SoBig is most economically damaging vrius ever

[Dave Farber <dave () farber net>]

> Date: Sat, 30 Aug 2003 11:43:15 -0700 (PDT)
> From: Joseph Lorenzo Hall <jhall () SIMS Berkeley EDU>
> Subject: SoBig is most economically damaging vrius ever
> To: Dave Farber <dave () farber net>
>
>
> http://www.net-security.org/press.php?id=1635
>
> Sobig Virus Damage Breaks World Record
> Posted on 30 August 2003
>
> London, UK, 11:00 GMT 29 August 2003 - Sobig has risen to become the
> most damaging virus ever according to the mi2g Intelligence Unit as it
> continues to choke bandwidth for users with both clean and infected
> machines worldwide albeit spreading more slowly than at its outbreak.
>
> Sobig has overtaken Klez, Love Bug and Yaha in the league table of
> most economically damaging malware tracked within the SIPS database,
> having now recorded $14.62 billion of economic damages worldwide
> measured in terms of lost productivity as of 10:30 GMT. The malware
> Klez has been pushed to number two ($13.94 billion) and Love Bug
> ($8.75 billion) has descended to number three as a result. The value
> of the SIPS engine lies in its common techniques for calculating
> economic damage consistently over the last eight years.
>
> "Even within those households, corporations, organisations and
> government departments which are completely free from Sobig, valuable
> working time is still being lost due to a continuous flood of returned
> mail messages and notifications from infected computers and virus
> scanners as Sobig continues to leave its legacy on email systems
> through backlogs on servers and proxies," said DK Matai, Executive
> Chairman, mi2g.
>
> The ferocious rate and extent of economic damage wrought by the Sobig
> virus family after peaking is considerably greater than previous
> malware tracked by the SIPS database. In just under eleven days the
> economic damage attributable to Sobig has risen from $5.59 billion to
> $14.62 billion as millions of organisations and households worldwide
> continue to lose productivity from huge quantities of unwanted email.
>
> The mi2g Economic Valuation Engine for Damage Analysis (EVEDA)
> component of SIPS calculates damages from malware and hacker attacks
> using a universal algorithm developed and refined as part of the SIPS
> programme initiated in 1995. For example, the Sobig virus damages have
> been calculated on the basis of sampled productivity loss data
> combined with estimates of the number of machines infected and
> bandwidth lost worldwide. EVEDA limits the model for malware damage to
> productivity loss even though actual losses could be higher due to
> data deletion and modification, Trojans, brand loss and other factors,
> since some malware does not directly cause damage in this way.
>
> The chart of the most damaging malware to date is available from the
> mi2g Intelligence Unit: intelligence.unit () mi2g com
>
>
>
> (In accordance with Title 17 U.S.C. Section 107, this material is
> distributed without profit to those who have expressed a prior
> interest in receiving the included information for research and
> educational purposes.)
>
>
> -----------------------------------------------------------------
> Joseph Lorenzo Hall
> Graduate Student                        http://pobox.com/~joehall
>
> "The truth is no amount of arm-waving and worrying about "culture" can
> fix a flawed design." --Homer Hickam; "Not Culture but Perhaps a Cult"
> http://www.spaceref.com/news/viewnews.html?id=855

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