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

Utah VPN Rule Enforcement Pause Extended in Aylo Lawsuit

Provisions of a Utah law making adult websites liable if minors in the state circumvent geolocation efforts to bypass age verification, which were set to come into force in May, have again been put on hold temporarily.

Anti-Censorship Bill Could Shield US Sites From Foreign AV Laws

A Republican congressman has introduced legislation to bar U.S. courts from helping to enforce any foreign law restricting speech that would domestically be protected under the First Amendment, potentially including foreign age verification laws.

X3 Expo 2027 All-Stars Unveiled, Dates Set for Jan. 8-9

X3 Expo will make its L.A. LIVE debut at the JW Marriott on Jan. 8-9, bringing together fans and industry insiders for North America’s largest assembly of stars, alongside a dazzling lineup of attractions spotlighting the cutting edge of modern media and pleasure tech.

BranditScan Rolls Out Real-Time Telegram Leak Scans, Takedowns

BranditScan has launched Telegram Bot, a new feature that lets creators scan Telegram in real time for leaked content.

Pineapple Support to Host 'Suicide Survivors' Support Group

Pineapple Support is hosting a free online support group for performers affected by suicide.

Studio Vanniall Signs Exclusive Partnership Deal With PAYSITE

Studio Vanniall has signed an exclusive partnership deal with PAYSITE.

AEBN Publishes Popular Searches by Country for June, July

AEBN has released the list of popular searches from its straight and gay theaters, by country, for June and July.

Appeals Court Upholds Section 230 Immunity in XVideos Case

The U.S. Court of Appeals for the 9th Circuit has upheld a lower court’s ruling that Section 230 protects WebGroup Czech Republic from liability in a case involving user-uploaded CSAM on its tube sites.

Aylo Moves to Settle Two 'Children of Pornhub' Class-Action Lawsuits

Aylo has agreed to terms for a settlement with the plaintiffs in two long-running class actions over allegations that former Pornhub parent company MindGeek knowingly allowed and profited from CSAM on its sites.

Tigerlilly Launches 'SugarCoatedSweethearts' Through PAYSITE

Tigerlilly has launched SugarCoatedSweethearts.com through PAYSITE.

Show More