies to compare its actual performance vs its budgeted amount for that cost measurement (related to the flexible budget). The differences between the standard (budgeted) amount of cost and the actual amount that the organization incurs is referred to as a variance. By analyzing variances, the company...