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Losses From Viruses Reach 5-Year High Swell |
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This year's spate of successful virus and worm attacks likely will spur investment in security products and services. Companies such as Cisco Systems, Juniper Networks, McAfee, Sana Security, and TippingPoint, which sell host- and network-based intrusion-prevention systems, should profit as businesses seek technologies that do more than network firewalls and antivirus software, which just don't provide the level of protection most companies need...
Although the costs associated with virus and worm attacks against business-technology systems have declined or stabilized for several years, they're now going up. If cost projections from research firm Computer Economics are on target, worldwide losses due to virus attacks this year will reach $17.5 billion. That's a big increase from $13 billion last year and tops the previous record-breaking year of 2000, which saw $17.1 billion in damages. That was largely attributable to the LoveBug attack, which struck in spring 2000 (see charts at URL on next page). None of the attacks in 2004 top the $8.8 billion LoveBug price tag...
http://www.informationweek.com/shared/printableArticle.jhtml?articleID=51000347
Oct. 25, 2004
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