Trend Micro CTO: Malware Costs $62 Billion

TOKYO — The cleanup costs of malware are skyrocketing, according to Trend Micro. Raimund Genes, Trend Micro’s chief technology officer, using FBI data, said that IT security problems cost $62 billion in 2005, while the market for computer security software only was pegged at $26 billion.

In the next year, Genes said click fraud, more sophisticated phishing attacks and VoIP will be the bane of hackers looking to compromise PCs. Websites that have the same look and feel of mainstream sites and contain links to adware and other malware are becoming more popular than email worms or spam, Genes said.

According to Trend Micro, there are 5 million zombie PCs or botnets, sending out spam, malware or are programmed to send out phishing attempts.

McAfee also made its own predictions for 2007. The PC security vendor listed mobile phone malware attacks in its list of top 10 threats for 2007. It also predicts that parasitic malware, or programs that modify files on infected PCs will pose an increased threat.

Symantec joined the chorus of security vulnerability predictions for 2007, too. The company cited phishing as a growing trend; it detected close to 900 unique phishing messages per day in 2006, almost double the number per day it monitored over the previous six months.

The other prediction it made, which speaks directly to software manufacturers, is increasing attacks against unpatched security vulnerabilities. It took software programmers an average of 31 days to fix security holes in software code, but the average time it took hackers to exploit the vulnerability was three days.

Copyright © 2024 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Dirty Cinema Launches New Paysite 'MILFuckd'

Dirty Cinema has launched a new paysite, MILFuckd.com, on its network.

Braindance Unveils '6DOF' VR Tech

Interactive virtual reality platform Braindance has debuted its new Six Degrees of Freedom (6DOF) VR technology.

Kiiroo, Pineapple Support Launch 'Empower Hour' Series on FeelHubX YouTube Channel

Kiiroo and Pineapple Support have teamed up to launch the “Empower Hour” series on the FeelHubX YouTube channel.

Kansas Law Firm Deploys Religion, Bunk Science While Recruiting Plaintiffs Under AV Law

Kansas-based personal injury law firm Mann Wyatt Tanksley is promoting debunked scientific theories and leveraging religious affiliation against the industry while it seeks potential plaintiffs for lawsuits against adult companies under the state’s age verification law.

UK Tech Secretary Lists Age Verification Among OSA Priorities

Peter Kyle, the U.K.’s Secretary of State for Science, Innovation and Technology, on Wednesday made public a draft version of his priorities for implementing the Online Safety Act (OSA), including age verification.

AEBN Publishes Popular Seraches by Country for September, October

AEBN has released its list of popular searches from its straight and gay theaters in all 50 states and the District of Columbia.

Avery Jane Featured on 'Adult Time Podcast'

Avery Jane is the latest guest on the “Adult Time Podcast,” hosted by studio CCO Bree Mills.

FSC: Kansas Law Firm Threatens Adult Site Over Age Verification

The Free Speech Coalition (FSC) has been notified that Kansas law firm Mann Wyatt Tanksley has sent a letter threatening an adult website with a lawsuit for breaking the state's age verification law.

10th Circuit Rejects Final FSC Appeal in Utah AV Case

The United States Court of Appeals for the 10th Circuit on Monday rejected a motion by Free Speech Coalition (FSC) requesting that the full court rehear its appeal in Free Speech Coalition v. Anderson, the industry trade association’s challenge to Utah’s age verification law.

Trump Nominates Project 2025 Contributor, Section 230 Foe to Chair FCC

President-elect Donald Trump has nominated, as his pick to head the Federal Communications Commission, Brendan Carr — an author of Project 2025 who has called for gutting Section 230 protections.

Show More