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omputer virus attacks cost global businesses an estimated $55 billion in damages in 2003, a sum that would rise this year, said Trend Micro Inc., the world's third-largest antivirus software maker. Companies lost roughly $20 billion to $30 billion in 2002 from the virus attacks, up from about $13 billion in 2001, according to various industry estimates. "The economic and financial impact of virus attacks will continue to climb in 2004," Lionel Phang, Trend Micro's Managing Director told Reuters in an interview. He did not have a forecast for the year. . . .. JANUARY 16, 2004 ( REUTERS ) - Computer virus attacks cost global businesses an estimated $55 billion in damages in 2003, a sum that would rise this year, said Trend Micro Inc., the world's third-largest antivirus software maker. Companies lost roughly $20 billion to $30 billion in 2002 from the virus attacks, up from about $13 billion in 2001, according to various industry estimates. "The economic and financial impact of virus attacks will continue to climb in 2004," Lionel Phang, Trend Micro's Managing Director told Reuters in an interview. He did not have a forecast for the year. Spam threats and network viruses will likely become more prevalent in 2004, he said. "The spam threat will increase exponentially, and will become the hideouts for viruses and hacking programs trying to gain an entry into the network," he added. One attack every month Last year, there was almost one major virus attack every month, including the well-known Slammer worm, which shut down Internet service providers in South Korea, disrupted plane schedules and knocked out automatic teller machines in January. The link for this article located at Computerworld.com is no longer available. . JANUARY 16, 2004 ( REUTERS ) - Computer virus attacks cost global businesses an estimated $55 billio. omputer, virus, attacks, global, businesses, estimated, billion, damages. . Anthony Pell
As a result of the recent onslaught of Internet-based virus attacks and their effect on many companies' operations, some organizations responded defensively by shutting down TCP ports that were vulnerable. Unfortunately, many quickly learned that other essential business applications relied on . . . . As a result of the recent onslaught of Internet-based virus attacks and their effect on many companies' operations, some organizations responded defensively by shutting down TCP ports that were vulnerable. Unfortunately, many quickly learned that other essential business applications relied on these same ports and that they had, unknowingly, shut down critical business applications. The problem highlights the need for enterprises to understand the functional behavior of existing networked business applications and specifically to inventory their port usage. The Blaster worm took advantage of the underlying behavior of networked applications to enable its rapid spread. Many other viruses and worms rely on similar vectors of infection. This behavior is based on the underlying common protocol used by all Internet applications as well as those running on most modern corporate networks. This protocol, TCP/IP, transmits data by encapsulating it in an electronic envelope. The envelope bears an address that networks and computers use to route and process it. Just as regular mail addresses can be broken down into functional parts (e.g., street number, street, city and state) so can the TCP/IP address. One of these address components is known as the TCP port. The link for this article located at Internet Week is no longer available. . Uncover the reasons that simply closing TCP ports fails to protect against contemporary malware threats, and explore more effective methods for enhancing cybersecurity.. Port Management, TCP/IP Threats, Antivirus Strategies, Network Application Security. . Anthony Pell
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