CCH Learning Center

Cybercrime Loss Valuations

Cybercrime is a relatively new type of fraud that results in large losses of intangible properties rather than the tangible losses realized from more traditional types of fraud. As a result, accountants must use a different perspective when valuing the losses from cybercrimes.

At a minimum, cybercrime loss valuations must include the company's diminished prospects for future earnings.

This course reviews reasons for preparing cybercrime loss valuations, factors shown as remediable activities and loss classifications, types of tangible and intangible losses that figure in cybercrime valuations, and the intricacies of insurance against cybercrime.