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 © 2026 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

Woodhull Survey Reveals Concern Among Sex Educators Over AV Laws' Impact on Access

A national survey of sex educators by the Woodhull Freedom Foundation found that a majority of sex educators and sexual health professionals are concerned that age verification (AV) laws will negatively impact access to information and resources.

Clips4Sale Wins Trademark Infringement Case Against Fraudulent Domain

The World Intellectual Property Organization (WIPO) has ruled in favor of content platform Clips4Sale in a case against a website using a similar domain to impersonate the site.

Pineapple Support, SextPanther to Host Stress Management Support Group

Pineapple Support and SextPanther are hosting a free online support group focused on stress management for performers.

Goddess Tangent Launches New Site Through Grooby's Blue.xxx

Goddess Tangent has launched her new membership site, TangentOD.com, through Grooby's website management company Blue.xxx.

Keiran Lee Guests on Chaturbate's 'Sex Tales' Podcast

Keiran Lee is the latest guest on Chaturbate’s “Sex Tales” podcast, hosted by Melissa Stratton and Vanniall, and streaming on the company’s “Camming Life” YouTube channel.

FSC Talks Age Verification on Capitol Hill

The Free Speech Coalition (FSC) has published a blog post detailing the organization's talks on age verification on Capitol Hill in Washington.

FTC Warns PayPal, Stripe, Visa, Mastercard Against Debanking

Federal Trade Commission Chairman Andrew Ferguson sent letters on Thursday to the CEOs of PayPal, Stripe, Visa and Mastercard, warning them against debanking practices — including denying customers access to services based on lawful business activities perceived as high-risk.

AEBN Publishes Report on Ejaculate Trends

AEBN has published a report on ejaculate categories from its straight and gay theaters.

Chaturbate to Hold 'CB15' Creator Retreat in Arizona

Chaturbate will hold its CB15 creator retreat in Scottsdale from April 20-23.

Show More