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INTERNET SECURITY: Economic Damage from Bagle, MyDoom & NetSky crosses $100bn

Financial motive behind the malware variants likely. In what has turned out to be an historically unprecedented week, the combined economic damage to date from Bagle, MyDoom and NetSky has now crossed $100bn worldwide over the weekend. The first eight days of March indicate that it is heading to be the worst month for malware proliferation in 2004 according to the mi2g Intelligence Unit, the world leader in digital risk. January and February have also been record breaking months. Seven of the top ten most damaging malware families of all time had their peak infection points in the last twelve months, suggesting a serious rise in global malware epidemics in the last year. Over 215 countries have now been infected by the MyDoom, NetSky and Bagle malware tsunami. The most damaging malware since 1995 that remains ahead of NetSky is now limited to MyDoom and Sobig. Full Story

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.