Sophos tech chief blasts ever-so-big virus claims

Wednesday, 3 September 2003, 1:45 PM EST

Recent computer viruses, such as MSBlaster, SoBig-F and Nachi-A cause much alarm, "but some of us today tend to be a little cynical about the figures quoted on the financial damage created", says Paul Ducklin, head of technology in Australia for a major anti-virus company.

He told delegates at an IT security conference in Melbourne yesterday that the LoveBug, which came out of the Philippines, took down systems all over the world and created considerable problems in Australia, "but I don't believe some of the figures that came out of the industry later that suggested that virus alone cost the world $US10 billion ($A15.5 billion)".

"Because there is a lot of excitement about computer viruses and computer security, particularly where hacking is involved, there are people in the aftermath who want the cost of these viruses to be seen as immensely high," said Mr Ducklin, who works for Sophos Anti-Virus, a British-based company with a research centre in Sydney.

[ Read more ]

Related items




Spotlight

eBook: Cybersecurity for Dummies

Posted on 16 December 2014.  |  APTs have changed the world of enterprise security and how networks and organizations are attacked. These threats, and the cybercriminals behind them, are experts at remaining hidden from traditional security while exhibiting an intelligence, resiliency, and patience that has never been seen before.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Fri, Dec 19th
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //