RealNews

PC viruses spawn $55 billion loss in 2003

Trend Micro, the world’s third-largest antivirus software maker, said Friday that computer virus attacks cost global businesses an estimated $55 billion in damages in 2003, a sum that is expected to increase this year. Companies lost roughly $20 billion to $30 billion in 2002 from the virus attacks, up from about $13 billion in 2001, according to various industry estimates. “The economic and financial impact of virus attacks will continue to climb in 2004,” Lionel Phang, Trend Micro’s managing director told Reuters in an interview. He did not have a forecast for the year. Spam threats and network viruses will likely become more prevalent this year, he said. Full Story

OODA Analyst

OODA Analyst

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