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Malware’s Financial Cost Sliding

In a survey that covered the IT security professionals and executives all over the world, it has been found that the cost of malware is gradually coming down. The participants were asked to provide information regarding economic impact and frequency of malware assaults on their respective companies.

Research firm Computer Economics has conducted this survey. It found that the financial cost due to the malware attacks had dropped down from US$ 17.5 Billion in 2004 to US$ 14.2 Billion in 2005 and further US$ 13.3 Billion last year (2006).

Computer Economics attributed the decrease in costs to two major factors namely anti-virus products' widespread use, and the change in malware authors' motivation. Now, the focus of the malware authors has shifted from just causing havoc to gaining financial profits by using spam to provide a back door into an organization's network, stealing credit card numbers, perpetuating click-fraud.

According to the Computer Economics' president Frank Scavo, although it takes only a few thousand dollars to clean the infection created by spyware, but the costs inflicted by the damages due to password thefts and unauthorized access to the network of corporate could be beyond imagination, as published by Virus Bulletin on June 12, 2007.

Vice President of Research at Computer Economics, Mark McManus said that anti-malware is emerging as an effective tool and is successful in defending various kinds of viruses. And, the anti-virus agencies are very quick in their respond to any new attack, thereby finally defeating all attempts of the hackers to infect PCs across the globe, as published by Business Wire on June 11, 2007.

Related article: Malware Authors Turn More Insidious

» SPAMfighter News - 6/28/2007

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