RealNews

Spam harmed economy more than hackers, viruses

Spam caused more economic damage than hackers and viruses last month, despite indications that the amount of unwanted e-mail actually declined. London-based computer-security firm mi2G said in a report on Thursday that computer outages and lost productivity because of spam led to $10.4 billion in worldwide economic losses in October. Meanwhile, the company said viruses and worms — also known as malware — caused $8.4 billion in losses, while hackers contributed to $1 billion in financial damage worldwide. “In the beginning, we thought that hackers were more damaging than malware, and malware was more damaging than spam,” said DK Matai, executive chairman of mi2G, in a press release. “October has shown the reverse to be true.” Full Story

OODA Analyst

OODA Analyst

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