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

Heritage Foundation President Calls Trump God's 'Imperfect Instrument' to Achieve Porn Ban

The president of the Heritage Foundation has asserted to CNN that Donald Trump’s notorious interactions with porn stars do not disqualify the presumptive Republican nominee from implementing the conservative organization’s plan to criminalize all production and distribution of adult content.

California Republicans, Democrats Send Controversial Age Verification Bill to Senate

The California version of the age verification bills being sponsored around the country by anti-porn activists unanimously passed a bipartisan floor vote at the state Assembly on Thursday and is now being considered by the state Senate.

UK Regulator Ofcom Rejects OnlyFans' Complaint About Unfair Treatment by the BBC

U.K. communications regulator Ofcom has rejected a formal complaint from OnlyFans, which alleged unfair treatment during a 2022 BBC report about its moderation practices.

Child Protection, Civil Liberties Groups File Amicus Briefs in Support of FSC Court Petition

Several child protection and civil liberties groups have filed amicus briefs in support of the Free Speech Coalition's (FSC) petition to the Supreme Court.

Woodhull Urges the Supreme Court to Find Texas AV Law Unconstitutional

The Woodhull Freedom Foundation and the Electronic Frontier Foundation submitted a brief to the United States Supreme Court on Thursday, urging the justices to rule against Texas’ age verification law.

AEBN Publishes Popular Searches for March and April

AEBN has released the top search terms for the months of  March and April from its straight and gay theaters in all 50 states and the District of Columbia.

2024 XBIZ Creator Awards Winners Announced

Winners of the 2024 XBIZ Creator Awards were revealed Wednesday evening during a live ceremony at E11EVEN Nightclub in Miami, Florida. The event, presented by Fansly, was hosted by Siri Dahl and Little Puck.

'90s Japanese Performer Sues to Remove Titles from Streaming Site

Former Japanese performer Miyuki Ariga is suing adult streaming site Fanza to remove four titles in which she appeared in 1994.

Free Speech Coalition Asks Court to Block Montana AV Law

The Free Speech Coalition (FSC) has asked the US District Court of Montana to block the state's new age verification law.

Segpay Launches Virtual 'Segcard' Creator Payout Solution

Segpay has updated its Segcard creator payout option by offering a new, virtual version.

Show More